Chainlink (LINK) has achieved two important security certifications, ISO 27001 and SOC 2 Type 1, reinforcing its pioneering position in the decentralized oracle field.
With these certifications, the Chainlink ecosystem attracts institutional investors even more due to high safety and compliance standards, while asserting its leading position in data and interoperability on Blockchain.
MAIN CONTENT
Chainlink becomes the first oracle platform in Blockchain to achieve ISO 27001 and SOC 2 Type 1 certifications.
The certification enhances trust and encourages participation from institutional investors in the Chainlink ecosystem.
LINK's price increased over 40% in 2 weeks, demonstrating exceptional strength amid the cryptocurrency market correction.
What security certifications has Chainlink just achieved?
Chainlink has received ISO 27001 and SOC 2 Type 1 certifications, marking a significant advancement in cybersecurity for the network's oracle products. These are strict security and control standards that no previous data oracle and chain interaction platform in the Blockchain industry has achieved.
The certified products include data feeds, proof of reserves, NAVLink, and the Cross-Chain Interoperability Protocol (CCIP). These certifications help Chainlink assert its pioneering position in providing secure and reliable oracle services.
ISO 27001 is an international standard for information security management systems, while SOC 2 Type 1 evaluates control processes to ensure security and transparency in operations. Achieving these certifications helps Chainlink meet the stringent requirements of major financial institutions and investors.
What is the impact of certifications on the market for Chainlink?
This event is expected to boost the participation of many institutional investors in the Chainlink ecosystem, especially those with high demands for security and regulatory compliance.
With this certification, financial institutions can confidently use Chainlink's oracle services to develop complex on-chain applications, including Delivery vs Payment (DvP) transactions, stablecoin services, and secure on-chain data distribution.
Statement from Chainlink representative, 2024
Chainlink has securely processed transactions worth trillions of USD since its launch, demonstrating scale and reliability within the decentralized data ecosystem. Achieving certifications will help expand applications in traditional financial markets and DeFi (DeFi).
Safety and compliance make Chainlink a preferred choice for on-chain financial models that require high reliability and good security, increasing opportunities for collaboration and investment from major institutions.
How is the Chainlink ecosystem currently developing?
Chainlink continuously records growth with the number of active addresses reaching about 10 thousand, reflecting an increasing level of participation in the network.
The development team recently announced that they are currently holding 150,770.02 LINK in the treasury, of which more than 41,105.84 LINK have been accumulated recently, affirming strong financial resources for expansion plans.
This development not only shows strong growth potential but also demonstrates the trust of the community and investors in Chainlink's long-term development capabilities in the oracle and Blockchain fields.
Is the LINK price showing signs of preparing to reach a new all-time high (ATH)?
In the context of the cryptocurrency market adjusting due to inflation concerns in the United States, LINK is one of the few large-cap altcoins that has shown impressive growth with an increase of over 40% in the past 2 weeks, reaching around $25 (price recorded on August 21, 2024).
On the daily chart, the LINK price is set to create a new high if it can consistently close above the resistance area of $25 - $30. However, on the 4-hour frame, a double top pattern appears around the $25 mark accompanied by a bearish divergence signal from the RSI, warning of a potential short-term correction.
The fully diluted market capitalization is currently around $25 billion, affirming LINK's position among large altcoins and its strong candidacy for the next upward movements if the overall market stabilizes.
Frequently Asked Questions
What are ISO 27001 and SOC 2 Type 1 certifications?
ISO 27001 is an international standard for information security, SOC 2 Type 1 assesses system security management controls; both prove that Chainlink meets stringent security requirements.
Does Chainlink have a channel to update information about LINK reserves?
The Chainlink team regularly announces the amount of LINK reserves through official channels, helping investors monitor the transparency of the system.
Is the strong increase in LINK's price a signal that bulls are coming back?
LINK's price rose over 40% in 2 weeks, reflecting good resilience amid cryptocurrency adjustments, but technical indicators need to be monitored to assess long-term trends.
How does Chainlink help traditional financial institutions?
With major security certifications, Chainlink provides secure oracle services, supporting the development of on-chain financial applications such as payments, stablecoins, and data distribution.
Is Chainlink reliable for institutional investors?
ISO 27001 and SOC 2 Type 1 certifications, along with a history of handling large transactions, help Chainlink to be highly regarded for its reliability and safety for investors.
Source: https://tintucbitcoin.com/chainlink-dat-2-moc-bao-mat-2024/
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