In Addition to SOC 2 Type 1 Certification Centered on Security, the CannaTech Company's Latest Certification Focuses on Data Application
NEWPORT BEACH, Calif., Aug. 16, 2022 /PRNewswire/ -- Cannabis software company BLAZE® Solutions, Inc. ("BLAZE" or "the Company") validated its data performance and implementation by being the first cannabis vertical SaaS provider to gain 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," said 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.
With the addition of SOC 2 Type 1 Certification announced in July, BLAZE is the first cannabis transaction software to achieve 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," said 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 powers the cannabis industry with intuitive technology solutions. Founded in 2017 by tech entrepreneurs and cannabis company operators, the BLAZE software suite fully supports vertically integrated operations, standalone dispensaries, delivery services, distributors and cultivators. The platform's seed-to-sale software and apps enable over 1400 cannabis businesses across the supply chain to easily automate compliance reporting and operate safely within local laws and tax requirements. BLAZE recently acquired Canadian POS company Greenline, increasing its service area and providing international expansion opportunities for both Canadian and US operators. Cannabis commerce is effortless with a POS platform that centralizes operations and combines efficient online ordering, inventory management, and payment processing. BLAZE offers full APIs and integrates seamlessly with over 60 cannabis tech platforms. Learn more at BLAZE.me
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