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   1394

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.

Cobalt & Lithium Supplies to be Tracked With DLT

The platform will be created by the Everledger together with Circulor using Hyperledger Fabric
26 March 2020   878

Everledger, a British startup, has partnered with Circulor to develop a platform based on the Hyperledger Fabric blockchain to track supply chains of cobalt and lithium.

Everledger specializes in using blockchain to combat counterfeiting of precious stones, in particular diamonds. The company’s management said it intends to expand its business using blockchain to control the supply of rare minerals used in the production of batteries.

Well-known carmaker Mercedes Benz is already using Circulor technology to track its supply of cobalt and its carbon footprint. Circulor and Everledger share a similar concept - with the help of the blockchain they control the observance of social and environmental standards in mining. Therefore, startups decided to develop a joint product.

Everledger co-founder Leanne Kemp and Circulor CEO Doug Johnson-Poensgen said their solution will work on the Hyperledger Fabric blockchain. The possibility of interacting with IBM is also being discussed.

Poensgen added that the platform will be used not only to track cobalt production in the Democratic Republic of Congo, but in different regions of the world. For example, lithium mining in the Atacama desert leads to water pollution, so the solution on the blockchain is aimed at preventing environmental disasters.