ZorroSign Broadens Its Data Security Offerings Through Integration with Provenance Blockchain
ZorroSign, a prominent player in data security solutions leveraging multi-chain blockchain technology, has unveiled an advanced integration with the Provenance Blockchain.
The Provenance Blockchain is a decentralized platform specifically designed for financial services and boasts a remarkable $8 billion in total real-world financial asset value locked (TVL).
ZorroSign users can now securely store digital document information, encompassing signatories, signatures, and transaction metadata, on the Provenance Blockchain. They can also verify the immutability of this data through digital certificates with comprehensive audit trails.
The utilization of public blockchains like Provenance Blockchain offers several advantages for data privacy and security. These benefits include decentralization, which enhances data resistance to hacking and breaches, transparency, facilitating improved audits and data tracking, and cryptography, safeguarding data from unauthorized access or alteration. This integration could carry significant implications across various sectors.
For instance, healthcare providers can now manage patient records and clinical trial data in a secure and privacy-preserving manner. Financial service providers gain a robust tool for secure and compliant management of financial transactions and customer data. Additionally, government agencies can leverage this technology for the secure and transparent management of critical data, such as land records and voting systems.
It is worth noting that Provenance Blockchain has played a pivotal role in numerous financial services milestones, including the inception of blockchain-native consumer loans, asset-backed securitization on blockchain, and the introduction of bank-minted tokenized deposits in the United States.
Notably, over 70 leading financial institutions, including Apollo Global Management, Hamilton Lane, and Guaranteed Rate, along with innovative fintech companies, utilize Provenance Blockchain.
As for ZorroSign, it seems that the team is focused on safeguarding and empowering individuals, businesses, and governments in their digital endeavors. The data security platform integrates Hyperledger Fabric and Provenance Blockchain, offering a comprehensive suite of features, including digital signatures (Z-Sign), automated compliance (Z-Flow), intelligent form completion (Z-Fill), immutable document storage (Z-Vault), patented fraud prevention (Z-Forensics), user authentication, document verification (Z-Verify), identity-as-a-service (IDaaS) capabilities, and much more.
