ChainLink has secured two major security authentications using Oracle Network, which achieves ISO 27001 and SOC 2 Type 1 certification.
summary
- ChainLink has achieved ISO 27001 and SOC 2 Type 1 compliance certification.
- Milestone means that the security standards for chain links are in compliance with international standards.
The ChainLink (LINK) team announced their milestones through a blog post on August 21st. This development has announced the first certified data and interoperability Oracle platform for ISO 27001 and SOC 2 Type 1.
The assessment was based on certification standards established by the American Association of Certified Public Accountants and implemented by the accounting firm Deloitte & Touche LLP.
What does this mean?
The certification highlights ChainLink’s position as a leading provider of enterprise-grade infrastructure, with traction in real-world use cases of the platform being important across the industry.
Both SOC 2 compliance and ISO 27001 average the Chainlink protocol in terms of due diligence and security measures. The certification shows that ChainLink’s security and operational controls protect both the platform and its clients or users.
According to details, ChainLink Shared is an assessment that helps you achieve compliance focused on the platform’s core products and solutions, ChainLink data feed and cross-chain interoperability protocols.
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Chain Link Market Growth
ChainLink has recently progressed beyond interoperability as a top blockchain platform, helping the solution secure 68% of the total market value and supports hundreds of protocols.
The protocol recently surpassed $93 billion in television and introduced state pricing for assets traded on decentralized exchanges, data streams for stocks, funds traded on exchanges and link reserves.
Top cryptographic platforms and Defi protocols that leverage ChainLink include AAVE, GMX, Compounds, Ether.fi, and Pendle. Global financial institutions, banks and asset managers also integrate ChainLink’s interoperability standards with CCIP. Includes Swift, UBS, ANZ Bank and SBI Digital.
“By implementing these certifications, financial institutions can feel even more confident in unlocking ChainLink Standards and Oracle Services to unlock secure, compliant, advanced use cases such as delivery and payment (DVP) payments, stubrecoin services, and on-chain data distribution,” writes ChainLink.
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