PRESS RELEASE
Posted on April 25, 2023
Las Vegas- AXES.ai's land management platform has become the first blockchain solution in history to be independently assessed and rated by the Government Blockchain Association (GBA) in accordance with the Blockchain Maturity Model (BMM).
“Why would a management system need a blockchain? Because according to the US Financial Action Task Force (FATF), these are high risk areas for money laundering and terrorist financing,” said Gérard Dache, Executive Director of GBA. “Regulators around the world need to be confident that financial and compliance reports have not been tampered with or altered. By writing data to a blockchain, regulators can be sure that reports have not been altered.
"That's why AXES.ai created a cloud platform and solution for its customers. But it was not enough to just tell their customers that they were using blockchain. Unfortunately, there are many misrepresentations regarding the blockchain solutions. AXES.ai has submitted its solution to the GBA for formal rating. After extensive evaluation by a team of world-class experts, using GBA's globally accepted model, it has been approved,” concluded Mr. Dache.
The GBA assessment framework, called the Blockchain Maturity Model (BMM), examines a blockchain solution from eleven distinct perspectives that are necessary for a blockchain solution to be reliable. BMM is a technology-agnostic model that uses assessment methodology, training resources, and a suite of tools to improve solutions, ensuring those solutions are reliable. It gives confidence to investors, customers, and acquisition managers that the blockchain solutions being evaluated are beyond reproach.
Organizations become trusted blockchain solutions through the BMM.
For more information, visit https://gbaglobal.org/blockchain-maturity-model or attend GBA's Future of Money Governance of Law Conference May 24-25 in Washington DC. Details are at https://gbaglobal.org/FOMGL
About the Government Blockchain Association (GBA)
The GBA is a global not-for-profit business community with public sector members in over 500 government offices around the world and private sector professionals in over 50 working groups. Members of the public and private sectors work together to use blockchain and related technologies to solve public sector challenges. For more information about the GBA, visit www.GBAglobal.org.
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