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TÜV Saarland grants VeChain the world’s first 5-star certificate

  • TÜV Saarland has issued VeChain the world’s first 5-star blockchain service certificate.
  • The certification confirms the high level of maturity of the VeChainThor blockchain and names the project as a pioneer in the field of blockchain for companies.

Since its official start, VeChain has won numerous well-known heavyweights from various branches of industry such as PwC, DB Schenker , BMW, DNV GL , Kuehne & Nagel, Shanghai Gas and many others as partners. These companies rely on the versatile application possibilities of the VeChainThor Blockchain and the extensive competence in the corporate sector. A new certification underpins VeChain’s ambitions to become the leading Blockchain-as-a-Service solution.

TÜV Saarland certifies VeChain

TÜV Saarland is accredited by the renowned European certification body DAkks, the national accreditation body of the Federal Republic of Germany. The blockchain service certification methodology of TÜV Saarland is based on established blockchain service evaluation standards and industry-leading expertise and experience.

The assessment model is highly valued internationally, so the blockchain certification model has been authorized for use by the Certification and Accreditation Administration of the People’s Republic of China (CNCA) in China. The methodology used by TÜV Saarland Shanghai included the implementation of strict audits for all blockchain-based services, such as those offered by VeChain.

Among other things, elements such as technical scalability, the reliability of the network and the practicability of the application are evaluated. In addition, VeChain had to prove that the use of the services offered by the company complied with the regulations of various legal systems. Furthermore, it was necessary for the VeChain Foundation to present a detailed reporting system which enables deep insights into technical documents and business plans.

Thanks to the mature technology and numerous market-tested blockchain applications, VeChain was the first and only approved 5-star blockchain service provider to be certified under the notation of TÜV Saarland. Thorsten Greiner, Managing Director of TÜV Saarland, explains that VeChain is one of the pioneers in the industry and that its services in the corporate sector meet the highest standards:

As the first company to receive the five-star service certification, VeChain has proven its advantages and has the potential to bridge further digital systems in large companies or government projects.

The CEO of VeChain, Sunny Lu, feels honored and describes that VeChain can especially help companies that have had to restrict or even completely stop their business operations due to the corona pandemic:

We are honored to receive this certificate and will look for ways to further improve our services in the business world. Given the impact of COVID-19, many decision makers are looking for new ways to restore business and for growth points that VeChain’s blockchain services can effectively support.

VeChain ToolChain ™ will pave the way for mass adaptation

The VeChain ToolChain ™ is a blockchain construction kit, which companies can use to integrate blockchain services in their company without any prior technical knowledge. In a recent update, Sunny Lu states that the VeChain ToolChain ™ will pave the way to mass adaptation.

The implementation of the ToolChain only takes a few weeks, so that companies can benefit from the advantages of blockchain technology after a short time:

The majority of the current BaaS platform is still focused on the underlying blockchain technology, such as nodes, explorers, wallets, etc. VeChain ToolChain ™ differs from other BaaS platforms not only because of its advanced infrastructure services, but also because of its business-ready middleware and the third party service partners. This is THE missing part that corporate customers can easily use to build their own business processes and manage the data on the blockchain.

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