- TraceSafe (TSF) is the first IoT company to be certified as part of the Credence Data Trust Rating System (DTRS) pilot program
- The Credence DTRS evaluates firms based on the robustness of their data protection and handling measures
- The pilot program is designed to provide a digitalized way for organizations to prove the security of their internal processes and controls
- TraceSafe is a full suite of real-time location management services and contact tracing solutions
- TraceSafe Inc. (TSF) is up 5.56 per cent, trading at $0.475 per share
TraceSafe (TSF) is the first IoT company to be certified as part of the Credence Data Trust Rating System (DTRS) pilot program.
The new Credence DTRS was launched in the last week of September in Singapore by eleven global industry leaders.
The Credence DTRS evaluates firms based on the robustness of their data protection and handling measures. Rating certificates will be issued by Singaporean information technology and services start-up Credence Lab.
Credence Lab is a startup founded by Calvin Chu and Philip Heah, two industry veterans with extensive government experience in developing IT and global consulting.
As the first IoT company to partner with Credence Lab, TraceSafe signals a larger ambition of being a key hub in the digital economy for all enterprises that rely on rigorous ratings like DTRS when vetting an IoT partner.
Jasling Ong, Managing Director of TraceSafe Asia Pacific, commented on the new partnership, saying,
“As the global economy continues to be digitized at a lightning pace, data is playing an increasingly important competitive role.”
The pilot program is designed to provide a digitalized way for organizations to prove the security of their internal processes and controls to obtain the Data Protection Trust Mark (DPTM) and a maturity rating using the Credence Data Trust Rating System (Credence DTRS).
TraceSafe is a full suite of real-time location management services and contact tracing solutions enabled through advanced low-power Bluetooth beacons and enterprise cloud management.
TraceSafe Inc. (TSF) is up 5.56 per cent, trading at $0.475 per share as of 3:56 pm ET.
