Blockchain
Engiven, Inc. Becomes World’s First Cryptocurrency Donation Platform to Receive SOC2 Type 1 Compliance Certification
Engiven Inc. announced today that it has achieved SOC 2 Type 1 compliance in accordance with American Institute of Certified Public Accountants (AICPA) standards for SOC for Service Organizations also known as SSAE 18. Achieving this standard with an unqualified opinion serves as third-party industry validation that Engiven Inc. provides enterprise-level security for customer’s data secured in the Engiven Inc. System.
Engiven Inc. provides SaaS-based technologies that equip nonprofit organizations to securely accept and liquidate cryptocurrency donations while eliminating the complexity and risk associated with cryptocurrency transactions. Engiven provides a highly automated end-to-end solution where the crypto donation is verified on the blockchain, exchanged for USD and the donor is immediately provided with a gift receipt.
“The certification is truly just a formalization of the industry-best practices we employ to safeguard our data and that of our clients,” explained Brandon Murphy, COO of Engiven. “Ethics and compliance are not boxes we check – they are integral to who we are. We are firmly committed to the highest level of integrity in all of our business practices.”
Engiven Inc. was audited by Prescient Assurance, a leader in security and compliance attestation for B2B, SAAS companies worldwide. Prescient Assurance is a registered public accounting firm in the US and Canada and provides risk management and assurance services which includes but is not limited to SOC 2, PCI, ISO, NIST, GDPR, CCPA, HIPAA, and CSA STAR.
An unqualified opinion on a SOC 2 Type 1 audit report demonstrates to Engiven’s current and future clients that they manage their data with the highest standard of security and compliance. Additionally, Engiven is committed to obtaining its SOC 2 Type 2, a higher level of SOC 2 assurance, to further test the effectiveness of its internal controls.
“Engiven is the world’s first cryptocurrency donation management platform to achieve this level of security compliance. The SOC 2 Type 1 Report further demonstrates our commitment to safeguarding transactions and client data,” said James Lawrence, Engiven’s Cofounder and CEO. “By obtaining this level of compliance, we hope to show our commitment to the highest level of security standards that every nonprofit deserves.”
Blockchain
Cross Border Payments Market to Reach $345.42 Billion by 2033; Rising Volume of International Trade & Services to Propel Growth
Blockchain
PairedWorld Earns Nomination for Best Blockchain Project for Social Impact, Secures $1.5 Million in Private Token Sales, and Welcomes Paul Taylor Who Is a Venture Partner at BlackRock to its Advisory Board
Saakuru has recently achieved significant milestones in its development, positioning itself as a leader in the gasless blockchain revolution that is reshaping the industry. Within just nine months of its launch, the consumer-centric L2 protocol has entered the top 5 brands in its niche and records over 1.44 million weekly users, according to data from DappRadar.
The project is gearing up for the official launch of its Saakuru token ($SKR) by the end of April, supported by a successful private funding round that raised $2.4 million. Saakuru Protocol stands as a pioneering advocate of gasless technology, aiming to accelerate the adoption of Web3 into the mainstream by enhancing the user experience and reducing costs for both developers and end users.
Unlike traditional blockchain networks, which often suffer from high gas fees and security issues, Saakuru Protocol leverages Oasys High-Speed Optimistic Rollups to create a public-permission, gas-less L2 blockchain. This innovative approach eliminates gas fees, improves user experience, and introduces new tokenomics models, enabling the development of versatile decentralized applications with higher security standards, cost-effectiveness, and ease of use.
The Saakuru token serves as a multi-purpose token within the protocol, providing utility and governance. Its advanced burning mechanism gradually reduces the token supply while potentially increasing its value. The token is integrated into all operational layers of the Saakuru protocol:
1. Developer Layer (Saakuru Labs): Provides products and services with proprietary business models, burning 10% of profits.
2. DeFi Layer (Taffy DEX): Utilizes Taffy DEX technology, where 0.005% of transaction fees are converted to SKR tokens and burned.
3. Governance Layer: Enables token holders to participate in protocol governance, with 5% of tokens used for governance initiating the review process being burned.
4. Protection Layer: In the event of triggering the protection mechanism, SKR tokens are burned, with 3% of saved tokens being burned.
Through these innovative features and layers, the Saakuru token and protocol aim to drive adoption, enhance functionality, and provide sustainable value for users and stakeholders alike in the evolving blockchain landscape.
Source: finance.yahoo.com
The post Saakuru Leads the Gasless Blockchain Revolution, Disrupting the Industry appeared first on HIPTHER Alerts.
-
Blockchain7 days agoBlockchain Transforming Travel: Quantum Temple’s Innovative Venture
-
Blockchain4 days ago
Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics
-
Blockchain5 days ago
Quantum eMotion Files a Patent for Quantum-based Blockchain Wallet Under the Patent Cooperation Treaty (PCT)
-
Blockchain Press Releases5 days agoCanaan Shines at Blockchain Life 2024 in Dubai
-
Blockchain Press Releases5 days agoBybit Institutional Report 2024: Institutions Become Bullish and Eye Challenger Chains, while VC Funding Resurges for Infrastructure, Gaming, and AI
-
Blockchain5 days ago
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
-
Blockchain Press Releases6 days ago
Bybit and Franck Muller Partner with Sidus Heroes to Launch Cosmic Gears: A Pioneering Web3 Game with a $250,000 Prize Pool and Exclusive Watch Collection
-
Blockchain7 days ago
Evolution of the Blockchain World: Doric Blockchain Drives Education and Adoption of Blockchain Technology and Tokenization in Latin America
