Compliance and Privacy by Design
The ability to manage sensitive data off-chain while keeping a transparent record of ownership on-chain is a critical feature for financial applications. This is one of Provenance Blockchain’s major differentiators from more general-purpose blockchains.
Secure and Controlled Document Sharing
The Data Room is a secure and controlled environment designed to streamline the exchange of sensitive information between different parties. This dApp, accessible to entities and trusts that have passed a Know Your Business (KYB) verification, offers a platform for storing, organizing, and sharing documents and files with due regard for privacy and security.
The primary users or administrators of this dApp are able to generate custom links that can grant specific access rights to viewers. These rights can range from mere viewing of the files to downloading them.
A key feature here is the ability to enforce Non-Disclosure Agreements (NDAs) - viewers are required to accept these agreements before they are allowed access, thereby providing an extra layer of legal protection to the information being shared.
Data Room takes security measures a step further. Every downloaded file is watermarked with the viewer's email address, which discourages unauthorized redistribution of information by tying each downloaded file to a specific individual.
Additionally, this dApp empowers administrators with the ability to manage viewer access dynamically. Admins can deactivate the links to the files and even revoke viewer access, providing them with further control and peace of mind concerning the safety of their data.
Data Room is an essential tool for any entity or trust requiring secure, managed, and controlled sharing of information in the course of their operations on Provenance Blockchain.