Chainlink has secured two key security certifications with the oracle network reaching ISO 27001 and SOC 2 Form 1 attestation.
- Chainlink has executed ISO 27001 and SOC 2 Form 1 compliance certification.
- The milestones imply Chainlink’s security well-liked complies with world standards.
The Chainlink (LINK) crew announced the milestone by technique of a weblog post on Aug. 21, noting the arrive makes it the principle recordsdata and interoperability oracle platform to develop into ISO 27001 and SOC 2 Form 1 certified.
Assessment used to be in preserving with the attestation standards established by the American Institute of Licensed Public Accountants and carried out by the accounting firm Deloitte & Touche LLP.
What does this imply?
The certifications underscore Chainlink’s goal as a number one provider of enterprise-grade infrastructure, with the platform’s traction in precise-world exhaust situations critical at some stage in the industry.
Both SOC 2 compliance and ISO 27001 imply Chainlink’s protocol, from a due diligence and safety features point of see, complies with world standards. The certifications be conscious that Chainlink’s security and operational controls each and each give protection to the platform and its potentialities or customers.
In response to special aspects Chainlink shared, the assessments that helped it fabricate compliance enraged by the platform’s core merchandise and solutions: Chainlink Knowledge Feeds and Incorrect-Chain Interoperability Protocol.
Chainlink market development
Chainlink, whose solutions comprise helped energy 68% of the market’s total price secured and which supports a entire bunch of protocols, has no longer too long ago made strides as a top blockchain platform previous interoperability.
The protocol no longer too long ago surpassed $93 billion in TVS and introduced deliver pricing for decentralized alternate-traded assets, Knowledge Streams for equities and alternate-traded funds and LINK reserve.
Top crypto platforms and DeFi protocols that faucet into Chainlink comprise Aave, GMX, Compound, Ether.fi, and Pendle. World financial institutions, banks, and asset managers comprise also built-in Chainlink’s interoperability well-liked, which is powered by CCIP. They comprise Swift, UBS, ANZ Financial institution, and SBI Digital.
“With these certifications in goal, financial institutions can now feel mighty extra assured in utilizing Chainlink standards and oracle services and products to liberate stepped forward exhaust situations onchain that are stable and compliant, corresponding to Shipping vs. Price (DvP) settlement, stablecoin servicing, onchain recordsdata distribution, and much extra,” Chainlink wrote.
