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.
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.