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   513

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.

Ontology to Open Research Institute

Dean of the institute is senior blockchain and cryptography expert Dr. Mao Xianping 
08 November 2018   182

Popular cryptocurrency project Ontology announced the launch of a new research initiative called the Ontology Research Institute.

The purpose of the research institute is to work with the basic elements of the blockchain technology and to find opportunities for the discovery and application of developing technologies, as well as to have a positive impact on the development of the entire industry.

Currently, the staff of the Ontology Institute are more than 10 people. The initiative was headed by Mao Xianping, who holds a doctorate in cryptography from the University of Shanghai Jao Tong.

Dr. Mao holds a PhD in Cryptography from Shanghai Jiao Tong University. He is committed to innovation and application research of blockchain underlying technology and cryptography, and has a deep understanding of blockchain consensus mechanisms, blockchain privacy protection, and data security. Mao has been in well-known international journals in the field of cryptography and has published more than ten related academic papers for conferences.
 

Ontology Press Release

Ontology notes that the new research institute will become a link with the technical community that has emerged in its ecosystem and scientific institutions, and will also play an important role in enhancing the technological value of the company's product.

In the future, Ontology Research Institute will focus on the following areas:

  • Exploring the next generation of the blockchain architecture to build more secure and scalable systems, including sharding and multi-chain support;
  • Exploration of the platform for the practical use of the blockchain, which will be characterized by ease of use, privacy and controllability, and support technologies such as zero-disclosure evidence, secure multilateral computing, and a trusted runtime environment;
  • Providing reliable technical support for building distributed trust ecosystems, including multidimensional identification systems, data exchange systems and credit rating systems.

Currently, Ontology is the 28th largest cryptocurrency with a capitalization of $ 344 million. Over the last month, the ONT has shown a moderate decline and is trading at $ 1.67 at the time of publication.