OneSpan is a Web3 platform that offers a dedicated eClosing solution designed to digitize and secure the entire lifecycle of high-value digital agreements, particularly in the mortgage and lending industries. The platform streamlines the closing process by enabling remote online notarization (RON), electronic signatures, and identity verification, all within a secure and compliant digital environment. A central component of this solution is the OneSpan eVault, a specialized repository for managing the authoritative copy of critical digital documents, such as promissory notes (eNotes).
To provide an unparalleled level of trust and auditability, OneSpan has integrated its platform with ProvenDB, a data integrity service built on the Hedera network. When a document is signed or a key milestone is reached in the eClosing process, a cryptographic fingerprint (hash) of the agreement is anchored to the Hedera public ledger. This action, facilitated by ProvenDB, creates a permanent and immutable timestamped record on the Hedera Consensus Service (HCS).
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ConsentCheq, a service by PrivacyCheq, is a consent management platform that helps businesses comply with global privacy regulations such as GDPR, CCPA, and COPPA. Since its launch in 2016, the company has focused on providing a "single source of truth" for user consent, enabling enterprises to manage and honor user privacy preferences in real-time across all their systems.
The core of ConsentCheq's service is a full-stack transparency and consent management solution. It provides tools for businesses to deliver clear privacy notices and to capture, log, and manage user consent for data collection and processing. A key feature is the "Consent Dashboard," a centralised interface where users can view and control their privacy settings for any business that uses the ConsentCheq service. The platform also offers "Consentive," an incentive-based system where consumers can be rewarded with micropayments for granting consent, which is designed to increase opt-in rates for data processing.
ConsentCheq's connection to the Hedera network is central to its "Consentive" service. The platform uses the Hedera Consensus Service (HCS) to create a high-throughput, low-cost, and auditable log of consent verification and payment events. Under privacy laws, advertising networks must verify consumer consent each time they process or track them.
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WebShield is a cybersecurity company developing a decentralized platform for managing digital identities and securing online communications. Its mission is to bring improve trust and privacy on the internet by providing individuals and businesses with the tools to control their own data.
The core of WebShield's service is its "Trust-as-a-Service" platform, which is built on the principles of self-sovereign identity (SSI). It includes a suite of tools for issuing and verifying Verifiable Credentials, which are digital versions of physical documents such as passports and driver's licenses. The platform is designed to be compliant with a wide range of industry standards, including those from the Trust over IP Foundation, the W3C, and the OpenID Foundation. A key use case for WebShield's technology is in securing the Internet of Things (IoT), where it can be used to create a secure and trusted environment for machine-to-machine communication.
WebShield is built on Hedera's distributed ledger technology, which is used to provide an immutable and auditable record of all identity-related transactions.
The Hyperledger Fabric plugin for Hedera Consensus Service (HCS) enables Hyperledger Fabric networks to utilize the Hedera public network for transaction ordering. This plugin allows developers to replace or augment traditional Fabric ordering services such as Raft or Kafka with HCS, leveraging Hedera's asynchronous Byzantine Fault Tolerant (aBFT) consensus mechanism.
The core function of the plugin is to have Fabric orderer nodes submit endorsed transactions to a designated topic on the Hedera Consensus Service. HCS then assigns these transactions a unique, immutable, and verifiable consensus timestamp and sequence. Fabric orderers subscribe to this topic via a Hedera mirror node, retrieve the ordered transactions, and use this sequence to consistently form blocks and propagate them within the private Fabric network.
By integrating HCS, Hyperledger Fabric applications gain several benefits including enhanced trust and decentralization in the ordering process, public verifiability of transaction sequences for increased auditability, and potentially reduced operational complexity compared to managing a traditional private ordering service.