China’s Baidu joins Hyperledger

Baidu, China’s leading Internet search engine, confirms its interest in blockchain technology by becoming a member of Hyperledger
18 October 2017   686

China’s relationships with crypto universe have been quite intense lately. Thus, due to the whole China-against-Bitcoin thing, the top cryptocurrency price has fallen. On top of that, according to undisclosed sources, the Chinese government has officially decided to crack down on all Bitcoin and cryptocurrency trading, not just commercial exchanges.

Still, it seems like the prohibitions of cryptocurrency exchanges and token offerings have not dissuaded domestic blockchain development.

Thus, now Baidu joines an open-source collaboration for blockchain technology - Hyperledger. It's noteworthym that, according to alexa.com data, baidu.com is the most popular website in China and ranks fourth globally

For now, it’s unclear whether Baidu will immediately incorporate blockchain technology or not, but the company has a broad product base for experimentation. 

Oracle to Release Own Blockchain Service

Oracle Blockchain Cloud Service (OBCS) is based on Hyperledger Fabric technology and is focused on achieving maximum efficiency in the transactions transfer
18 July 2018   90

The American technology company Oracle confirmed the official launch of its blockchain platform, which was preceded by a series of tests with the participation of customers from the banking industry, business and government sector.

Oracle Blockchain Cloud Service (OBCS) is based on Hyperledger Fabric technology and is focused on achieving maximum efficiency in the transactions transfer.

According to a press release, the current clients of Oracle's blockchain product are, among others, Arab Jordan Investment Bank (AJIB), Indian Oil and Gas Company Indian Oil and the Nigerian Customs Service.

Blockchain promises to be one of the most transformative technologies of our generation. 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.
 

Amit Zavery

Executive vice president, Oracle Cloud Platform

Last week, Fujitsu announced the launch of a service with which it promises to integrate the blockchain into its existing business in just 5 days.