0Chain LLC, a Gold level member of Oracle PartnerNetwork (OPN), announced a collaboration with Oracle to provide Hyperledger Fabric customers a solution to use 0Chain dStorage as a trusted party for file-based transactions that require data validation from endorsers. The concept is to have enterprises upload the data to dStorage and submit a transaction to the Fabric with the document hash, and have it verified by endorsers retrieving the data directly from dStorage or through a 3rd party distributed verifier.
There are several use cases for multi-party transactions involving documents in various verticals. One example is in healthcare where a medical claim document shared between patient, hospital, doctor, lab, and insurer need to be secured to prevent fraudulent activity. Other verticals such as supply chain, logistics, manufacturing, banking, real estate, agriculture, identity, voting, insurance, cross-border payment, clearing house, licensing & IP, energy trading, certificates, deeds, ad, registry, telecom, forensics, and government industries could all use the Fabric with dStorage for an end-to-end secure transaction platform.
“The 0Chain dStorage platform protects enterprises from data breaches and provides a single source of truth for multi-party transactions to reduce costs associated with fraud, liability, and dispute,” said Saswata Basu, CEO, 0Chain LLC. “Oracle and 0Chain are at the forefront of innovation and with this relationship, customers can migrate their entire set of existing applications to the blockchain seamlessly.”