These days, blockchain providers find themselves in an interesting position—you have a revolutionary service to offer, but the market is still coming around to it. You need a way to validate your product so they will. Luckily, there is something you can do—you can take the initiative to acquire a SOC report.
Do you remember the children’s game Telephone? The one where we passed a message from the creator to an endpoint, relying on others within the game to get the message to the finish line completely intact?
Picture this: you’ve just finished a race.
The great philosopher Plato said, “a good decision is based on knowledge and not on numbers.” With all due respect to Plato, he did not have to pay for compliance assessments in ancient Greece. But of course, he’s not all wrong—not even when it comes to compliance—you do need knowledge to proceed towards your end goal of a completed report and successful audit. If you’re someone who is considering a SOC 2 audit, be it due to customer request or just because, you may already understand that this examination will evaluate your product or service on a more operational and security-oriented level.