The blockchain technology company Blockticity has launched a dedicated blockchain for asset verification based on Avalanche, involving total assets of 1.2 billion dollars

2025-06-11 21:59:32

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ChainCatcher news, according to Decrypt, blockchain technology company Blockticity announced that its Layer 1 dedicated blockchain developed on the Avalanche network has officially launched. This chain is primarily used for the verification of global trade documents and has currently migrated 45,000 certificates of authenticity (COA), with plans to mint 700,000 new COAs, involving a total asset value of over $1.2 billion.

The platform employs tamper-proof technology to upgrade traditional PDF documents into programmable AI-supported files to meet compliance requirements from agencies such as U.S. Customs and the European Union. Blockticity stated that the predictable gas fees and stablecoin interoperability features of the Avalanche network can significantly reduce friction in enterprise applications and enhance settlement efficiency.

It is reported that Blockticity is the first technology company to participate in the formulation of the international standard for blockchain supply chain verification ASTM D8558, with its services covering the verification of strategic commodity trades such as coffee and medical supplies.

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