Who Verifies the Verifier?
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Last week I was going through how TokenTable handles vesting schedules. Looked clean — smart contracts, attestations,a full audit trail.
Then I paused.
TokenTable issues the attestation about who is eligible to recieve tokens. Sign Protocol executes that attestation. Both are the same company. So the same organization decides who qualifies — and then confirms the decision is correct.
This isnt abuse. TokenTable processed $4B+ in token distributions for 200+ projects, $15M real revenue in 2024 — the system works and clients trust it. But a "decentralized protocol" where the verifier and the executor are the same structure — thats centralization with good branding.
Sign attestations are proof. But proof is only worth as much as the trust placed in whoever issues it.
Traditional finance solves this with independant audits. Blockchain solves it with reputation — for now.
Whether thats enough when the contracts involve UAE or Thailand goverment infrastructure, I genuinely dont have an answer.