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  • December 11, 2018

What CEOs Really Want from Blockchain

Jay Chugh
Senior Director, Products

A popular technology and business publication, eWeek, ran an article recently. The article talked about what CEOs and enterprise leaders really want from emerging technologies such as Blockchain and AI. I was naturally curious as these are areas my team is deeply involved in. It has a fitting quote from our CEO, Mark Hurd, who recently gave a keynote address at BlockLand (Blockchain) event in Cleveland.

“This nonsense about: ‘These are separate solutions, and you’re going to extract data from an application, send it to some other solution that’s called blockchain or some other solution that’s called AI’—that’s not how the market’s going to end,”  - Mark Hurd, CEO, Oracle.

Image result for Blockland mark hurd

 

 

 

 

 

 

 

 

 

The article and Mark's quote summarized well what we are seeing in the field among our Cloud customers for these emerging technologies. The enterprise CEOs want to "invest" in technology that not only allows them to reduce cost but also to drive newer revenue streams and profitability. And a key to driving new revenue streams and profitability with Blockchain and AI is to make these technologies transparently available through new and existing enterprise applications. Enterprises want to focus on their business, and less on managing and maintaining the ever changing technology stack.  

Oracle's strategy is aligned with this approach. We enable enterprises to easily consume and manage Blockchain through a fully-managed Oracle Blockchain Cloud Service that offers complete flexibility to develop Blockchain networks and solutions. The blockchain platform comes pre-integrated with Identity management, other Oracle PaaS tooling, and provides plug-and-play integrations with backend ERP, Supply Chain, Human Capital applications. 

To learn more about Oracle's Blockchain Products and Strategy, please visit here

To read the eWeek article, please visit here.  

 

 

 

 

 

 

 

 

 

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