Everyone’s moving into the cloud, including the Department of Defense (DOD), but what will happen to your files when you pass away? Jamie Wilson, an accountant in Australia, never thought about it until his father was dying from pancreatic cancer in 2009.
At the time, Wilson was forced to track down piles of paperwork for taxes, portfolios, insurance policies, and the like. There simply had to be a better way to organize things during such a trying time, he thought.
While there are plenty of companies offer prime cloud technology, nothing was described as being suitable for people with a terminal disease, or who just wanted to be prepared post-mortem.
Wilson says, “I couldn’t believe, with all the technology and security measures, that there wasn’t a central location where this information can go. In the event that my dad dropped dead, I would have struggled to find all that information … how many people face this when they lose a loved one?”
A passionate start
Up to that time, Wilson managed a $400 million portfolio for the wealthiest of Aussie clients, but he quit in order to start up a software company. Traveling between the US and Sydney to meet with developers, it took three years for his dream to come true.
He founded Your Digital File, the first cloud storage company designed to make the paperwork simple after a person passes away. The biggest difference between this company and the others is security.
Typically, if you have cloud storage, then you’re in control of who can gain access to the files, which works great as long as you’re able to do so. However, Your Digital File also has a “private key” which is saved on both devices and USB sticks.
A copy of this can be located in escrow so that if someone dies or becomes incapacitated, the next of kin can easily get to the documents. It may prove to be a permanent pillar for other technologies, too.
The key to success
According to Wilson, a private key is safer than a password, because it must be used to access files every time. However, it doesn’t control escrow servicing at all.
There are some companies, such as Dropbox, that supposedly encrypt files with a key, but Wilson’s invention is encrypted individually. He says, “I wanted to ensure that this information is 100 percent confidential with the integrity of having a non-reputable system.”
Currently, sizes are available in 1GB simply because of bandwidth dictation. However, there’s no reason they couldn’t be larger.
In less than one month, 130 clients signed up with Wilson’s service, including firms that boasted more than 4,000 clients of their own. It’s the latest advancement in B2B cloud storage; Your Digital File provides everyone with the security they need.