Covalent Network (CQT) has successfully completed a rigorous Service Organization Control (SOC) 2 Type II compliance audit, conducted by a highly reputable organization in the industry. This further demonstrates the firm commitment of the Covalent Network (CQT) team to adhere to the strictest AICPA Trust Service Criteria, encompassing security, confidentiality, availability, and privacy.
The Covalent Network (CQT) team is cryptographically protected from over 215 blocks The security of the chain's structured data set plays a vital role in supporting 2.4 billion Web3 wallets. This structured data is critical for artificial intelligence and machine learning, ensuring data accessibility for training large language models.
Adrian Jonklaas, CFO and COO of Covalent Network (CQT) said: “At Covalent Network (CQT), we don’t just view obtaining SOC 2 Type II certification as a simple check-box. It also represents our deep commitment to maintaining the highest levels of security and data privacy in our business operations. As the Web3 world evolves, our continued commitment to the highest privacy and security standards will differentiate us from our competitors. . We strive to innovate while also upholding our values and reputation for excellence.”
Why choose SOC 2 Type II certification, and what does this mean for Covalent Network (CQT) Data & AI?
SOC 2 Type II certification not only covers basic security compliance requirements, but also requires companies to demonstrate long-term effective controls. This ensures the company’s full commitment to industry-leading standards, including every interaction, data point, and transaction, aiming to provide the most comprehensive collection of data availability for DeFi and AI in the Web3 space. The importance of SOC 2 Type II certification is that it provides enterprises with a reliable way to demonstrate their commitment to data security and privacy protection, thereby enhancing the trust of customers and partners. This certification is not just a mark, but an important tool for enterprises to ensure data protection in the digital age, winning
Ganesh Swami, CEO of Covalent Network (CQT) in a highly competitive market Express pride in this achievement. He said: "We have been committed to building a reliable and trustworthy platform. Obtaining SOC 2 Type II certification validates our adherence to these principles."
The advantage of decentralized protocols is that they are transparent and cost-free characteristics of national borders, however there may be some potential loopholes in practice. Covalent Network (CQT) has demonstrated its commitment to security by achieving SOC 2 Type II certification, which demonstrates their commitment to security while leveraging the power of decentralization. As Covalent Network (CQT) continues to provide support to many companies in the fields of digital asset accounting, taxation and other fields, and has passed SOC 2 Type II certification, it will further consolidate its leading position as a Web3 compliant data provider.
Covalent Network (CQT)’s Big Data Quality Assurance for AI and Web3
Covalent Network’s (CQT) data is now SOC 2 certified, covering five Fundamental elements, each of which is a critical factor in a company's operations.
Security: Systems and data are protected from unauthorized access and disclosure.
Availability: Systems and services have continued uptime and reliability.
Confidentiality: Protect the security of confidential information.
Processing Integrity: Processing systems ensure that data is complete, accurate, timely and authorized. Customer information remains accurate throughout the entire data processing process.
Privacy: Carefully manage personal and confidential information to ensure compliance with entity policies and objectives during collection, use, retention and disposal.
By addressing these critical areas, Covalent Network (CQT) can assure its partners and users that they operate with the highest standards of trust and reliability.
Adrian added: “Covalent Network’s (CQT) process of achieving SOC 2 Type II certification is not just a compliance milestone, but a true reflection of the company’s values. In the blockchain industry, trust is crucial Importantly, this achievement demonstrates Covalent Network’s (CQT) commitment to integrity and transparency. As Covalent Network (CQT) continues to lead the development of Web3 data infrastructure, it will further promote the company’s pursuit of excellence and commitment to the long-term development of the community. .”
About Covalent Network (CQT)
Covalent Network (CQT) focuses on blockchain data availability and supports millions of users to build a new economy. Since its establishment, Covalent Network (CQT) has continued to help developers, analysts, etc. provide comprehensive, Real-time data.
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