Oracle launches Blockchain Cloud Service

Oracle has launched its blockchain service, after the tech giant revealed plans back in May.

The Oracle Blockchain Cloud Service gives clients room to test their own networks, and it will also integrate with Oracle’s Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), and other third party applications.

Amit Zavery, executive vice president of Oracle Cloud Platform, said: “We are excited to announce the availability of Oracle Blockchain Cloud Service. It is the result of years of R&D alongside our valued partners and customers.

With Oracle’s platform, enterprises can enhance their business, eliminate unnecessary processes, and transact with their distributed networks more easily, transparently and securely than ever before.”

Additional Oracle SaaS blockchain apps have also been introduced, which allow users to perform track and trace, warranty and usage, provenance identification, cold chain and more.

Brian Behlendorf, executive director at Hyperledger – the base for Oracle’s new plaform – said: “Based on Hyperledger Fabric, Oracle’s platform, with its support for interoperability with non-Oracle Hyperledger Fabric instances, will help build further support for open standards and interoperability, while illustrating how quickly, easily and securely businesses can begin utilizing blockchain to improve business processes.”