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TrustCloud Vault

TrustCloud’s Electronic Custody module and the world’s largest bank of digital assets.

TrustCloud Vault is the module of the TrustCloud platform that will allow you to shield your digital assets and record all the necessary evidence to shift the burden of proof.

TrustCloud’s Vault module not only allows you to preserve your company’s digital assets in a qualified way, but it is also responsible for orchestrating and collecting electronic evidence of all the data and metadata generated during the processes.

These evidences are also deposited before a notary, who will notarize them and upload the corresponding document to TrustCloud Vault so that the legal teams have access not only to the digital assets and evidences, but also to the notarial deed that prepares them.

Finally, we will also deposit the electronic evidence in the Blockchain that you request, applying in this way all the custody mechanisms available in the market that guarantee that the integrity of the preserved elements has not been modified.

As a Trusted Third Party and Qualified Trusted Service Provider, Branddocs and its TrustCloud platform will offer your company the highest levels of security, compliance and legality available in the market for the preservation of all your digital assets within our trusted platform

What is a Trusted Third Party?

Trust third party is the figure that by law allows the parties to an electronic transaction to trust the computerized storage or custody of the declarations of intention that constitute that electronic transaction.

A Trusted Third Party must be someone external to the legal relationship that has been established and to the participants themselves (external to the parties) who carry out their activities in a framework of absolute independence and impartiality (of trust, because the parties trust that it is they who keep copies of their communications).

The communications involved in the process of sending any digital asset to the Trusted Third Party must include a secure connection that guarantees the confidentiality of the data transmitted.

In any case, it should be noted that, although the Trusted Third Party is referred to as a custodian of digital assets, the service actually involves a series of technical and legal security features for objects, in the sense that it must securely store everything it receives from the users of the service, without the electronic format of the object received being a problem for the use of the service.

It should also be taken into account that the digital asset received does not need to be used (executed, read, transformed, etc.) by the Third Party, but will only be treated technically to shield it with the security layers that allow custody under the appropriate conditions.

The Trusted Third Party must ensure that deposited documents are stored with due confidentiality, integrity and non-alteration of documents against others. In this way, it must allow secure archiving by encrypting the documents with a unique key for each user of the service.

Trusted Third Party in Documentary Custody

In addition, in the case that the custody is carried out in relation to signed documents, the Trusted Third Party requires that the necessary mechanisms are in place to carry out the correct processing of the deposit of documents with a digital signature. In this way, whenever a signed document is deposited, it must be possible to verify it:

The validity of the signed
document

The validation of the certificates must be independent of the Certification Authority that issued them.

The validity of the document’s time stamps

The Trusted Third Party service must ensure that the digital document cannot be tampered with once deposited, thereby ensuring integrity at all times. The mechanism to comply with this obligation is the use of the electronic signature on all documents, by the Trusted Third Party itself, at the time of depositing the documents.

On the other hand, to avoid the non-repudiation of the deposited documents, it is necessary that the service carries out the time stamp of the same ones, also at the same moment of the deposit.

For this, the Trusted Third Party must make use of a time stamp authority (Certification Services Provider), which as an independent entity to the service generates an electronic signature that applied to the document and taking a reliable time source, determines the unaltered existence of the document or object from the time of the seal and towards the future.

Article 25 of the ISESA establishes that the conservation of documents may not be less than five years, a period applicable only to electronic contracts that fall within the scope of the ISESA itself.

However, this period may be widely exceeded due to the fact that the services that a Trusted Third Party may provide can be extended to very diverse electronic documents or objects, or because the depositaries themselves may request longer conservation times than those initially legally required.

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