Distributed computing network io.net has achieved SOC 2 compliance certification, aiming to bridge the divide between web3 infrastructure and enterprise needs. Recognized as the benchmark for data security, this certification from an auditor will allow io.net to better cater to institutional clients demanding high-security protocols. Enterprise-Level Security Embraces Web3 For decentralized networks, reaching the security standards required by enterprises has been a persistent challenge. Although SOC 2 certification is seen as an obvious answer, it involves a detailed examination of an organization's security practices and operational transparency, making it less common in the web3 space. This scarcity has allowed traditional centralized providers to highlight their SOC 2 credentials as a major advantage when vying for enterprise contracts. By obtaining this certification, io.net asserts that it has demonstrated its capacity to safeguard enterprise data, ensuring protection against breaches and unauthorized access. “Achieving SOC 2 compliance confirms the efforts we have been putting in from the beginning to keep our systems secure and uphold rigorous data integrity standards,” stated Gaurav Sharma, CTO of io.net. “While this certification benefits all io.net users, it is particularly significant for enterprises that are obligated to collaborate with partners adhering to the highest data protection and compliance standards.” As the development of AI and ML applications continues to fuel the need for high-performance computing resources, io.net – which enables users to rent out their unused hardware – is well-positioned. Last year, the company secured $30 million in a Series A funding round led by Hack VC, attracting investment from prominent VCs like Solana Labs, OKX Ventures, and Multicoin Capital. io.net’s strategy not only delivers the critical computing power needed for AI development but also offers a more adaptable and potentially cost-efficient alternative to traditional cloud services. The DePIN’s capability to leverage extensive processing power while maintaining enterprise-level security could be especially appealing to organizations looking to develop energy-intensive AI technologies, including Large Language Models (LLMs). In recent years, numerous blockchain projects have been working towards achieving compliance certification, preparing themselves for growing institutional interest. Many exchanges, for example, now implement KYC/AML regulations to protect users and deter money laundering. Web3 marketing firm Addressable and infrastructure provider Chainstack have also achieved SOC 2 certification in efforts to build trust with enterprise-level clients. 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.
