PR87391

SHANGHAI, Dec. 24, 2020 /PRNewswire=KYODO JBN/ --

TÜV Saarland Certification (https://c212.net/c/link/?t=0&l=en&o=3021376-1&h=3638897055&u=https%3A%2F%2Fcert.tuev-saar.de%2Fen%2Fcompany%2F&a=T%C3%9CV+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.

Photo - https://mma.prnewswire.com/media/1391282/Youdi_Chen_and_Sunny_Lu.jpg

Logo - https://mma.prnewswire.com/media/738221/VeChain_Logo.jpg

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) (https://c212.net/c/link/?t=0&l=en&o=3021376-1&h=383370649&u=http%3A%2F%2Fenglish.cnca.gov.cn%2F&a=Certification+and+Accreditation+Administration+of+the+People%27s+Republic+of+China+(CNCA) ) in China.

The methodology applied by TÜV Saarland Shanghai included conducting strict

audits around the blockchain-based services 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 for TÜV Saarland, providing a detailed insight in to

its blockchain services, including 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 approved 5-Star Blockchain Service Provider under

TÜV Saar's notation.

This certification uniquely positions VeChain's blockchain technology in the

enterprise and business world. In an industry where enterprises are hesitant to

adopt emerging technologies, this certification would leapfrog our competitive

advantage compared to other blockchain platforms. Ultimately, as we gather more

recognition and trust, the VeChain ecosystem will thrive and lead to more usage

and partnerships, directly contributing to the value creation of our 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 honoured 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 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).

Website: https://cert.tuev-saar.de/en/

About VeChain

Launched in 2015, VeChain Technology is a global leading enterprise-friendly

blockchain company which aims to connect blockchain technology to the real

world by providing enterprises with blockchain-enabled solutions suited to

their business needs.

It offers VeChain ToolChain(TM), a low-code blockchain-based SaaS platform that

allows enterprise clients to rapidly build and drive digital transformation on

a global scale, enabling the evolution of a trust-free and a distributed ecosystem.

VeChain Technology is a pioneer of real-world blockchain applications, with

international offices in  China, Singapore, Luxembourg, Japan, France, Italy

and the United States. With strong independent development capabilities,

combined with the professional compliance guidance of our strategic partners,

PwC and DNV GL, VeChain has established partnerships with many leading

enterprises in various industries, including Walmart China, Bayer China, BMW

Group, BYD Auto, PICC, H&M Group, Shanghai Gas, LVMH, D.I.G, ASI Group etc.

Website: www.vechain.com

SOURCE: VeChain

CONTACT: TÜV Saarland Certification: info@tuev-saar.de; or VeChain: press@vechain.com