VaaSBlock FAQs
What is VaaSBlock and how does it support blockchain Organizations?
VaaSBlock is a leading provider of blockchain credibility and verification services, founded to address the critical issue of trust in the blockchain industry. With a history of scams and fraudulent activities tarnishing the sector’s reputation, there was a clear need for a service that could help prove the legitimacy and professionalism of a blockchain organization.
VaaSBlock meets this need through the RMA™ certification, a rigorous standard that exhibits an organization’s adherence to industry best practices and high levels of integrity. By verifying and highlighting the security, professionalism, and reliability of blockchain projects, VaaSBlock helps these organizations to attract investors, partners, and users more effectively.
Our services support any entity within the blockchain ecosystem, from emerging startups to well-established firms, ensuring that credibility is not just claimed, but demonstrated and recognized.
How does VaaSBlock differentiate itself from other blockchain actors?
VaaSBlock differentiates from other verification services by conducting comprehensive, annual reviews, assessing various dimensions of blockchain organizations beyond just technical details. Our RMA™ certification provides a holistic approach, ensuring a broad-based evaluation of integrity and professionalism, which goes further than the specialized focus of say a smart contract auditor.
While entities like smart contract auditors are essential for identifying code vulnerabilities, VaaSBlock enhances these technical assessments by requiring proof of audits from reputable firms and verification of implemented changes. This ensures that our certification reflects a thorough understanding of both the technical safety and the broader operational standards of the organizations we evaluate. It is important to note that as VaaSBlock and RMA covers all web3 business if an audit isn’t reauired for the product or service ofcourse this isn’t a requirement.
VaaSBlock stands apart from many verification efforts in Web3.0, which are often driven by short-term objectives and potential conflicts of interest, such as profit-driven exchange due diligence or pay-for-play journalism. We maintain an unbiased stance, committed to transparent and reliable evaluations, designed to offer a more thorough understanding of an organization’s operations and to uphold high standards of transparency and accountability throughout the year.
Our certification aims to minimize the likelihood of regulatory issues for blockchain projects by ensuring they meet high operational standards. This approach indirectly supports projects by making them less susceptible to fines or government intervention, enhancing investor confidence through adherence to stringent criteria. However, it’s important to note that while the RMA™ reduces certain risks, it doesn’t completely eliminate the possibility of regulatory challenges.
This strategy not only supports legitimate blockchain projects in distinguishing themselves but also equips them to attract investment, partnerships, and user engagement more effectively.
How does VaaSBlock use blockchain technology?
The RMA™ badge is tokenized to leverage the inherent benefits of blockchain technology, which provides enhanced security, transparency, and verifiability. Here are the key advantages of tokenizing the RMA™ badge: Immutable Verification: Once an RMA™ badge is tokenized and recorded on the blockchain, it becomes immutable. This means the badge’s details cannot be altered, ensuring the integrity of the certification remains intact over time.
Ease of Verification: Stakeholders can easily verify the authenticity of a badge through the blockchain. By using a simple QR code scan, anyone can check the details of the badge against what is stored on the blockchain, ensuring it matches the claims made by the organization.
Decentralized Security: Tokenization removes the need for a central authority to verify the badges. Blockchain’s decentralized nature means that the data is spread across multiple nodes, making it nearly impossible to tamper with, thus enhancing the security of the certification.
Global Accessibility: With the badge stored on the blockchain, it can be accessed and verified from anywhere in the world. This global accessibility makes it easier for international stakeholders to trust and verify the credentials of an organization.
How does VaaSBlock protect organizations’ data?
VaaSBlock rigorously protects organizational data during RMA audits through strict access controls, limiting exposure to a minimal number of authorized personnel. We adhere to data minimization principles, collecting only necessary information to effectively mitigate risks. Every audit is supported by a Non-Disclosure Agreement, ensuring that all confidential data is handled with discretion and used strictly within the agreed parameters
Furthermore, VaaSBlock never publishes an audit report without prior consent from the organization, secured through an additional legal document. This policy is particularly important when a VC or an exchange requests a briefing on a project that has earned the badge and the organization agrees to share its findings. By never publishing data unilaterally, organizations can be confident that, should they fail to obtain the RMA, the details of their audit will remain confidential and unpublished
VaaSBlock continually refines its data collection methods to enhance security and efficiency, adhering to all relevant data protection laws to exceed statutory requirements. These comprehensive measures maintain the integrity and confidentiality of client data, reinforcing our role as a trusted partner in the blockchain verification space.
What payment methods are accepted by VaaSBlock?
VaaSBlock primarily accepts payments in USDT due to its stability and convenience. We also accept fiat currencies, with a preference for USD or AUD. Other cryptocurrencies may be accepted in certain circumstances, based on specific agreements.