One of the world’s largest software companies will be launching their Oracle blockchain product this month. Following suit with the ever growing list of companies to add digital ledger technology (DLT) to their repertoire of services, Oracle Corp. joins in the running.
Thomas Kurian – President of Software Development, announced from their Redwood City headquarters in California:
Oracle will introduce an enterprise level ‘platform-as-a-service’ product this month, and decentralized ledger based applications next month.
Kurian went on to explain that their Oracle blockchain product will be compatible with other platforms.
IBM are already steaming ahead with a long list of enterprise level partnerships on their IBM Hyperledger blockchain platform. As well as Microsoft, Amazon’s cloud division is actively developing blockchain enterprise products for larger companies.
Oracle are currently working with Chilean bank and financial services company Banco de Chile to log inter-bank transactions on a hyperledger. Kurian also mentioned that the government of Nigeria are seeking to use blockchain for their customs and import duties.
“Oracle’s products will also be pitched to pharmaceutical companies to track and trace batches of medicine, which may potentially ease recalls.”
In October last year, at their ‘Oracle Open World 2017′ event, they unveiled their intentions to integrate blockchain technology into their services, with the introduction of Auroblocks, a collaboration with the Linux Foundations Hyperledger Project.