CapLinked Partners With Storj Labs, Moves Enterprise Document Management to Blockchain Technology
Secure enterprise sharing solution CapLinked embraces decentralized storage by teaming up with Storj Labs, offers permission controls to Storj’s developer community
LOS ANGELES – October 10, 2017: CapLinked, an enterprise solution for secure enterprise sharing, today 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 sophisticated 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.
“Storj is pioneering a revolutionary new way to securely store files,” said CapLinked CEO Eric M. Jackson. “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.”
“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,” said John Quinn, Storj Labs co-founder and Chief Revenue Officer. “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.”
CapLinked’s partnership with Storj will create an additional layer of security for its customers. 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.
CapLinked (https://www.caplinked.com/) makes it safe for companies to share information with outside parties. The company was founded by Eric M. Jackson (PayPal’s first head of US marketing and author of “The PayPal Wars”) and Christopher Grey (former senior private equity executive and managing director at a subsidiary of Emigrant Bank). The Wall Street Journal called CapLinked “the go-to place for setting up and closing deals,” and Inc. Magazine named CapLinked to its list of 5 Back-Office Tech Innovations.
Storj Labs provides decentralized cloud storage and gives users more control over their devices and data providing an open-source cloud platform: Storj. The company aims to become the largest, most innovative, cost effective, and high performance cloud storage provider by utilizing spare hard drive space provided by its community members.
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