0Chain is Integrating Band Protocol Oracles to Secure Decentralized Storage Layer
0Chain is pleased to announce an integration with Band Protocol, the market leader for secure and customizable decentralized oracles, to enable data streaming from Band Oracles to provide metadata mapping, token price feeds and more. Band Protocol’s customizable oracle framework used by major DeFi and blockchain applications to secure billions of dollars already, will prove to be a valuable asset for 0Chain to become the leader in decentralized storage.
With the continued rise of L1 smart contracts, oracles have provided transparency and accuracy for data that is used to trigger smart contracts. By connecting smart contracts to verifiable data, users can use crypto platforms with ease while knowing their assets are safe.
While L1 protocols continue to expand and leverage data oracles, such as those provided by Band Protocol, the majority are still connected to centralized data storage solutions. 0Chain, a decentralized storage platform, enables scalable storage on a distributed level that allows for high transaction throughput as well as high data availability and security.
Through this integration, Band Protocol and 0Chain will collaborate to provide a secure Storage layer, connecting smart contracts to safe, verifiable data that also decreases risk of data breaches while simultaneously enhancing availability and privacy.
“0Chain is excited to collaborate with Band Protocol to provide highly-reliable oracle and data storage solutions for decentralized applications. The multi-step integration enables developers and enterprises to simply leverage 0Chain’s storage platform while accessing price feeds, storage metrics and metadata mapping all via Band Protocols oracles. We look forward to providing dApps with verifiable data feeds that are resistant to breaches and value user privacy” said Adrian Corcoran, Head of Partnerships at 0Chain.
“Band Protocol is proud to support 0Chain with customizable decentralized oracles in a multi-faceted integration. The collaboration is a testament to the flexibility of Band Protocol to provide a bespoke and trusted oracle solution to a variety of decentralized applications including 0Chain to secure a decentralized storage layer on a cross-chain and external level,” said Kevin Lu, Head of Business Development at Band Protocol.
Our initial collaborative integration will provide data streams available via Band oracles for the following data
- Price feeds for $ZCN token as well as storage allocation pricing, enabling transparency of cost of leveraging 0Chain’s dStorage.
- MetaData Mapping enables oracles to provide data to verify data storage, including for the storage of L1 blockchain data, such as Ethereum or Solana, to enable verifiers to provide a source of truth for transaction history.
- Blobber (data storage providers) data will be available for users to view metrics including geolocation, pricing, speed and more to allow developers, enterprises to allocate data to Blobbers that meet their needs. In addition, a dynamic feed will allow users to provide feedback to coincide with verifiable metrics while also taking into consideration user experience.
About Band Protocol
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Blockchains are great at immutable storage and deterministic, verifiable computations — however, they cannot securely access data available outside the blockchain networks. Band Protocol enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle. Band Protocol is backed by a strong network of stakeholders including Sequoia Capital, one of the top venture capital firms in the world, and the leading cryptocurrency exchange, Binance.
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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.
The decentralized platform offers high performance, high quality of service, collaboration, localization, and streaming to address a broad spectrum of applications.
