The TapestryX protocol reviewed by the Government Blockchain Association (GBA)

by Arthur · June 11, 2023

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Washington, DC, June 12, 2023 – (ACN Newswire) – TapestryX (a layer one blockchain solution, has earned the honorable distinction of being rated as a trusted blockchain solution for banking, financial services and other industries. The Government Blockchain Association (GBA) conducted the evaluation using the highly regarded Blockchain Maturity Model (BMM) and the Banking & Financial Services Supplement.

The comprehensive assessment involved a team of recognized industry experts, including government chief information officers, technology specialists, legal and regulatory professionals and banking experts. Over the course of several days, the team thoroughly analyzed 11 elements of the BMM and 22 additional requirements in the Banking and Finance Addendum to assess TapestryX’s suitability for the demanding needs of the banking and finance sector.

During the rigorous BMM assessment, TapestryX demonstrated its suitability for the banking and finance industry by validating, settling and reconciling high-volume transactions in real time. In addition, the solution integrates accounting functionality into its layer one blockchain that can be configured to comply with Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).

Gerard Dache, CEO of the Government Blockchain Association, said: “Of all the blockchain solutions we evaluated, TapestryX is the only layer one solution that meets the high-frequency transaction requirements, future-dated transaction requirements and all the accounting requirements of the banking and financial services industry.”

The official recognition of TapestryX as a Trusted Blockchain Solution will take place at the prestigious Blockchain & Infrastructure Conference in Washington, DC, 28-29. September 2023.

About TapestryX

TapestryX is a layer one blockchain solution that provides secure and efficient transaction validation, settlement and reconciliation for banking, financial services and other industries. With its innovative approach and ability to integrate accounting principles, TapestryX offers a reliable blockchain solution that meets the demanding requirements of high-frequency transactions.

For more information about TapestryX, please visit their official website at or contact Paul F. Dowding, Chief Design Officer at L4S Corp., the company behind TapestryX, through his LinkedIn profile at www.linkedin.com/in/paulfdowding.

About the Government Blockchain Association (GBA):

The Government Blockchain Association (GBA) is an international non-profit association that focuses on using blockchain technology to solve problems for governments and public enterprises. GBA provides standards, education and networking opportunities to facilitate the understanding and implementation of blockchain solutions across various industries.

To learn more about the Blockchain Maturity Model (BMM) and the blockchain solution assessment process, visit or email [email protected].

Media contact:
Steve Henley, BMM Program Manager
Email: [email protected]

Source: Plato Data Intelligence3: https://platodata.io

Source: GBA

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