CapLinked, an enterprise solution for secure enterprise sharing has announced a partnership with Storj Labs, a decentralized cloud storage provider, to host confidential business documents and transactions using blockchain technology.
The partnership marks a milestone as the first time that an enterprise file sharing service will offer its clients the option to leverage a decentralized peer-to-peer network to store files.
Storj’s developer community will also be able to use CapLinked’s file permission and security features when building custom applications.
CapLinked’s software has been used to share millions of files with confidence. The company was founded by Eric M. Jackson (PayPal’s first head of US marketing) and Christopher Grey (former private equity and investment banking executive), and its investors include Peter Thiel, FF Angel, 500 Startups, Joe Lonsdale and Indicator Ventures.
CapLinked’s software allows clients to protect, track, and recall access to files sent to outside parties for mergers, licensing deals, financings, audits, and other projects. Its clients include Ernst & Young, DaVita Healthcare Partners, Roche, Hess, FTI Consulting, Brookline Bank, and LendingClub.
CapLinked users setting up virtual data rooms, sharing data and working on other multi-company projects will be able to choose the option to store their files in Storj’s decentralized platform, offering a first-of-its-kind alternative to traditional centralized cloud storage. CapLinked will also make its permission controls and digital rights management (DRM) tools available to the developer community building applications on top of Storj’s technology.
CapLinked CEO Eric M. Jackson said:
“Storj is pioneering a revolutionary new way to securely store files. Decentralized and blockchain-based technology has the potential to make business software faster, safer, and more reliable. We’re excited to offer CapLinked’s permission controls and security features to developers who are building applications on top of Storj’s platform. We also look forward to offering Storj’s decentralized solution as an upcoming storage option for CapLinked’s customers.”
John Quinn, Storj Labs co-founder, and Chief Revenue Officer said:
“For organizations like CapLinked, whose customers demand the highest levels of security, Storj’s decentralized network provides the peace of mind needed to secure the most sensitive data. Encryption and decentralization are an excellent combination that ensures data can only be accessed by file owners and those they give permission. We are happy to welcome CapLinked users to the growing Storj community.”
Storj encrypts, shreds, and distributes data pieces across its global network and provides only the customer with an encrypted access key. This process along with a large decentralized network prevents security breaches. To ensure CapLinked users can retrieve data in the event someone goes offline, Storj has built-in redundancy and uses an algorithm to rebuild whole files from its remaining parts. By leveraging Storj Labs’ decentralized cloud storage platform, users can take advantage of the network’s inherent security benefits over legacy solutions.