Oracle to Release Blockchain Products Line

Software Development President Thomas Kurian announced that a platform-as-a-service product will be introduced this month
08 May 2018   1112

One of the largest software providers Oracle in the next 2 months will launch line of blockchain products, according to Bloomberg.

Software Development President Thomas Kurian announced that a platform-as-a-service product will be introduced this month, and applications based on the distributed ledger are as follows.

The California company is working with Banco de Chile on recording the protocol of interbank transactions using Hyperledger technology. Oracle is cooperating with the government of Nigeria, which wants to use the blockchain for the conduct of customs documentation.

Oracle will also provide access to its products to pharmaceutical companies that can use them to track supply chains.

According to Kurian, Oracle's blockchain solutions will be compatible with other platforms.

Oracle joined Hyperledger's consortium in August last year, and in October, it announced that it will use distributed ledger technology to manage supply channels.

Bakkt to Release Consumer App This Year

The app can be used for a wide range of tasks, e.g., crypto and securities trading, virtual goods purchase, etc
23 January 2020   101

Institutional Investor Platform Bakkt will release an app for retail investors this year, with which users can pay with cryptocurrency.

According to the president of Bakkt Adam White at the World Economic Forum in Davos, the application can be used for a wide range of tasks. In addition to trading cryptocurrencies, it will support various virtual “goods” like points of loyalty programs.

In addition, in the future it is possible to add securities trading, as well as the creation of a portal for shops and merchants. That is, the application will be more like a traditional fintech product like PayPal than a solution from a cryptocurrency exchange.

Although the Bakkt platform was originally created for institutional investors, the new director of Mike Blandina is very serious about entering the retail market. Earlier, he said that the application for retail investors should be released in the first half of 2020.

I do not think we are there yet. What gives me optimism is that we are seeing a lot of developer interest. I am confident that someone is going to find something.

 

Adam White

President of Bakkt

 White added that the cryptocurrency market is still underdeveloped.