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   755

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.

Hyperledger to Release New Framework Grid

New framework is designed for mature businesses standards implementation
25 January 2019   300

The Hyperledger consortium introduced the Grid framework for developers of blockchain supply chain solutions.

Hyperledger platforms are flexible by design, but, as such, do not speak the language of any business or have opinions on how basic data types should be stored. In reality, enterprise business systems and market models are actually quite mature, as organizations have been transacting electronically based on common standards for decades.  Grid will provide a place for implementations of these standards and norms.
 

Hyperledger Team

Hyperledger Grid
Hyperledger Grid

The initiative has already been supported by Cargill, Intel and Bitwise IO.

Previously, the Hyperledger technical steering committee approved the Ursa project, a modular cryptographic library for solution developers based on distributed registry technology.