It is a scuba industry standard. The DOT only requires a Visual Inspection at requalification (with the hydro test).
It still makes some sense given that scuba tanks are used around water, but it made a great deal of sense 30-40 years ago when compressors were not generally as well maintained as they are today, creating much more potential for excess moisture in the air that would accelelrate rust and corroison in scuba tanks. Realistically, an annual VIP is probably over kill in most places given current industry air/compressor standards and fill practices.
6351 T-6 aluminum alloy tanks from 2000 until recently had a manufacturer imposed requirement for an Visual plus / eddy current inspection for sustained load cracks every 18 months, which practically speaking meant every 12 months in the scuba industry. The DOT, after 7 years of research and data collection, recently adopted a requirement that the Visual plus / eddy current inspection be done at requalification (what people commonly call the hydro test even though the hydro test is only part of the requalification process). However, I see no end to annual visual plus / eddy current inspections by dive shops as it has again become an industry standard in addition to a revenue source.
Rules often have a habit of being created for valid reasons but then persist long after the original reasons are no longer valid.