Data security has never been more essential, and digitalization is becoming an imperative for institutions. It is in this context that Wecan and Solana announce a groundbreaking strategic partnership. Thanks to the Solana Attestation Service (SAS), they will enable institutions to secure and verify official registers such as land, commercial, and shareholder registers directly on the Solana blockchain. A decisive step towards more reliable and transparent data management.
In brief
- Wecan and Solana join forces to secure official registers via blockchain thanks to the Solana Attestation Service (SAS), an innovative solution based on trusted oracles.
- This strategic partnership positions Wecan as a key player in the digitalization of institutional data, with a flagship first use case: the on-chain land register.
- Institutions benefit from improved transparency, security, and compliance, while reducing costs and fraud risks thanks to data anchoring on Solana.
What is the Solana Attestation Service?
The Solana Attestation Service (SAS) is an innovative blockchain solution that enables institutions to digitize and secure official registers via on-chain attestations. This service relies on trusted oracles, which guarantee data integrity and ensure real-time verifiability. The SAS rollout schedule spans several months, with a progressive deployment of features.
Why did Solana choose Wecan as a Launch Partner?
Solana selected Wecan among its 8 “Launch Partners” for its recognized expertise in compliance and management of critical institutional processes. This selection highlights Solana’s trust in Wecan‘s ability to transform the management of official data on the blockchain.
With a strong institutional network, mastery of solutions based on “trusted oracles“, and proven experience in securing regulatory data, Wecan is perfectly positioned to offer reliable and scalable solutions to public and private institutions. This partnership reflects Wecan’s growing importance in the blockchain technology sector.
Flagship Use Case: The On-Chain Land Register
One of the key SAS use cases is the management of land registers on the blockchain. Thanks to the Wecan-Solana solution, governments and investors will be able to digitize land records, providing an inviolable proof of ownership and simplified transaction tracking. This digitalization ensures enhanced security and total transparency, while eliminating fraud risks.
Key Advantages for Institutions
Institutions adopting this solution will benefit from numerous advantages, including:
- Verifiable data: Registers are anchored on the blockchain, ensuring their integrity and immutability;
- Fraud reduction: Blockchain transparency and security reduce the possibilities of data manipulation;
- Cost reduction: Digitization and automation of processes help lower operational costs;
- Regulatory compliance: The solution adheres to international standards, notably GDPR, ensuring secure and compliant data management.
Next Steps & Long-Term Vision
The Wecan × Solana partnership plans to extend the solution to commercial and shareholder registers to offer a wider range of use cases. Additionally, the bridge for the WECAN token to Solana will strengthen the ecosystem, facilitating integration and adoption of the solution by sector players.
The partnership between Wecan and Solana paves the way for a revolution in the management of official registers, combining blockchain security and efficiency. Follow Wecan’s news on X and on the official website.
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