Blockticity, a platform using blockchain and AI to secure trade documents, has launched a custom Avalanche Layer-1 blockchain network using AvaCloud. As part of the transition, the company has migrated 45,000 existing Certificates of Authenticity (COAs) from the Avalanche C-Chain and minted 700,000 new COAs on its new mainnet. Together, these documents represent more than $1.2 billion worth of authenticated goods.
The move comes amid increasing regulatory attention to global trade from the U.S. Customs and international authorities. Blockticity’s digital COAs include metadata and verification features, replacing traditional PDF certificates with formats that support automation and auditability.
The COAs are built to comply with ASTM blockchain standards (D8558) and meet documentation requirements set by regulatory bodies such as the U.S. Customs and Border Protection (CBP) and the European Union Deforestation Regulation (EUDR). The platform is designed to support cross-border compliance through tamper-evident records.
Blockticity’s transition to a dedicated Avalanche Layer 1 network provides benefits such as validator-based security, predictable gas fees, and stablecoin compatibility. These features are intended to support enterprise-scale adoption of blockchain-based trade documentation with reduced operational complexity and faster transaction settlement.
Image: Freepik
Read the full article here
