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Sunday, October 8, 2017

Blockchain News: Oracle climbs on blockchain bandwagon with new cloud service

Oracle climbs on blockchain bandwagon with new cloud service

Oracle is working hard to be a SaaS vendor that matters, whether with its new autonomous database service or getting involved with blockchain. Today, the database giant announced a new blockchain service at Oracle OpenWorld that aims to give enterprise customers who want to get involved with the blockchain, a fully managed approach.

“There are not a lot of production-ready capabilities around Blockchain for the enterprise. There [hasn’t been] a fully end-to-end, distributed and secure blockchain as a service,” Amit Zavery, senior vice president at Oracle Cloud said.

The Oracle blockchain service is built on the open source Hyperledger Fabric projectThe company joined the Hyperledger project in August ahead of this announcement. Oracle joins IBM in building a blockchain cloud service on top of the Hyperledge Fabric project.

Zavery says the purpose of this service is to give those companies who are interested in the technology a running start by taking the base capabilities in the open source project, then adding security, confidential permissions and APIs to build blockchain applications on top of that. He says there is also transaction monitoring and processing under the covers.


Full story at http://tcrn.ch/2xqVaW4


Source: TechCrunch


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