The role of Trust Service Providers
TrustedChain® is an infrastructure in which only Trust Service Providers (TSP) recognized as such by a European governmental body are allowed as nodes which verify the transactions of the system. The Trust Service Providers are highly qualified companies which provide services such as e-signature, e-invoicing, and electronic archiving of documents to institutions and businesses. They are required to have the highest standards of security and reliability, and they are appointed by a governmental supervisory body after a conformity assessment, in compliance with Regulation (EU) No 910/2014.
Trust and reliability
Through the highest technical standards required by law for its nodes and backed by public institutions, TrustedChain® is able to guarantee long-term preservation of data, as well adequate security, scalability, reliability, continuity of service and law compliance within its eco-system. In this way, the network can overcome the typical risks inherent to many blockchains, such as the lack of adequate security and scalability, the general volatility of the infrastructure, and the subjugation of data and transactions to speculative market dynamics.
Being highly reliable and safe, the applications built on the top of TrustedChain® can be especially deployed in highly sensitive sectors, such as: e-government and public administration; digital payments and banking; healthcare; and industrial processes.