Establishing Trust in Algorithmic Trading Through Transparency and Accountability
VeritasChain Standards Organization (VSO) was established to promote transparency, fairness, and security in algorithmic trading across global financial markets, guided by our mission: "Encoding Trust in the Algorithmic Age."
At the core of our work is the development, maintenance, and promotion of the VeritasChain Protocol (VCP) standard. To fulfill this critical role, VSO's operations must be rooted in independence, neutrality, and transparency. This statement clarifies our commitment to these fundamental principles and outlines important policies regarding the VC-Certified scheme.
VSO operates as a neutral standards organization. Its operating base is provided by VeritasChain Co., Ltd.; VSO's neutrality is secured by the published mechanisms described on this page rather than by legal form.
VSO does not work for the benefit of any specific technology vendor, financial institution, trading platform, or national interest. VCP specifications are never designed to favor particular products or services (eliminating vendor lock-in), prioritizing the interests of all market participants and the health of the financial ecosystem as a whole.
VSO's governance structure and technical committees are composed of financial industry practitioners, regulatory compliance experts, academic researchers, and independent technical specialists. Decision-making processes are transparent and based on consensus that is open to all stakeholders.
VSO's operating base is provided by VeritasChain Co., Ltd., a Japanese kabushiki kaisha. VSO does not describe itself as a non-profit organization. Its neutrality rests on published mechanisms — specifications under CC BY 4.0, conformity assessment by accredited Conformity Assessment Bodies, and the non-endorsement policy in Section 3 — not on legal form.
VSO's revenue is derived from sustainable activities such as:
All revenue is reinvested in the development, maintenance, and promotion of the VCP standard.
VSO's operating base is provided by VeritasChain Co., Ltd., a stock company (kabushiki kaisha). VSO's neutrality therefore rests on the published mechanisms described on this page, not on its corporate form.
Certification Does Not Imply Endorsement
"VC-Certified" is proof of technical compliance, not a product or service recommendation.
The "VC-Certified" badge, issued by VSO-accredited Conformity Assessment Bodies (CABs), certifies that a system or algorithm meets the technical requirements defined in the applicable version of the VCP Specification (current: v1.2), including:
Certification does not guarantee or recommend the following:
VSO does not commercially recommend or promote products or services that have obtained VC-Certified badges. Users must properly understand the scope of certification and select/use products at their own responsibility.
VSO board members, technical committee members, and certification auditors are required to disclose potential conflicts of interest (employment relationships with financial institutions, stock holdings, consulting contracts, etc.) in advance and are excluded from deliberations and votes on relevant cases.
VSO does not establish direct commercial relationships (e.g., consulting, joint development, marketing partnerships) with applicant companies beyond certification program review fees.
VCP specifications are published under CC BY 4.0. Reference code that VSO publishes on GitHub (for example vcp-sdk-spec and vcp-explorer-api, Apache 2.0) carries the open-source license stated in each repository. SDK source code and an automated conformance test suite have not yet been published. Anyone can freely access, implement, and propose improvements to the published materials.
VSO publishes annual financial reports and activity reports, transparently disclosing revenue usage, certification program statistics, and progress in standardization activities.
VSO's independence, structural neutrality, and non-endorsement principles are not mere ideals, but practical foundations for building "trust" in financial markets of the algorithmic age.
Under the name "Veritas" (truth), we commit to balancing technical rigor with ethical integrity, creating a fair and transparent environment for all market participants.
This statement is VSO's code of conduct and our pledge to all stakeholders.
Contact: info@veritaschain.org