VeChain Helps Establish The ‘Shanghai Association Standards For Service’ Certification by VeChain Foundation VeChain Foundation Feb, 2022

As one of the initiators of the standard, VeChain provided key technical input based on its own products, services and experiences, with standardised service guidelines based on internal practices. Dr. Peter Zhou, Chief Scientist of VeChain, and Dr.Zhijie Ren, Senior Researcher, provided technical advisory and input to facilitate the formation of Shanghai’s standard.

The most important objective of the standard is to provide a robust and proven assessment structure of present -enabled enterprise services. It specifies the normative requirements for service evaluation and certification, including the technical requirements, compliance baseline and the general and specific management requirements for applications. The standard also includes evaluation indexes, evaluation methods and recommended approaches involved in service evaluation.

This standard is widely applicable, being relevant for service level evaluation and certification activities as well as for regulating service operators. It also contains universal guidance for technology providers looking to offer -based business services, while providing a valuable reference standard for enterprises looking to define premium, credible -based digital services.

Cover page, terminology page, and acknowledged contributors (VeChain and VeResearch team)

VeChain is no stranger to aiding the development of compliance standards. In November 2020, VeChain participated in the world’s first IEEE international standard in the field; 2418.2–2020 Data Format Standard for System. Led by China Electronics Technology Standardisation Institute, the outcome showcased VeChain’s technical capabilities and ability to develop standardised, scalable designs that lead to safer and faster adoption.

Throughout 2021, VeChain has continued to aid the development of standards for a variety of bodies, in fields ranging household electrical appliances to non-staple foods and even contributions to regulatory jurisdictions, as in San Marino, Europe. VeChain’s approach to mass adoption has been measured and methodical and this latest achievement is yet another paving stone in our path to true global mass adoption.

We look forward to writing more of the rules in 2022 and beyond as we continue our journey in to the era of !

Launched in 2015, the VeChain Foundation has worked tirelessly to build bridges between technology and the real world. VeChainThor’s evolution continues to gather pace, transitioning from consortium network to a best-in-class public platform. As the ecosystem enabler, the Foundation’s mission is to empower builders and innovators by developing tools that systematically eliminate adoption hurdles and lower entry barriers for businesses and developers alike.

VeChainThor has already been applied across a diverse array of use cases, aiding the daily operations of corporations and creating new value and efficiencies. Alongside key strategic partners PwC and DNV, VeChain has collaborated with world-leading enterprises including Walmart China, Bayer China, BMW Group, BYD Auto, PICC, Shanghai Gas, LVMH, D.I.G, ASI Group and more.

For more information, including developer tools/documents and foundation grants, please visit: www.vechain.org