What is a Trusted Third Party?
As a Trusted Third Party and Qualified Trusted Service Provider, as approved by the European Commission and the Spanish Government, TrustCloud will offer your company the highest levels of security, compliance, and legality available in the market for the preservation of all your digital assets.
A Trusted Third Party is the figure or entity 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.
The service of a Trusted Third Party 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.
FAQS
What is electronic custody?
Electronic custody refers to the electronic archiving of digital assets, data and documents with a high degree of security, integrity and authenticity, which gives it a strong evidentiary character before the law. Electronic custody is also responsible for digitizing and protecting all those metadata that serve as evidence of the validity, integrity and authenticity of the items under custody.
What are digital assets?
As the name itself indicates, digital assets are all those assets (resources with value) that a company owns in electronic/digital format. However, the term makes special reference to all digital data that acquire a special value, interest or risk for the company in digital environments and operations (such as the saved personal data of its customers).
What is quantum computing?
Quantum computing is a field that uses the principles of quantum mechanics to process information differently from classical computing, surpassing its limitations by managing vast amounts of data simultaneously. These qualities can be harnessed to break through current security systems.
