SOC 2 in Web3 – The First SOC 2 Type 2 Certified Web3 Infra Provider 

In 2023, incidents of knowledge breaches, exposures, and leakages impacted over 350 million people, underscoring a vital want for strong knowledge safety measures. With this type of danger setting, prospects and customers need proof that they will belief you and your service suppliers to maintain their knowledge safe. Enter SOC 2 Type 2, an indispensable framework for enterprises dedicated to the very best knowledge safety requirements. However what precisely is SOC 2 Type 2? And why is it necessary? In at this time’s information, we’ll discover the intricacies of SOC 2 Type 2 and canopy the very best SOC 2 choices in Web3!

Are you desirous to elevate your Web3 initiatives with top-tier safety? Then you need to know that Moralis stands out as the primary and solely SOC 2 Type 2 licensed Web3 infrastructure supplier. So, if you wish to begin constructing with the {industry}’s most trusted Web3 APIs, contact us at this time or be taught extra about our dedication to knowledge safety! 

What’s SOC 2 Type 2? 

SOC 2 Type 2 – quick for ”Service Group Management 2 Type 2” – is a safety framework providing tips on how organizations ought to shield delicate knowledge from safety incidents, unauthorized entry, and different vulnerabilities. In brief, it’s the gold commonplace for knowledge safety and the operational effectiveness of a company’s safety controls over time! 

The SOC 2 Type 2 framework focuses on 5 Belief Providers Standards (TSC) developed by the American Institute of Certified Public Accountants (AICPA). Right here’s what it entails: 

• Safety: The system is safeguarded from unauthorized entry. 
• Availability: Information is offered for shoppers and workers, guaranteeing they will proceed their day by day operations.  
• Processing Integrity: System processing is full, correct, legitimate, well timed, and approved.
• Confidentiality: Delicate data is protected against unauthorized entry.  
• Privateness: Confidential private data is safeguarded from unauthorized customers. 

Throughout a SOC 2 Type 2 audit, an impartial occasion evaluates an organization’s safety measures associated to the TSC above over an prolonged interval. Every criterion has particular necessities, and the corporate implements inner controls to satisfy these requirements.

Compliance with SOC 2 Type 2 demonstrates an organization’s dedication to sustaining a excessive stage of knowledge safety and is a vital issue in establishing belief with companions, prospects, and customers. And that is typically a non-negotiable requirement for enterprises that depend on software program suppliers.

SOC 2 Type 1 vs. SOC 2 Type 2 

Whereas SOC 2 Type 2 is the gold commonplace for knowledge safety, it’s not the one framework. One other distinguished instance is SOC 2 Type 1. However what’s the distinction between the 2? Let’s discover out in the next chart:

Why Ought to You Care About SOC 2 Type 2 in Web3? 

So, why must you care about SOC 2 Type 2 in Web3? To reply this query, let’s discover the advantages of working with SOC 2 Type 2 compliant service suppliers when constructing Web3 initiatives! 

• Enhanced Safety: To earn a SOC 2 Type 2 certification, the service supplier should set up and observe strict safety insurance policies and procedures. This contains placing measures in place to guard knowledge in opposition to unauthorized customers, breaches, and different safety incidents. So, when working with a SOC 2 Type 2 licensed supplier, you will be assured that each your knowledge and your prospects’ knowledge are safeguarded.

• Reliability and Availability: The SOC 2 Type 2 framework evaluates a Web3 service supplier’s operational effectiveness over time. Which means the supplier not solely has strong safety measures in place but in addition a system that demonstrates constant efficiency. For you and your small business, that is an assurance that you would be able to proceed your operations always.

• Aggressive Benefit: By leveraging a Web3 service supplier with SOC 2 Type 2 certification, you may display your dedication to excessive requirements of reliability and safety. This could be a important aggressive benefit, particularly in industries the place belief and safety are paramount.

With an summary of SOC 2 Type 2 and why it’s necessary, let’s now discover the very best SOC 2 infra supplier in Web3! 

What are the Greatest SOC 2 Choices in Web3? 

Among the many most distinguished Web3 infrastructure suppliers, Moralis stands out as the primary and solely totally SOC 2 Type 2 compliant possibility. So, if you happen to’re on the lookout for a protected and safe crypto knowledge supplier to your Web3 initiatives, then Moralis is the best way to go! 

However what precisely does this imply for Moralis? 

Getting the SOC 2 Type 2 certification marks a big accomplishment that highlights Moralis’ dedication to safeguarding our shoppers’ data and knowledge. And the certificates isn’t solely a badge of honor but in addition a testomony to our firm’s dedication to the very best commonplace in cybersecurity. 

Because the chart above illustrates, two of our main rivals, Alchemy and QuickNode, don’t maintain SOC 2 Type 2 certificates. QuickNode is SOC 2 Type 1 compliant and obtained the certification again in 2022. Alchemy is neither SOC 2 Type 1 nor SOC 2 Type 2 licensed.

