“Compliance by Design” – The VeChain recipe for success for the global market
- At VeChain we see the future in blockchain networks that are designed as infrastructure for institutions.
- To be successful, such blockchains must be technically highly resilient, economically adaptable and strictly compliant with regulations.
VeChain has been relying on institutions to introduce blockchain for years, so far predominantly in its own home market of Asia. The Hayabusa upgrade now clearly aligns VeChain with this target group.
But they had already expanded with this target group in mind: When the small state of San Marino, located in northern central Italy, needed a trustworthy digital Covid certificate, the administration turned to VeChain, and San Marino received VeChain Thor as a blockchain infrastructure for the forgery-proof management of the national certificate system.
VeTrust was used for hygiene and risk management during the pandemic, which ensured clear responsibilities and a high level of transparency both at the state administration level and among the companies involved.
With VeChain, the retail chain Walmart China also received a blockchain that met its size and requirements precisely. Walmart is essentially about precisely tracking every single product, which requires tracking numerous supply chains at scale. Tens of millions of transactions were processed without any problems right from the start.
The role of Hayabusa
Hayabusa is now optimizing the rapid integration of VeChain with institutions. It makes VeChain fully MiCA compliant, a feature that is now seen as a regulatory quality standard for blockchain technology outside the EU.
This significantly increases the attractiveness of VeChain applications among potential institutional partners. So it is no coincidence that VeChain wins global brands, the public sector of states and global companies as customers.
Synergies with institutions for the benefit of customers
Customers see that they can establish different services for millions of people. The central question is no longer: “Can we trust this network?” but “What projects do we want to set up on it?”
VET investors are not left out either. They can help secure the blockchain network. “Compliance by Design” makes transparent how values flow in the chain, because it is, in a sense, an open source principle as a basis for trust.
It serves both the blockchain users in their role as VeChain customers, but also their own customers, for whom the traceability of their purchased products becomes tangible.
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