Distributed computer network io.net has secured SOC 2 compliance certification as it bridges the gap between web3 infrastructure and enterprise requirements.
Auditor-issued certification, which is widely considered the gold standard in data security, will help io.net better serve institutional customers who require stringent security measures.
Enterprise-grade security meets Web3
for decentralized networks Organizational security compliance has long been a barrier. SOC 2 certification is seen as the obvious solution. Although, because such certification involves a forensic assessment of an organization’s security controls and operational transparency. As a result, such certifications are certainly not widespread at web3 yet, a fact that allows traditional centralized service providers to point to their own SOC 2 bonafides as a key differentiator when competing for enterprise contracts.
By receiving this certification, io.net says it has validated its ability to protect corporate data. This ensures protection against breaches and unauthorized access.
“Achieving SOC 2 compliance validates the work we do behind the scenes from day one to ensure our systems are secure and meet strict data integrity standards,” commented Gaurav Sharma, CTO of io.net.
“While this certification benefits all io.net users, it will be especially beneficial to organizations that have an obligation to partner with organizations that uphold the highest standards of data protection and compliance.”
With the development of AI and ML applications continuing to drive demand for high-performance computing resources, io.net allows users to rent out their unused hardware. in a strong position Last year the company Raised $30 million The Series A funding round was led by Hack VC, winning investment from leading VCs such as Solana Labs, OKX Ventures, and Multicoin Capital.
io.net’s approach provides the processing power needed for AI development, but also offers a more flexible and cost-effective model for traditional cloud services. DePIN’s ability to harness enormous computing power while maintaining enterprise-grade security may prove especially attractive to organizations aiming to build power-intensive AI solutions. Includes Large Language Model (LLM)
In the past few years Several blockchain projects have worked to achieve compliance certification. They are prepared for an influx of institutional interest. For example, many exchanges enforce KYC/AML regulations to protect users and prevent money laundering. Chainstack, Web3 Addressable marketing company and infrastructure provider are also certified. SOC 2 as well in order to gain the trust of corporate customers.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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