What is the Master Lock Vault Enterprise application, how does it work?

According to the introduction of The Master Lock Company, Master Lock Vault Enterprise is a Lifestyle app on the Android platform. There is currently a 1.13.0.4 version released on Feb 12, 2020, you can see the details below.

Master Lock Vault Enterprise
Enterprise Accounts Only

Unlock your organization's Master Lock Bluetooth® Padlocks and Lock Boxes with Master Lock Vault® Enterprise. Sign in using the invitation you received from your account administrator. Manage and access your organization’s Bluetooth® security devices using only your phone and our patented digital “key” encryption technology. Master Lock Vault® Enterprise securely controls who is authorized to access each device and records a detailed history log of their unlocking activity.

Personal accounts should use Master Lock Vault® eLocks instead.

This version of Master Lock Vault Enterprise includes:
• Updated Terms of Use
• Accessibly Improvements
• Other System Enhancements