The VeritasChain Standards Organization (VSO) has officially launched the VeritasChain Protocol (VCP) v1.0, an open-source cryptographic auditing protocol which is crazy modern and is going to help immensely in putting back the trust that existed in the past in AI-driven and algorithmic trading. VCP substitutes typical log servers with a tamper-proof and transparent chain of cryptographic evidence which enables the stakeholders such as regulators, brokers, exchanges, and trading firms to go from trust-based monitoring to verification-based supervision. VCP records all the trading activities right from the generation of AI signals and risk assessment to the final execution complete with unalterable logs and accurate handling of numbers. Its architecture uses hash chains, Merkle trees, digital signatures, and time ordered identifiers to detect any tampering immediately. Three implementation tiers, Platinum, Gold, and…
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