Any intra community Vault transaction is governed by self governance protocols of the Open Constitution network.
”Blockchain Pending” is one of the transaction statuses recording a commercial exchange of credits.
It depicts that the event is yet to be registered on the open source, electronic ledger registry of Open Constitution.
Inter-Vault transactions are effectively an event between two members of the Foundation, governed by articles prescribed and adopted by Treasury Council (Open Council).
Foundation uses technical design principles of a blockchain database solution for recording these events. The purpose here is to maintain the Open Treasury protocols, benchmarked for Open Finance.