Validation Cloud Successfully Completes SOC 2 Type I Audit
Zug, Switzerland, October 3rd, 2023, Chainwire – Validation Cloud, the leading provider of Web3 infrastructure, is pleased to announce the successful completion of its System and Organization Controls (SOC) 2 Type I audit. This audit, conducted by Sensiba LLP (Sensiba), reaffirms Validation Cloud’s commitment to delivering top-notch security, availability, and confidentiality for its users and partners, as well as bringing enterprise-grade infrastructure to the Web3 industry.
Validation Cloud has always been at the forefront of providing Web3 capabilities to commercial enterprises. Recognizing the significance of process controls and compliance in traditional companies, SOC 2 compliance has been a core priority for Validation Cloud. This sets them apart from most other Web3 companies, as only a small fraction of them are SOC 2 compliant.
According to Validation Cloud’s CTO Andrew McFarlane, their focus is on delivering an exceptional customer experience. The company takes pride in being one of the few SOC 2 compliant node API and staking infrastructure providers. They offer highly performant, reliable, and secure Web3 connectivity.
The Importance of SOC 2 in Web3
- Matching Web2 Standards: In order to attract traditional enterprises to Web3, the industry must meet the performance and standards set by Web2.
- Data Privacy and Security: The promise of decentralized ecosystems and applications relies on ensuring data privacy and security.
SOC 2 compliance is essential for enterprise Web2 procurement because security and compliance are prerequisites for servicing reputable companies. If Web3 applications want to compete in the broader marketplace alongside Web2 companies, they need service providers that meet similar standards. Validation Cloud’s approach aligns with Web2 standards while offering the unique aspects of Web3, making it an ideal choice for both types of enterprises.
In addition to meeting the needs of traditional companies, there is a growing demand for security within the Web3 ecosystem. Security plays a crucial role in establishing trust and confidence in Web3 applications among individuals and organizations. With over $5 billion lost in DeFi hacks between 2016 and 2022, there is significant anxiety surrounding Web3 technologies. Validation Cloud addresses these concerns by implementing an extensive suite of controls and protocols that are continuously monitored 24/7.
Navigate Web3 Responsibly with Validation Cloud
Validation Cloud offers an enterprise-grade and SOC 2-compliant platform, allowing you to navigate Web3 with confidence. To learn more about Validation Cloud, its cutting-edge offerings, and its platform, visit validationcloud.io.
About Validation Cloud
Validation Cloud is a leading Web3 data streaming and infrastructure company based in Zug, Switzerland. Their fast, scalable, and intelligent platform enables organizations to connect to Web3 seamlessly. The company specializes in staking, node services, and data-as-a-service products that are highly performant and customizable.
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Contact
Kelly Clark
[email protected]
Hot Take: Validation Cloud Sets the Bar for Web3 Security and Compliance
Validation Cloud’s successful completion of the SOC 2 Type I audit highlights their dedication to providing a secure and compliant Web3 infrastructure. By prioritizing process controls and compliance, Validation Cloud not only matches the standards set by Web2 but also ensures data privacy and security in decentralized ecosystems. With the increasing concerns surrounding security in Web3, Validation Cloud’s comprehensive suite of controls and protocols offers peace of mind to individuals and organizations alike.
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