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Oracle Cements Interest on Blockchain: Joins Hyperledger

Eric Jacobsen
Product Marketing Director
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.
 
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. 
 
Using Hyperledger Fabric as a starting point, Oracle plans to make a Blockchain Cloud Service available, with a goal to offer a highly advanced and differentiated enterprise-grade distributed ledger cloud platform for customers who are looking to build new blockchain-based applications and/or extend their current SaaS, PaaS, IaaS and on-premises applications. We are focusing on strengthening the fundamental technology foundations of distributed ledgers, simplifying and accelerating deployment of blockchains, and supporting customer use cases.  Currently our objectives are:
 
1. To address mission-critical enterprise needs such as scalability, security, robustness, integration, and performance to remove barriers to adoption and support blockchain applications in production.
 
2. To make it easy for customers to deploy, configure, manage and monitor blockchain and reduce the cost for deploying blockchain in enterprises by offering it as a Platform as a Service (PaaS) Cloud solution.
 
3. To accelerate the development and integration of blockchain applications with Oracle Cloud App Dev platform and built-in DevOps capabilities.
 
4. To help Oracle SaaS cloud customers enable their enterprise processes like Procurement, Payments, Trade Finance, Accounting, HR, CX to securely share data and conduct distributed transactions with 3rd party applications and external distributed ledger technologies using blockchain cloud platform.
 
Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration focused on business blockchain frameworks, hosted by The Linux Foundation, including leaders in finance, banking, IoT, supply chain, manufacturing and technology. For more information, please visit https://www.hyperledger.org/.
 
For more information, please contact your Oracle Cloud sales representative or visit https://cloud.oracle.com/home and use Contact or Chat channels at the top of the page. 

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Comments ( 5 )
  • Marc Connolly Monday, August 14, 2017
    Good news
  • Mayank Jain Wednesday, August 16, 2017
    I want to learn this technology.
  • Richard Larrabee Thursday, August 17, 2017
    Glad to see that we've taken path here. Lot's of interest coming out of the Energy industry in using Blockchain to secure sensitive data flowing out of the oilfield.
  • Tanmay Garg Monday, August 21, 2017
    Interested in being part of this revolution which oracle is going to bring
  • Akira Shimizu Wednesday, August 23, 2017
    Thanks Eric. Please also include me in the loop of discussions going forward.
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