VeChain Becomes The First 5-Star-Rated Blockchain Service Provider In The World, Certified By TÜV Saarland, A Renowned Institution Accredited by National Governments

2020-12-23 15:32
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TÜV Saarland Certification (hereafter referred to as “TÜV Saarland”) has issued VeChain with the world’s first 5-Star-Rated Blockchain Service Certificate. Their certification acknowledges the readiness and maturity of VeChain’s blockchain technology, raising the profile and prestige of the network and certifying it as one of the preeminent front runners in the enterprise-level blockchain space.

As a renowned European certification body, TÜV Saarland is accredited by DAkkS, the national accreditation body for the Federal Republic of Germany. TÜV Saarland’s blockchain service certification methodology is based on established blockchain service evaluation standards and industry-leading expertise and experience within TÜV Saarland. This evaluation model and system is held in such high regard that their blockchain certification model has been authorized for use by the Certification and Accreditation Administration of the People’s Republic of China (CNCA) in China.

VeChain — Certified Top Class By Renowned Institutions Accredited by National Governments

The methodology applied by TÜV Saarland Shanghai included conducting strict audits around blockchain-based services as provided by VeChain, assessing elements such as technical scalability, network reliability and practicality of application. In response to the strict requirements set forth by the body, VeChain had to demonstrate its regulatory abidance across jurisdictions and provide detailed reporting, sharing insights about blockchain services, industrial blockchain applications, technical documents, business development plans, delivery of technological services, acceptance records and more.

With technical strength and market-proven blockchain use cases, VeChain has been certified as the first and only approved 5-Star Blockchain Service Provider under TÜV Saarland’s notation.

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VeChain Recognition Leads To Increased Competitive Advantage

This certification uniquely positions VeChain’s blockchain technology in the enterprise and business world. In an industry where enterprises are hesitant to adopt emergent technology and look to leaders in the space to work with, this certification helps leapfrog competitors, cementing a tangible advantage when compared to other blockchain platforms. Ultimately, as we gather more recognition and trust, the VeChain ecosystem will flourish even further, leading to greater usage, more deeply ingrained partnerships and directly contributing to value creation within the blockchain ecosystem.

Thorsten Greiner, Managing Director of TÜV Saarland, said: “TÜV Saarland has an extremely professional certification team, with not only a deep understanding of blockchain technology, but also rich field experience. TÜV Saarland’s certification standard aims to set an industry-level reference benchmark and help blockchain service providers improve their competitiveness in the international market. As the first company to receive the five-star service certification, VeChain has demonstrated its advantages and has the potential to bridge more large-scale enterprise digital systems or government projects.”

Sunny Lu, co-founder and CEO of VeChain, said, “Our strategic partners, PwC and DNV GL, have been offering professional compliance guidance for us to iterate blockchain technology and develop industrial blockchain applications for enterprise users. We are honored to be granted this certificate, and will be looking for ways to further improve our services in the business world. Faced with the impact of COVID-19, many decision makers are seeking new business recovery capabilities and growth points, which can be effectively assisted by VeChain’s blockchain services.”

About TÜV Saarland Certification

TÜV Saarland Certification GmbH is the accredited certification body of the TÜV Saarland Group. The automotive industry and its suppliers have been the traditional focus. This sector still plays an important role even though customers now come from all sectors and company sizes.

TÜV Saarland Certification GmbH certifies not only management systems for quality, environment, industrial health and safety and IT security but also the service quality of service providers, traders, banks and insurance companies and websites in respect of IT security and the law-compliant use of user data.

TÜV Saarland is an internationally renowned organization, founded in 1871 in Germany. It´s Certification Body is accredited by DAkkS, the national accreditation body for the Federal Republic of Germany, according to ISO 17021 and ISO 17065. Additionally it is one of only about 40 bodies worldwide that is allowed to certify the IATF 16949 automotive standard. The IATF certification is monitored by the Quality Management Centre of the German Automotive Industry Association (VDA-QMC).