Certification and compliance in blockchain refers to the processes by which systems, service providers and tokens are assessed against technical standards and legal requirements, and formally attested as meeting them.
Semantic Classification
Content
- Certification and compliance covers the activities used to demonstrate that a blockchain product, service provider or token conforms to applicable standards, audits and regulations. Certification is the formal attestation, while compliance is the ongoing adherence to the underlying requirements.
- For crypto-asset businesses this includes security audits of smart contracts, anti-money-laundering controls and authorisation under financial regimes. Maintaining compliance is continuous, requiring monitoring, reporting and re-assessment as rules and codebases change.