io.net confirmed that it has achieved Service Organization Control 2 (SOC 2) compliance.
io.net seeks to provide decentralized GPU compute solutions and the certification will help.
IO token ranks among the top 20 DePIN protocols with a market cap of $389 million.
io.net (IO), one of the prominent decentralized physical infrastructure network (DePIN) protocols in the crypto market, has announced achieving Service Organization Control 2 (SOC 2) compliance. This basically means that the company has undergone a thorough check and audit and established itself as a blockchain protocol that can be trusted by crypto market participants.
According to a press release shared with Coinspeaker, this initiative is part of io.net’s “commitment to delivering enterprise-grade security and operational transparency.” According to Gaurav Sharma, the technology chief of io.net, securing the SOC 2 compliance puts the protocol at substantial interest to enterprises. The executive added:
“Achieving SOC 2 compliance validates the work we’ve been doing behind the scenes from day one to ensure our systems are secure and that rigorous data integrity standards are in place. While this certification benefits all io.net users, it will be of particular interest to enterprises that are duty bound to partner with organizations that maintain the highest standards of data protection and compliance.”
io.net Achieves Gold Standard of Security
SOC 2 can be best described as the gold standard of data security. Achieving it puts a firm at a significant advantage, sending a message to potential collaborators as well as investors. The SOC 2 certification also validates io.net’s “robust security controls, standardized processes, and auditable transparency.”
SOC 2 certification also establishes significant security for data belonging to enterprises and also provides defense against exploits, hacks, and breaches. io.net has a vision of providing decentralized GPU compute solutions, and the certification has set the path for the protocol’s future growth and expansion.
The certification can also be called a strong selling point for investors that io.net has achieved. As a result, the company will be able to operate on a global scale, competing with industry-leading security standards.
With a market cap of $389 million, IO is showing strong signs of growth. The cryptocurrency also printed a new all-time high of $6.44 during the beginning of the rally, around seven months ago. At the time of writing, the altcoin is trading at $2.89, down 35.86% in the past year and 55.12% from the all-time high.
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A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.