Oracle creates a blockchain cloud service

posted 2 months ago
On the first day of the OpenWorld conference, Oracle is rolling out Blockchain Cloud Service, helping the tech giant catch up with competitors like Microsoft and IBM.

Once a customer subscribes to Oracle's Blockchain Cloud Service, which is part of the Oracle Cloud Platform, they can use the platform to build a blockchain network and then let Oracle manage the network infrastructure.

Customers can then build their own smart contracts and applications on top of the network.

Oracle is promising "most comprehensive and enterprise grade blockchain service platform," Frank Xiong, Group VP of Blockchain Cloud Service, said to ZDNet, meaning it should be highly scalable, highly secure, and easy to integrate with existing applications.

Oracle is also stressing the ability for enterprises to use the Blockchain Cloud Service to move operations beyond their own internal ecosystem by sharing data and monitoring transactions within and outside of the Oracle Cloud.
Tags: blockchain, news