SaaS
Digital locker CLOCR makes estate planning and disbursement convenient
New Delhi/IBNS: Austin, Texas-based computer software company, CLOCR Inc., short for “Cloud Locker”, officially entered the Indian market recently.
The company, established in 2018, by father daughter duo – Sree Chintala and Apoorva Chintala –focuses on solutions to the problem of passing on digital assets the right way.
It is an all-in-one estate planning and disbursement platform designed specifically for digital assets.
Everyone in this 21st century, across all social strata, owns dozens of different online accounts and conducts online transactions.
The account details, passwords, and the data stored within are the digital assets that everyone tries to keep safe and secure.
If anything were to happen to any of these people, all of his/her online accounts would be stranded without a designated owner, making these accounts easy targets for hackers and identity thieves, even potentially exposing the person’s family to financial risks.
CLOCR, a SaaS (Software as a Service), is an all-in-one legacy planning online tool for arranging digital assets.
According to CLOCR, it empowers its users to efficiently organize their digital assets including all accounts (social media and others) and files, identify their right heirs, and provide these heirs access to the digital legacies.
With the easy-to-use online tool, customers can create a will for digital assets set up, manage, and pass-on all digital assets the legal way.
CLOCR also facilitates a Time Capsule, where they capture memories, messages, advice to pass on to their client’s relations or friends.
This proprietary, patent-pending, multi-layered security protocol is built on IPFS and blockchain concepts.
The company said it digitally shreds the encrypted files, encrypts the pieces, and spreads them across different cloud storage locations.
Even if someone hacks into a single storage location, they will not be able to view the file.
Apoorva Chintala, CEO and Co-Founder, CLOCR INC, said, “The very foundational concept of CLOCR is close to my heart. I lost my grandfather in 2015, and I saw my father painfully executing the role of accessing and protecting his father’s digital assets. My grief turned to my inspiration and CLOCR is the result that we have today.”
A serial entrepreneur and CTO and Co-Founder, Sree Chintala, says, “CLOCR is an all-in-one digital legacy planning service for families to safely store their digital assets and be able to share them the right way. It is like having a safety deposit box in cloud storage, and that’s where the name CLOCR comes from.”
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