Chainlink has secured two key safety certifications with the oracle community reaching ISO 27001 and SOC 2 Kind 1 attestation.
Abstract
- Chainlink has achieved ISO 27001 and SOC 2 Kind 1 compliance certification.
- The milestones imply Chainlink’s safety customary complies with worldwide requirements.
The Chainlink (LINK) crew introduced the milestone by way of a weblog publish on Aug. 21, noting the event makes it the primary knowledge and interoperability oracle platform to turn into ISO 27001 and SOC 2 Kind 1 licensed.
Evaluation was primarily based on the attestation requirements established by the American Institute of Licensed Public Accountants and carried out by the accounting agency Deloitte & Touche LLP.
What does this imply?
The certifications underscore Chainlink’s place as a number one supplier of enterprise-grade infrastructure, with the platform’s traction in real-world use instances vital throughout the trade.
Each SOC 2 compliance and ISO 27001 imply Chainlink’s protocol, from a due diligence and safety measures standpoint, complies with worldwide requirements. The certifications point out that Chainlink’s safety and operational controls each shield the platform and its purchasers or customers.
In accordance with particulars Chainlink shared, the assessments that helped it obtain compliance targeted on the platform’s core merchandise and options: Chainlink Knowledge Feeds and Cross-Chain Interoperability Protocol.
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Chainlink market progress
Chainlink, whose options have helped energy 68% of the market’s whole worth secured and which helps lots of of protocols, has lately made strides as a prime blockchain platform past interoperability.
The protocol lately surpassed $93 billion in TVS and launched state pricing for decentralized exchange-traded belongings, Knowledge Streams for equities and exchange-traded funds and LINK reserve.
Prime crypto platforms and DeFi protocols that faucet into Chainlink embody Aave, GMX, Compound, Ether.fi, and Pendle. World monetary establishments, banks, and asset managers have additionally built-in Chainlink’s interoperability customary, which is powered by CCIP. They embody Swift, UBS, ANZ Financial institution, and SBI Digital.
“With these certifications in place, monetary establishments can now really feel much more assured in using Chainlink requirements and oracle providers to unlock superior use instances onchain which might be safe and compliant, akin to Supply vs. Fee (DvP) settlement, stablecoin servicing, onchain knowledge distribution, and far more,” Chainlink wrote.
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