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BLAZE Becomes The First Cannabis Retail Software To Receive SOC 1 Certification
BLAZE Becomes The First Cannabis Retail Software To Receive SOC 1 Certification
Cannabis software company BLAZE Solutions, Inc. validated its data performance and implementation and gained SOC 1 Certification.
"Based on our research, it does not appear that any of our direct competitors in CannaTech have successfully completed a SOC 1 audit," stated Kai Kirk, COO of BLAZE. "This SOC audit is rigorous and you must show clear evidence that your product is working as designed. That means controls that confirm topics such as data validity, taxes applications are correct, discounts are working as expected, and compliance data is sent and properly reported on."
SOC 1 Certification centers on software's practical application and function of data. This differs from SOC 2, which is focused on security, processes and recoverability. The SOC 1 audit team, consisting of certified public accountants, evaluates BLAZE software, how data is entered, stored, transformed and reported. It also assesses the fidelity of the compliance integrations such as Metrc and BioTrack(NASDAQ:FORA).
With the addition of SOC 2 Type 1 Certification announced in July, BLAZE achieved both SOC 1 Certification and SOC 2 Type 1 Certification. This dual certification is critical to MSOs and publicly traded companies, allowing them to streamline auditing processes and show data fidelity. BLAZE began the process of achieving SOC 1 Certification by forming a strike team to complete the audit and confirm that the underlying infrastructure and software met SOC 1 standards. BLAZE customers will benefit from third-party validation that their data is handled accurately.
"BLAZE retailers can rest easy knowing that their data and their customer's data are secure and the systems are handling data properly and are regularly audited," continued Kirk. "As we see the cannabis space mature, many retailers will go through acquisitions, potentially with companies that demand high levels of security and compliance due to their investment structures. Running BLAZE can give them peace of mind that they will not have to swap out their retail solution due to non-compliance and can continue moving fast in this ever-changing market."
BLAZE' partnerships seem to have been strategically wise, considering that Metrc recently signed its 23rd government contract, and BioTrack completed launch in New Mexico in April. Having integrations with the track and trace providers, coupled with partnership with Bespoke Financial, and now SOC certificates, should position them very well in the space.
Photo: Courtesy of BLAZESolutions, Inc.
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Cannabis software company BLAZE Solutions, Inc. validated its data performance and implementation and gained SOC 1 Certification.
大麻軟件公司烈焰解決方案公司 已驗證其數據性能和實施情況並獲得了SoC 1認證.
"Based on our research, it does not appear that any of our direct competitors in CannaTech have successfully completed a SOC 1 audit," stated Kai Kirk, COO of BLAZE. "This SOC audit is rigorous and you must show clear evidence that your product is working as designed. That means controls that confirm topics such as data validity, taxes applications are correct, discounts are working as expected, and compliance data is sent and properly reported on."
“根據我們的研究,我們在CannaTech的任何直接競爭對手似乎都沒有成功完成SOC 1審計,“聲明凱柯克,Blaze的首席運營官。這種SOC審計是嚴格的,您必須提供明確的證據,證明您的產品正在按設計工作。這意味着需要進行控制,以確認數據有效性、納税申請是否正確、折扣是否按預期運行,以及合規數據是否已發送並正確報告。
SOC 1 Certification centers on software's practical application and function of data. This differs from SOC 2, which is focused on security, processes and recoverability. The SOC 1 audit team, consisting of certified public accountants, evaluates BLAZE software, how data is entered, stored, transformed and reported. It also assesses the fidelity of the compliance integrations such as Metrc and BioTrack(NASDAQ:FORA).
SOC 1認證的核心是軟件的實際應用和數據的功能。這與SOC 2不同,SOC 2側重於安全性、流程和可恢復性。由註冊會計師組成的SOC 1審計團隊評估Blaze軟件,以及數據如何輸入、存儲、轉換和報告。它還評估遵從性集成的保真度,例如公制和BioTrack(納斯達克:論壇)。
With the addition of SOC 2 Type 1 Certification announced in July, BLAZE achieved both SOC 1 Certification and SOC 2 Type 1 Certification. This dual certification is critical to MSOs and publicly traded companies, allowing them to streamline auditing processes and show data fidelity. BLAZE began the process of achieving SOC 1 Certification by forming a strike team to complete the audit and confirm that the underlying infrastructure and software met SOC 1 standards. BLAZE customers will benefit from third-party validation that their data is handled accurately.
