Legal Entity Identifier Blockchained by a Hyperledger Indy Implementation of GraphChain

Abstract

The main idea behind GraphChain is to use blockchain mechanisms on top of abstract RDF graphs. This paper presents an implementation of GraphChain in the Hyperledger Indy framework. The whole setting is shown to be applied to the RDF graphs containing information about Legal Entity Identifiers (LEIs). The blockchain based data management system presented in the paper preserves all the benefits of using RDF data model for the representation of LEI system reference data, including powerful querying mechanisms, explicit semantics and data model extensibility with the security and non-repudiation of LEIs as the digital identifiers for legal entities.