Database Company Oracle Joins Hyperledger

Database Company Oracle Joins Hyperledger

Computer technology company Oracle has reportedly joined the Hyperledger project, the initiative led by the Linux Foundation.Using Hyperledger Fab

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Computer technology company Oracle has reportedly joined the Hyperledger project, the initiative led by the Linux Foundation.

Using Hyperledger Fabric as a starting point, Oracle plans to release a Blockchain Cloud Service, according to their blog post.

“Blockchain technology has the potential to dramatically enhance enterprise business value by enabling near real-time, distributed transactions across customers’ ecosystems and by enabling secure, tamper-proof data sharing.”, as the Product Marketing Director of the company, Eric Jacobsen wrote in the post.

“Recently, Oracle joined the Hyperledger consortium because of the consortium’s approach to blockchain using open source collaboration, modular architecture, horizontal/cross-industry technology support, and support for enterprise needs. Oracle looks forward to participating in Hyperledger for the benefit of our global customer base and the market at large.”, as he added.

In general, Oracle is focused on strenghtening the fundamental technology foundations of distributed ledgers as they explained.

Their current objectives include addressing mission-critical enterprise needs, making it easy for cusomers to deploy blockchain, accelerating the development and integration of blockchain applications with Oracle Cloud App Dev Platform and help Oracle SaaS cloud customers enable their enterprise processes, as the blog post pointed out.

Hyperledger is an open-source collaborative project that focuses on business blockchain frameworks.

More information about Oracle Cloud can be found on the following link.

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