Oracle launches enterprise-grade blockchain cloud technology

Oracle has announced Oracle Blockchain Cloud Service, which it says will enable customers to leverage one of today's most disruptive emerging technologies. 

The enterprise-grade distributed ledger cloud platform helps customers increase business velocity, create new revenue streams, and reduce cost and risk by securely extending ERP, supply chain, and other enterprise SaaS and on-premises applications to drive tamper-resistant transactions on a trusted business network.

Part of Oracle Cloud Platform, Oracle Blockchain Cloud Service delivers an enterprise-grade blockchain platform with industry leading resiliency, scalability and security.

It is fully managed by Oracle and provides customers rapid provisioning and simplified operations with built-in monitoring, continuous backup, and point-in-time recovery.

SEE ALSO:

• SAP announces partners for IoT blockchain initiative

• Celtech and WCS partner to offer end-to-end retail and warehouse management technology

• Fujitsu enlists SAP Ariba to ensure it is ready for era of 'digital disruption'

“Blockchain holds the promise to fundamentally transform how business is done, making business-to-business interactions more secure, transparent, and efficient," said Amit Zavery, senior vice president, Oracle Cloud Platform.

“Oracle Blockchain Cloud Service provides enterprise-grade blockchain capabilities and is able to accelerate innovation for on-premises ERP and cloud-based SaaS and PaaS customers.

“Enterprises can now streamline operations across their ecosystem and expand their market reach with new revenue streams, sharing data and transacting within and outside the Oracle Cloud.”