隨着7月份宣佈的SOC 2類型1認證的增加,閃耀成就dSOC 1認證和SOC 2類型1認證。這種雙重認證對MSO和上市公司至關重要,使它們能夠簡化審計流程並顯示數據保真度。Blaze成立了一個突擊小組來完成審核並確認底層基礎設施和軟件符合SOC 1標準,從而開始了獲得SOC 1認證的過程。Blaze客户將受益於他們的數據得到準確處理的第三方驗證。
"BLAZE retailers can rest easy knowing that their data and their customer's data are secure and the systems are handling data properly and are regularly audited," continued Kirk. "As we see the cannabis space mature, many retailers will go through acquisitions, potentially with companies that demand high levels of security and compliance due to their investment structures. Running BLAZE can give them peace of mind that they will not have to swap out their retail solution due to non-compliance and can continue moving fast in this ever-changing market."
柯克繼續説道:“Blaze零售商知道他們的數據和客户的數據是安全的,系統正在正確地處理數據並定期進行審計,他們可以高枕無憂。”隨着我們看到大麻領域的成熟,許多零售商將通過收購,可能是與由於其投資結構而要求高水平安全和合規的公司。Running Blaze可以讓他們放心,他們不必因為違規而更換他們的零售解決方案,並可以在這個不斷變化的市場中繼續快速發展。
BLAZE' partnerships seem to have been strategically wise, considering that Metrc recently signed its 23rd government contract, and BioTrack completed launch in New Mexico in April. Having integrations with the track and trace providers, coupled with partnership with Bespoke Financial, and now SOC certificates, should position them very well in the space.
考慮到Metrc最近簽署了第23份政府合同,BioTrack於4月份在新墨西哥州完成發佈,Blaze的合作伙伴關係似乎是戰略上的明智之舉。與跟蹤和跟蹤提供商的集成,再加上與Bespoke Financial的合作伙伴關係,以及現在的SOC證書,應該會使它們在該領域處於非常有利的地位。
Photo: Courtesy of BLAZESolutions, Inc.
圖片:由Blaze提供解決方案公司
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moomoo是Moomoo Technologies Inc.公司提供的金融資訊和交易應用程式。
在美國,moomoo上的投資產品和服務由Moomoo Financial Inc.提供,一家受美國證券交易委員會(SEC)監管的持牌主體。 Moomoo Financial Inc.是金融業監管局(FINRA)和證券投資者保護公司(SIPC)的成員。
在新加坡,moomoo上的投資產品和服務是通過Moomoo Financial Singapore Pte. Ltd.提供,該公司受新加坡金融管理局(MAS)監管(牌照號碼︰CMS101000) ,持有資本市場服務牌照 (CMS) ,持有財務顧問豁免(Exempt Financial Adviser)資質。本內容未經新加坡金融管理局的審查。
在澳大利亞,moomoo上的金融產品和服務是通過Futu Securities (Australia) Ltd提供,該公司是受澳大利亞證券和投資委員會(ASIC)監管的澳大利亞金融服務許可機構(AFSL No. 224663)。請閱讀並理解我們的《金融服務指南》、《條款與條件》、《隱私政策》和其他披露文件,這些文件可在我們的網站 https://www.moomoo.com/au中獲取。
在加拿大,透過moomoo應用程式提供的僅限訂單執行的券商服務由Moomoo Financial Canada Inc.提供,並受加拿大投資監管機構(CIRO)監管。
在馬來西亞,moomoo上的投資產品和服務是透過Moomoo Securities Malaysia Sdn. Bhd. 提供,該公司受馬來西亞證券監督委員會(SC)監管(牌照號碼︰eCMSL/A0397/2024) ,持有資本市場服務牌照 (CMSL) 。本內容未經馬來西亞證券監督委員會的審查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.,Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc和Moomoo Securities Malaysia Sdn. Bhd., 是關聯公司。
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