0Chain is a data privacy protection, compliance, and secured sharing platform.

0Chain provides automated data privacy compliance, continuous protection, and secured sharing to your application. 0Chain is near-impossible to breach, has an immutable data ledger to resolve disputes, conduct audits, and eliminate data liability. In addition, 0Chain enables secured data sharing between customers, partners, internal groups, and employees.

Since May 2018 and Jan 2020, GDPR and CCPA privacy regulations have been enforced in Europe and California, respectively, and organizations need an easy way to tackle the privacy regulation problem and holistically solve their breach liability exposure. 0Chain provides a simple way to manage data protection and privacy requirements.

Banks for fraud protection,

Healthcare for Sharing patient EHR,

Manufacturing for brand provenance,

AI-IOT autonomous data protection & privacy,

0Chain privacy protocol provides the customers ownership and control of data. It protects their data by distributing it across servers with cryptographic keys registered on the blockchain, so that the hacker needs to have all keys making it near-impossible to breach. In addition, 0Chain records all activities immutably on the data ledger. And, 0Chain provides secured sharing of data to customers, partners, internal groups, and employees.

Proof Of Work

Bitcoin is a blockchain that is not controlled by anyone and anyone can work towards making the blockchain grow in a manner that everyone agrees. This is possible as Bitcoin uses the concept of Proof Of Work. I would like to explain PoW using another familiar concept in our day-to-day lives, the lottery. Anyone buying the lottery can win it but purely by chance (at least in theory, there have been several incidents of rigged lotteries). Similarly, anyone wanting to work on expanding the Bitcoin blockchain can do some special computation that they win by chance if they crack the computation. In real world, people choose to put their money in a pool and buy the tickets collectively so that the chance of winning the lottery collectively increases but the rewards are shared among all the members of the pool. Same is also done with PoW, where many people pool their resources to do the special computation to increase the chance of winning. Now imagine, one of the pool grows so big it is more than 50%, then any member belonging to it has a very good chance of winning but at the same time will have to share the reward with many people resulting in a very small payout.

But there are some fundamental differences between a lottery and PoW. In case of the lottery, the money that is used to buy the ticket is used towards paying the reward and hence is a centralized process. In case of Bitcoin, the reward is created out of thin air by minting it. Also, with a lottery system, once the results are announced it is permanent (unless there is any evidence of cheating). But with PoW, there are many paths to arrive at the required computation and whoever can extend the maximum at any given instance influences the path leading to that point. However, the computation requirement is enormous that it will be impossible to alter the path for extended period of time with the underlying assumption that no one controls more than 50% of the computation power that is extending the blockchain.

While PoW based systems solve the decentralization problem, it comes with an enormous cost. Lot of research went in creating alternate solutions that are cost effective still offering the same confidence of decentralized systems. The most notable solutions rely on Proof of Stake.

Proof of Stake

In this model, each party that wants to extend the blockchain stakes some financial value. If anyone caught cheating they lose their stake serving as an incentive to well-behave. 0Chain protocol uses a non-linear staking approach (mainnet will be launched with squared power of stake but the power can be adjusted as needed). The idea behind this is that someone with a lot of tokens would prefer to pool them all together as one rather than splitting into several parts and joining the network separately.

Decentralized systems need to be both fault tolerant and also Byzantine tolerant. Among the PoS systems, some protocols choose to do consensus by electing a leader and change the leader regularly and also when the leader is not making progress. A problem with a single leader based system is that it can be prone to external attacks such as DDoS. Hence, these protocols are typically suitable for private or permission networks.

For a public blockchain, it is desirable to have a protocol that can effectively defend against both Byzantine conditions and also external factors like network outages and DDoS attacks. Some protocols such as dFinity propose having multiple leaders (or block generators) so that the blockchain will make progress even if some of them are faulty. 0Chain protocol adopts a similar approach where more than one miner can generate a block in a given round and while the network collectively works towards notarizing the highest ranked block in a given round, the goal is to eventually notarize and make progress with any of the blocks that got generated in the round and pass the verification process (transaction signature validation, no replay of transactions and so on).

In order to achieve consensus without a leader, and to mitigate the risk of network attacks, consensus is achieved by everyone sending their verification messages to every other miner on the network. This type of protocols trade the CPU requirement of PoW with network bandwidth. These protocols are suitable for networks of medium size (a couple of 100s of nodes) and will have scalability problems with very large networks. By periodically shuffling the active network, it is possible to operate with a medium size network. Keeping the network size limited to about 100 nodes also helps increase the payout for the miners that are serious about operating in the network with sufficient stake.

Market Size ~ $15B

10M businesses

Up to $50k spent in compliance last year*

Market

$15k (avg) x 1M companies = $30B market

Solution Overview & Selling Model

0Chain resells PaaS to end customers

Comprises of a cluster of highly available compute and storage resources

Consumed at $/hr and $/GB/month, respectively

Team up with AWS Managed Blockchain.

•We can help architect and code smart contracts used in AMB with our 0Chain dStorage.

•AMB integrated with 0Chain dStorage provides a seamless user experience and ultimate security.

• AWS can cross sell AMB to customers using 0Chain dStorage.
• If you have an opportunity for AMB, contact us at the initial stage, so that we can help architect their end to end blockchain system with dStorage.
• If you have an opportunity for data backup, have them try our Basic solution for higher security and privacy

Executive Team

Saswata Basu, CEO & Founder

Serial entrepreneur with 20 years in Blockchain, AI, IoT, Cloud, Wireless @ Intel, Harris, Nortel, Aviat, and Energous. MS and PhD in EE from UCLA

Prof. Tom Austin, CTO & Co-Founder

Security and Language Expert. Prof in CS @ SJSU. @Mozilla, ESIEA Cryptology, Virology Lab /CloudFlare. PhD in CS from UC Santa Cruz

Technical Advisors

Prof. Andrea Buraschi

Chair in Finance @Imperial College, London. Visiting Prof @ Chicago, Columbia. PhD in Econ from Chicago

Siva Dirisala

Former CTO of 0chain. Senior Director @ Service Now for 5 years. 15 years @ Oracle. MS from MIT, BS from IIT, Madras

Business Advisors

Arvind Sinha

Entrepreneur. Principal Rais Consulting. MD @ Blackrock. COO, Neeve. VP BD, GridPoint. SVP, Reuters/Tibco/Teknekron.

Manju Nishshanka

CEO of KRMG Capital. Investment banking @ Merrill Lynch and Amey. MBA from TRIUM, MS in Finance from City University, London.