RegTech Evolution: The TrustChain

Abstract

Integrity is a lifelong duty. Credit is not only given to natural persons but also to corporate citizens. In this work, we propose a blockchain-based RegTech system which helps to track the credit of organizations. The creditability of tender entity, participants and subcontractors altogether comprise the long-lasting undeniable TrustChain. The framework is scalable to all elements deemed necessary to corporate score card and referral to the developing RegTech. We expect the consistency and honesty of corporate citizens lay the foundation of a Trust society.