Oracle’s announcement of the new Blockchain Cloud Service at OOW17 was very well received by our customers, partners and analysts. This came shortly after the August announcement that Oracle has joined the Hyperledger project, which provided clear directions that Oracle embarks on open source collaboration, modular architecture, horizontal/cross-industry technology support, and support for enterprise needs. (see Oracle announcement: Oracle Cements Interest on Blockchain: Joins Hyperledger). The Hyperledger project is a global collaboration, hosted by The Linux Foundation, including leaders in finance, banking, IoT, supply chain, manufacturing and technology
Oracle Blockchain Cloud Service is a new offering that is part of Oracle’s comprehensive platform-as-a service, more particularly part of our modern Application Development portfolio. In alignment with Oracle PaaS strategy, each new service can be deployed in its own right to deploy for customer projects, but is very much designed to deliver best value add in combination with other Oracle PaaS, SaaS and on-premise Applications, leveraging our IaaS components and choice of deployment.
Two other key capabilities of Oracle Blockchain Cloud Services are the possibility to set up a turn-key sandbox environment for corporate IT developers and ISVs and the ease of on-boarding and connecting members and creating and supporting smart contracts. Both will enable you as a partners and your customers to kick off internal projects very easily and promote these to a production environment quickly and at scale.
To get you up to speed on blockchain, we would recommend the following article: What Is Blockchain Technology? A Step-by-Step Guide for Beginners. And visit the Blockchain pages on oracle.com for technical explanation and listing of different use cases.
Interested to learn more about Oracle Blockchain Cloud Service and what it could mean to your customers? Stay tuned as we will release more in-depth and technical documentation soon. For further information please contact:
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