0chain To Integrates With Chainlink To Connect Ethereum dApps to Decentralized Data Storage

A high performance decentralized storage network 0chain to integrates with Chainlink a decentralized oracle network and cryptocurrency that provides real-world data to blockchains. The integration will involve multiple use cases, such as leveraging Chainlink Price Feeds, Metadata Mapping, Cloud Data Feeds, and Cross-Chain Verifications.

“We’re excited to provision a multitude of secure oracle solutions for 0Chain’s decentralized storage solution to accelerate its adoption. The bi-directional communication capabilities of Chainlink oracle networks can enable 0Chain’s data storage capabilities to be leveraged across various different blockchains,”— Daniel Kochis, Head of Partnerships at Chainlink Labs

In the case of 0Chain, oracles are critical for allowing blockchains to directly tap into our decentralized storage network in an automated, chain-agnostic manner that’s both highly secure and reliable. This will allow 3rd party blockchain dApps to use and/or check the state of data streams and objects stored on 0Chain, which can then cross trigger on-chain actions. Thus, enterprises can leverage Chainlink’s oracles for up-to-date information while also using 0Chain’s fast retrieval dStorage as a chain independent storage layer, truly removing their need for centralized storage platforms.

“Data storage pricing has thus far been opaque and controlled by a few incumbents. 0Chain’s unique architecture not only brings fast data retrieval to decentralized storage, but also a marketplace for data storage where multiple servers bid their storage capacity for users to consume. This collaboration has the capacity to expand DeFi with new product offerings, such as cloud TCO insurance, and disrupt the pricing model and visibility of a whole industry. Moreover, it speeds up our efforts in availing our decentralized storage layer across blockchains in a chain-agnostic manner. We are excited about the future of this collaboration and the potential it holds”—Mo Siam, 0Chain Director of Operations

The 0Chain has seven (7) levels of integrations with Chainlink. These are ZCN Price Feeds, MetaData Mapping, Cloud Data Feed to name the few.

ABOUT 0CHAIN
0Chain is a high-performance decentralized storage network designed to eliminate business threats such as censorship, privacy liability and data breach. 0Chain helps entities achieve GDPR compliance, localization, tokenization and monetizes private data sharing.

ABOUT CHAINLINK
Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain.

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