Crypto exchange Gemini has announced that it has completed its SOC 2 Type 1 examination, and plans to obtain more security credentials by the end of the year. SOC 2 reports are essentially certifications testifying to the processing integrity, security, and/or availability of a service, with a key focus on data confidentiality for end users. The exchange owned by billionaire crypto investment duo Cameron and Tyler Winklevoss is the first to have this level of security compliance on the cryptocurrency scene. In an announcement by Head of Risk, Yusuf Hussain, Gemini claims that the SOC 2 Type1 certification means that
Cryptocurrency exchange Gemini says it has passed a SOC 2 security compliance review conducted by Deloitte.
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Professional services firm Deloitte have announced a new partnership with Jupiter Chain, a partnership that is set to see the development and roll out of a new blockchain based data exchange in Southeast Asia. The system is to be designed to allow users in the area to monetise and profit from their own personal data – a solution to many personal data woes that exist in contemporary society.
The partnership will see both Jupiter Chain and Deloitte working within their own areas of expertise to come together to produce a product that can be used by many different types of person and organization.
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Blockchain technology has increased in popularity during the last 18 months, mainly due to the unparalleled cryptocurrency rally at the end of 2017. A new study casts light on how industry executives see themselves in relation to experts amid this emerging tech.
“Excellent” to “Expert”
According to Deloitte’s 2018 Blockchain Survey, over 70 percent of the executives who took part see themselves as either “Excellent,” or as “Experts,” when it comes to blockchain.
The survey was held amid 1,053 senior executives in seven different countries – Canada, China, Germany, France, Mexico, United Kingdom, and the United States. All of the responders worked at companies generating $ 500 million or more in annual revenue.
According to the Deloitte 2018 global blockchain survey, almost 39% of the respondents were of the view that blockchain technology was ‘overhyped’. In the study in which over 1,000 blockchain-savvy executives at firms boasting annual revenues of $ 0.5 billion or more in the United States, the United Kingdom, Canada, Mexico, Germany, France and China were
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