June 22, 2020

Equa Data Room: Security and Privacy Considerations

Cloud storage continues to emerge as the go-to repository for document and data storage. Yet, questions remain about the security and privacy aspects of these sites.

Media attention abounds about hacked databases, data compromises and other intrusions by nefarious internet actors. This has created a torrent of concerns about the secure nature of Dropbox, iCloud, Google Drive, OneDrive and other prominent cloud-based applications.

Here at Equa, privacy and security considerations are of the highest importance as we enable businesses to become highly skilled in the navigation of compliance and governance documents.

The Equa data rooms are designed to expedite the advancement and completion of necessary business activities. Along with the excitement growing around the use of permission-based controls, Equa has a system in place to manage user access while monitoring who has viewed a document.

Driven by blockchain technology, Equa’s secure platform offers clients the ability to create data vaults for their documents, including capitalization tables, management, shareholder rights documents, and voting and reporting.

Asked about Equa’s response to the rapidly growing importance of cloud security, Chuck Williams, Lead Developer for Equa had this to share:

“As a software developer, questions around security have always been kind of a big and nebulous question because security is not a binary thing. In the end, there is no authoritative source that says this is or is not secure.”

Williams though believes that the most secure thing on the planet currently is the bitcoin blockchain that Equa is employing. “The blockchain has been up and running 99.9% of the time over the past ten years. That gives it the most uptime of any network in human history.”

Equa, he says, because of the setup of its protocol, should give clients comfort in the event of some sort of security issue. Williams concludes:

“Our goal is to execute everything in a manner that allows our clients to still have access to all of their assets and documents written on any blockchain.”

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