So, if you happen to’re on the lookout for the very best SOC 2 licensed infra supplier in Web3, Moralis is the go-to selection! 

How Did Moralis Grow to be the First SOC 2 Type 2 Certified Web3 Infra Supplier?

Incomes our SOC 2 Type 2 certificates implies that Moralis has undergone an intensive analysis of knowledge safety practices. Passing this course of ensures that our safety controls are designed appropriately and have been working effectively over an prolonged time interval to maintain our shopper’s knowledge protected and confidential. Primarily, the SOC 2 Type 2 certificates ensures that Moralis meets the gold commonplace in phrases of knowledge safety.

So, if you happen to want to construct dapps safer and extra securely, be certain to enroll with Moralis at this time!

Construct with a SOC 2 Type 2 Compliant Web3 Infra Supplier – Exploring Moralis’ Web3 APIs 

Now that you understand extra about Moralis’ dedication to knowledge safety, you is likely to be in constructing initiatives with our Web3 APIs. And, to offer you an summary of Moralis, let’s dive a bit deeper into our industry-leading options and providers! 

Moralis is a number one crypto knowledge supplier that helps firms drive engagement, enhance progress, and construct compelling person experiences. Our top-tier Web3 APIs energy industry-leading Web3 initiatives, together with MetaMask, Delta, and so on., for thousands and thousands of finish customers worldwide.

In our complete suite of growth instruments, you’ll discover greater than ten use case-specific APIs that make Web3 growth a breeze. Some distinguished examples embrace the Pockets API, Token API, NFT API, and lots of extra. With these top-tier Web3 APIs, you may seamlessly construct every part from cryptocurrency wallets to decentralized exchanges (DEXs) with out breaking a sweat. 

Let’s discover a number of the principal advantages of utilizing Moralis’ Web3 APIs: 

• Complete: All our API responses are enriched with metadata, market knowledge, transaction decodings, labels, and way more. Because of this, we’re capable of supply Web3’s most complete APIs, designed to reduce the variety of calls wanted to construct dapps. 

• Easy: With our use case-specific APIs, Web3 growth turns into extra accessible than ever. This provides you extra time to give attention to constructing compelling person experiences and bringing extra worth to your prospects. 

• Trusted: Moralis is trusted by industry-leading enterprise prospects, together with MetaMask, Delta, Blockchain.com, and lots of others. 

To focus on the advantages of Moralis additional, let’s discover some examples of distinguished interfaces you’ll discover in our Web3 API suite!

Pockets API 

Moralis’ Pockets API helps over 500 million addresses throughout the most important chains, together with Ethereum, Polygon, BNB Sensible Chain (BSC), and lots of others. And when utilizing this interface, you may seamlessly combine pockets performance into any of your dapps! 

With the Pockets API, you may effortlessly fetch a pockets’s token balances, web price, transaction historical past, and way more with single endpoints. In flip, this software means that you can seamlessly construct every part from portfolio trackers to wallets. 

To showcase the accessibility of the Pockets API, take a look at our endpoint for fetching the web price of a pockets down under: 

import fetch from 'node-fetch';

const choices = {
  technique: 'GET',
  headers: {
    settle for: 'software/json',
    'X-API-Key': 'YOUR_API_KEY'
  },
};

fetch(' choices)
  .then(response => response.json())
  .then(response => console.log(response))
  .catch(err => console.error(err));

All it’s a must to do is exchange YOUR_API_KEY, configure the parameters, and run the code. In return, you’ll get a complete response showcasing the overall web price of the tackle and particular person values for every chain: 

{
  "total_networth_usd": "4286806.08",
  "chains": [
    {
      "chain": "eth",
      "native_balance": "1085515469813080189177",
      "native_balance_formatted": "1085.515469813080189177",
      "native_balance_usd": "3550067.16",
      "token_balance_usd": "735008.04",
      "networth_usd": "4285075.20"
    },
    {
      "chain": "polygon",
      "native_balance": "426857449018746625825",
      "native_balance_formatted": "426.857449018746625825",
      "native_balance_usd": "445.31",
      "token_balance_usd": "1285.57",
      "networth_usd": "1730.88"
    }
  ]
}

Token API 

With the Token API, you get seamless entry to all of the ERC-20 knowledge it is advisable to construct subtle dapps. This interface helps each single token throughout the most important chains, together with meme cash like Shiba Inu, stablecoins like USDC, and every part in between. 

With the Token API, you will get token balances, metadata, costs, and extra with simply single strains of code. As such, when working with Moralis, now you can simply construct every part from token explorers to portfolio trackers with none hassle. 

