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io.net achieves SOC 2 compliance to improve data security

In this post:

  • io.net revealed it achieved SOC 2 compliance.
  • The firm also highlighted that the certification validated io.net’s ability to protect enterprise data.
  • io.net’s CTO, Gaurav Sharma, said that SOC compliance will help enterprises partner with organisations that maintain compliance.

io.net announced that it had achieved System and Organization Controls (SOC) Type 2 compliance. The decentralized GPU computer network also revealed that SOC 2 compliance will help deliver enterprise-grade security and operational transparency.

The company believes the certification aligns with its vision of delivering secure and scalable decentralized GPU compute solutions. Tory Green, the firm’s CEO said that io.net wanted to build a business that can compete with the likes of AWS, GCP, and Azure.

io.net relies on SOC 2 compliance for security

io.net acknowledged that the SOC 2 security capabilities will help the firm become a trusted partner for businesses adopting decentralized infrastructure. 

The Internet of GPUs highlighted that SOC 2 compliance is a gold standard for data security. The firm believes that incorporating SOC 2 will certify that io.net met rigorous criteria for safeguarding sensitive information. io.net also revealed that the certification validated its ability to protect enterprise data through robust security controls, standardized processes, and auditable transparency.

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The decentralized GPU network said that the certification will help to build trust with enterprises that seek solutions that align with stringent compliance requirements. SOC 2 will also establish safeguards for sensitive data, according to io.net, which will ensure protection against breaches and unauthorized access. The firm also highlighted that SOC 2 will align io.net’s infrastructure with regulatory requirements across global markets.

“Achieving SOC 2 compliance validates the work we’ve been doing behind the scenes from day one to ensure our systems are secure and that rigorous data integrity standards are in place.”

-Gaurav Sharma, CTO of io.net.

Sharma also said that the certification will benefit all io.net users and other regulatory compliant enterprises. He specified that the SOC 2 compliance will be of particular interest to enterprises that are duty bound to partner with organizations that maintain the highest standards of data protection and compliance.

The computing company maintained that SOC compliance aligned with io.net’s vision of delivering GPU compute solutions that are both secure and scalable. The internet of GPUs also highlighted that the certification set the stage for its future growth. According to io.net, SOC 2 will enable it to expand its offerings and meet the needs of enterprises in regulated industries. 

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io.net also revealed that the certification enhanced its ability to compete on a global scale by demonstrating adherence to industry-leading standards.

SOC 2 compliance aligns with io.net’s future plans

io.net’s CEO Tory Green disclosed that the firm developed the world’s first platform capable of creating decentralized compute clusters and also built a global network of GPUs. Green is confident that achieving the SOC 2 compliance will establish io.net as a market leader in distributed compute. 

The firm’s CEO also disclosed that decentralized compute has the potential to be a multi-billion-dollar industry, and hopes io.net will capture a significant share of that value. 

Green also disclosed that io.net is focused on the long-term due to the potential of decentralized compute. He said that the rise of AI had increased the demand for computing power and requirements for machine and deep learning doubled every 3.4 months. Green also mentioned that the cost of training large-scale AI models increased by 3100% per year.

According to Green, the decentralized compute industry is in its early stages and represents 1% of the overall market. io.net’s CEO also acknowledged that there’s an opportunity to capture a good share of the $2.5 billion-dollar cloud computing industry. 

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