Blockticity Launches L1 on Avalanche to Authenticate $1.2B+
Blockticity, a platform utilizing blockchain and AI to safe commerce paperwork, has launched a customized Avalanche Layer-1 blockchain community utilizing AvaCloud. As a part of the transition, the corporate has migrated 45,000 current Certificates of Authenticity (COAs) from the Avalanche C-Chain and minted 700,000 new COAs on its new mainnet. Collectively, these paperwork symbolize greater than $1.2 billion price of authenticated items.
The transfer comes amid growing regulatory consideration to international commerce from the U.S. Customs and worldwide authorities. Blockticity’s digital COAs embrace metadata and verification options, changing conventional PDF certificates with codecs that assist automation and auditability.
The COAs are constructed to adjust to ASTM blockchain requirements (D8558) and meet documentation necessities set by regulatory our bodies such because the U.S. Customs and Border Safety (CBP) and the European Union Deforestation Regulation (EUDR). The platform is designed to assist cross-border compliance via tamper-evident information.
Blockticity’s transition to a devoted Avalanche Layer 1 community supplies advantages comparable to validator-based safety, predictable fuel charges, and stablecoin compatibility. These options are meant to assist enterprise-scale adoption of blockchain-based commerce documentation with decreased operational complexity and quicker transaction settlement.
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