To focus on the comprehensiveness of the Token API, take a look at the endpoint above, supplying you with every part it is advisable to construct a portfolio view of a pockets with one single name:

import fetch from 'node-fetch';

const choices = {
  technique: 'GET',
  headers: {
    settle for: 'software/json',
    'X-API-Key': 'YOUR_API_KEY'
  },
};

fetch(' choices)
  .then(response => response.json())
  .then(response => console.log(response))
  .catch(err => console.error(err));

Merely exchange YOUR_API_KEY together with your Moralis API key, configure the parameters, and execute the script. In return, you’ll get a response containing all of the balances of the pockets, together with metadata, costs, and way more: 

{
   //...
  "result": [
    {
      "token_address": "0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48",
      "symbol": "USDC",
      "name": "USD Coin",
      "logo": "
      "thumbnail": "
      "decimals": 6,
      "balance": "4553447",
      "possible_spam": false,
      "verified_contract": true,
      "balance_formatted": "4.553447",
      "usd_price": 1.001818879776249,
      "usd_price_24hr_percent_change": 0.1818879776249283,
      "usd_price_24hr_usd_change": 0.0018221880998897314,
      "usd_value": 4.561729172660522,
      "usd_value_24hr_usd_change": 0.008297236936878599,
      "native_token": false,
      "portfolio_percentage": 100
    },
    //...
  ]
}

NFT API 

The NFT API helps over three million NFT collections throughout all the main chains. This contains every part from established initiatives like Pudgy Penguins to tokens that dropped simply seconds in the past. So, if you happen to’re constructing NFT-based initiatives, be certain to leverage the Moralis NFT API for all of your knowledge wants! 

With the NFT API, you may fetch NFT balances, metadata, costs, and extra with single API calls. As such, that is the right software for anybody constructing NFT marketplaces, Web3 video games, or portfolio trackers. 

To indicate you ways straightforward it’s to make use of the NFT API, please take a look at the instance under, the place we use an endpoint to fetch the NFT stability of a pockets: 

import Moralis from 'moralis';

attempt {
  await Moralis.begin({
    apiKey: "YOUR_API_KEY"
  });

  const response = await Moralis.EvmApi.nft.getWalletNFTs({
    "chain": "0x1",
    "address": "0xff3879b8a363aed92a6eaba8f61f1a96a9ec3c1e"
  });

  console.log(response.uncooked);
} catch (e) {
  console.error(e);
}

Substitute YOUR_API_KEY together with your Moralis API key, configure the parameters, and run the code. In return, you’ll get a response containing an array of all NFTs held by the pockets in query: 

{
 //...
  "result": [
    {
      "amount": "1",
      "token_id": "5021",
      "token_address": "0xfff54e6fe44fd47c8814c4b1d62c924c54364ad3",
      "contract_type": "ERC721",
      "owner_of": "0xff3879b8a363aed92a6eaba8f61f1a96a9ec3c1e",
      "last_metadata_sync": "2024-03-15T09:39:00.991Z",
      "last_token_uri_sync": "2024-03-15T09:38:50.990Z",
      "metadata": null,
      "block_number": "14647390",
      "block_number_minted": "14647390",
      "name": "Youtopia",
      "symbol": "Youtopia",
      "token_hash": "d4719eaf84eabcf443065b0a463f5886",
      "token_uri": "
      "minter_address": "0x13f11fd2c7c7be94674651386370d02b7aac9653",
      "verified_collection": false,
      "possible_spam": true,
      "collection_logo": "
      "collection_banner_image": "
    },
    //...
  ]
}

Please take a look at the official Moralis documentation to be taught extra about our APIs and discover different endpoints! 

Abstract: What’s SOC 2 Type 2? – Exploring the Greatest SOC 2 Choices in Web3 

In 2023, over 350 million individuals had been affected by knowledge breaches, leaks, and different exposures. This danger setting highlights the necessity for stable knowledge safety measures. And that is exactly the place SOC 2 Type 2 enters the equation! 

However what’s SOC 2 Type 2? 

SOC 2 Type 2 is a safety framework evaluating the effectiveness of safety controls put in place to guard delicate data from safety incidents, unauthorized entry, and different vulnerabilities. In essence, it’s the gold commonplace for cybersecurity. 

Within the Web3 house, the primary and solely infra supplier with a SOC 2 Type 2 certification is Moralis. Incomes this certification was a big accomplishment for us, highlighting Moralis’ dedication to safeguarding shopper knowledge. We grew to become SOC 2 Type 2 licensed after a rigorous audit the place a 3rd occasion evaluated our safety controls over an prolonged time interval to make sure that they labored as they need to. 

When you loved this Web3 SOC 2 information, think about studying further content material right here on the weblog. As an illustration, take a look at our information evaluating the {industry}’s main Web3 API suppliers or dive into blockchain knowledge analytics! 

Additionally, do you know you may enroll with Moralis without spending a dime? So, if you happen to haven’t already, register an account at this time and begin constructing with the {industry}’s most secure Web3 APIs right away!