In brief
ShareRing says it has received ISO 27001 certification after an audit of its information security management system. The Melbourne-based blockchain and digital identity company describes itself as one of the first self-sovereign identity blockchains to earn the certification. It says the assessment covered areas including risk management, data protection and incident response. ShareRing presents the certification as evidence of its focus on protecting user information and as a foundation for developing decentralized identity technology. The company says its identity system is designed to give users ownership and control of personal data. ShareRing develops identity infrastructure and protocols and lists ShareLedger, Vault and VQL as its core products.
Key takeaways
- ShareRing says it earned ISO 27001 certification following an audit of its information security management system.
- The company describes itself as one of the first self-sovereign identity blockchains to receive the certification.
- ShareRing says the audit covered risk management, data protection and incident response.
- Its core products are ShareLedger, Vault and VQL.
ShareRing, a leading blockchain innovator, proudly achieves ISO 27001 certification, becoming one of the first self-sovereign identity blockchains. This remarkable milestone cements our commitment to security, privacy, and trust in the decentralized web, shaping enhanced identity development standards in Web3.
Melbourne, Victoria, Australia, August 23, 2023 -- ShareRing, a leading innovator in the blockchain and digital identity space, proudly announces that it has become one of the first self-sovereign identity blockchains to achieve its ISO 27001 certification. This remarkable achievement solidifies ShareRing’s commitment to security, privacy, and trust within the decentralized web, paving the way for enhanced identity development standards across Web3.
The ISO 27001 certification is a significant milestone for ShareRing and the entire blockchain industry. By adhering to the stringent guidelines set forth by the International Organization for Standardization (ISO), ShareRing has successfully demonstrated its dedication to safeguarding sensitive user information and ensuring the highest level of data protection.
With the growing adoption of blockchain technology in various sectors, digital identity has emerged as a crucial aspect of modern online interactions. However, conventional identity solutions have often proven to be centralized, vulnerable to data breaches, and lacking individual control. ShareRing's self-sovereign identity blockchain addresses these challenges by empowering users with complete ownership and control over their personal data, thus revolutionizing the way identity is managed in the digital realm.
By obtaining ISO 27001 certification, ShareRing has undergone a rigorous audit of its information security management system, ensuring compliance with international best practices. This comprehensive evaluation encompasses risk management, data protection, incident response, and a holistic approach to security that safeguards against potential threats in a rapidly evolving landscape.
"Being one of the first self-sovereign identity blockchains to achieve ISO 27001 certification is a testament to our unyielding dedication to the security and privacy of our users" said Jonathon Liu, VP of Marketing at ShareRing. "We believe that self-sovereign identity is the key to establishing trust and enabling secure digital interactions. This certification reinforces the commitment to our internal standards for identity management, and gives us stronger foundations to developing decentralized identity technology for all people and institutions."
ISO 27001 certification not only boosts confidence among ShareRing's existing user base but also sets an industry benchmark for other identity blockchain platforms to follow suit. As more businesses and individuals recognize the benefits of decentralized, self-sovereign identity, the ISO 27001 certification serves as an influential catalyst for elevating internal and external security, and privacy standards across the entire Web3 ecosystem.
ShareRing remains at the forefront of the digital identity revolution, continually pushing boundaries to create a safer and more empowering online environment. The achievement of ISO 27001 certification is a critical milestone that reinforces ShareRing's position as a leader in the self-sovereign identity space, inspiring a new era of trust and privacy within the decentralized web.
About ShareRing:
ShareRing is a blockchain digital identity company, founded in 2018. Backed by leading VCs and experts in the field of blockchain and technology, ShareRing builds identity infrastructure and protocols for the creation, and private exchange of reputable data. The vision is at arms-length reach - a frictionless digital future where trusted data enables seamless interactions without needing trusted intermediaries.
The company runs two divisions, ShareRing Foundation (infrastructure and identity protocols) and ShareRing Business Solution (large institutions and B2B identity).
ShareRing’s 3 core products are ShareLedger (Layer 1, Cosmos), Vault (An identity protocol built on ShareLedger), and VQL (identity communication mechanics).
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For media inquiries, please contact:
Jonathon Liu
VP of Marketing
ShareRing
About the company: ShareRing is a blockchain digital identity company, founded in 2018. Backed by leading VCs and experts in the field of blockchain and technology, ShareRing builds identity infrastructure and protocols for the creation, and private exchange of reputable data. The vision is at arms-length reach - a frictionless digital future where trusted data enables seamless interactions without needing trusted intermediaries. The company runs two divisions, ShareRing Foundation (infrastructure and identity protocols) and ShareRing Business Solution (large institutions and B2B identity). ShareRing’s 3 core products are ShareLedger (Layer 1, Cosmos), Vault (An identity protocol built on ShareLedger), and VQL (identity communication mechanics).
Contact Info:
Name: Jonathon Liu
Email: Send Email
Organization: ShareRing Limited
Website: https://www.sharering.network/
Disclaimer:
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Questions around this news
What does ISO 27001 certification mean?
ISO 27001 is an international standard for information security management systems. Certification indicates that an organization’s system has been assessed against the standard’s requirements, which include managing security risks and protecting information. It is not a guarantee that breaches cannot occur; it reflects an audited approach to managing information security.
What did ShareRing’s ISO 27001 audit cover?
The release says the certification involved a rigorous audit of ShareRing’s information security management system. It describes the evaluation as covering risk management, data protection and incident response, along with a broader approach to security. The release characterizes the certification as demonstrating alignment with international best practices for protecting information.
What is self-sovereign identity?
Self-sovereign identity is an approach in which people have greater control over their digital identity information and how it is shared. Systems using this approach may let users present selected information to others rather than rely entirely on a central organization to manage identity data. The design and degree of control can vary between systems.
What does ShareRing do in digital identity?
The release describes ShareRing as a blockchain digital identity company that builds identity infrastructure and protocols for creating and privately exchanging data. It says the company has separate foundation and business-solution divisions, serving infrastructure and identity protocol work as well as large institutions and business-to-business identity needs.
