SOC 2 at Eniblock: A Journey Towards Trust and Excellence

Embracing the challenge of SOC 2 compliance has transformed our vision of innovation and security.

The Importance of Regulatory Compliance

At Eniblock, our flagship product, the Wallet As A Service (WaaS), allows seamless integration of cryptographic wallets into any application. This unique wallet offers total control to the end-user without dependence on third-party organizations. Additionally, it's accessible via Web2 authentication methods, thus easing the entry into the Web 3 world for users of Web2 platforms.

You can find a demo of our product integration on our website

However, with innovation comes responsibility, especially in terms of security. The integration of digital financial services involves operational and organizational risks. Security should not only depend on the solution integrator but also comply with a complex regulatory framework.

To navigate this regulatory labyrinth, certifications such as SOC2, ISO27001, GDPR, PCI DSS, and CCPA become essential. Each, with its scope and area of application, ensures data protection, regulatory compliance, and risk management.

Obtaining these certifications is not just a competitive advantage. It is a necessity for establishing lasting trust with clients and maintaining a solid reputation in the constantly evolving technological ecosystem. At Eniblock, we commit to being at the forefront of innovation while ensuring the security and confidentiality of our users' data.

The Imperative of Certification

In the rapidly evolving world of technological startups, obtaining a certification like SOC 2 is crucial, especially for services like our Wallet As A Service (WaaS). For startups, working with large groups can be challenging, as illustrated by this french article from Les Echos. A certification proves that the service is trustworthy, thus facilitating these essential collaborations.

While code audits and penetration tests are essential, they are not enough. Human error often remains the primary source of security breaches. That's why our quest for certification goes beyond mere technical compliance. It also aims to improve our organization and internal processes, impacting all the company's services. Improved work methods and stricter constraints increase the quality of our production and our ability to anticipate and resolve problems.

The choice of SOC 2 was natural for several reasons:

  • The high security standards of SOC 2 meet our expectations.
  • By adopting a certification shared by numerous cloud services, we ensure a high level of demand throughout our operational chain.
  • SOC 2 covers not only data security and information governance but also risk management and various internal policies.
  • Additionally, as SOC 2 is an American standard, it aligns our company with a key market for us. Finally, there is significant synergy between SOC 2 and other standards such as ISO 27001, thus facilitating our future compliance with other international standards.

Thus, at Eniblock, pursuing SOC 2 certification is much more than a regulatory process; it is a pillar of our commitment to quality, security, and our clients' trust. By aligning our practices with international standards, we position ourselves not only as a reliable actor but also as an innovative leader in the technological space.

This need for certification leads us to explore the specific challenges it poses for a dynamic startup like ours.

The Challenges of the Certification Process

At first glance, the SOC 2 certification process may seem counterproductive for a startup like Eniblock. Associating with an auditing firm to comply with certification requirements can create the impression of losing control over managing our production capabilities. There is a real risk that our agility and speed of execution could be hampered by rigorous and time-consuming compliance requirements.

However, more flexible solutions that 'gamify' the management of certifications are now available on the market. These tools transform compliance from a laborious process into a more manageable and interactive experience. Among the advantages of these solutions, we note:

  • Progression at Our Pace: These tools allow us to advance in the certification process at a pace that suits our startup's dynamics.
  • Real-Time View: They provide real-time visibility on the progress of our certifications, making the process transparent and measurable.
  • Cross-Certifications: A task completed for one certification can automatically apply to another, thus optimizing our efforts.
  • Integration with Our Tools: These solutions connect to our existing tools – cloud providers, communication tools, identity managers, and more – facilitating compliance management.
  • Documentation Templates: A set of documentation templates is provided, which just needs to be adapted to our organization.
  • Task Distribution: The tool helps distribute tasks related to certification across the entire company, involving every employee in the process.

Once compliance is achieved, the intervention of a certifying company is greatly simplified. The tool provides clear and structured proof elements, facilitating the auditor's task. This efficient and integrated process shows how technology can transform a challenge into an opportunity, allowing Eniblock to maintain its agility while adhering to high standards of security and compliance.

After addressing the challenges, let's now look at how SOC 2 compliance concretely influences our productivity.

Impact on Productivity

Investing in compliance with standards such as SOC 2 may initially seem contradictory to the primary objectives of a startup, such as rapid go-to-market and continuous innovation. A startup, by its nature, prioritizes rapid execution, often taking shortcuts. Implementing standards can generate frustration, disrupt daily routines, and question established processes. Complying with standards may seem to limit our natural agility, making us question the real and immediate value of these constraints.

However, over time, the value of SOC 2 compliance becomes clearer and more tangible. First, it strengthens our security. Aspects we thought were excessive turned out to be just what was needed. Then, it highlighted potential vulnerabilities, allowing us to correct them effectively. For example, onboarding new employees is now smoother and more secure. Access to company services is controlled, tracked, and no excess access is granted. Similarly, vulnerability management is improved thanks to clear protocols for management, facilitating a serene and shared response to risks. Initially, we were skeptical about the compatibility of continuous delivery with the requirements of SOC 2 certification. However, to our great surprise, this standard guided us towards a perfect harmony between the stability of our production environment and the maintenance of our continuous delivery practices.

Conclusion: Compliance as an Integral Part of Growth

Compliance is not a one-time goal; it's an integral part of a company's organizational evolution. At Eniblock, we aim to continuously maintain and strengthen our security and organizational efficiency. SOC 2 guides us not only in daily management but also frees our resources to focus more effectively on our core business. Ultimately, this compliance process, far from slowing us down, makes us more agile, secure, and focused on our main mission. Looking towards the future, Eniblock remains dedicated to innovation while strengthening our commitment to compliance and security, key pillars of our ongoing success.

arrow_back
Back to blog
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Policy for more information.