Oracle to unveil it’s Blockchain software soon
California based multinational company, Oracle will introduce its Blockchain software in this month, as reported by Bloomberg. They are going unveil platform-as-a-service blockchain product this month. They are also going to introduce decentralized ledger-based application next month. The news was confirmed by Thomas Kurian who is the president of product development at Oracle Headquarters.
— Bloomberg Crypto (@crypto) 7 May 2018
Blockchain functionality updates records and eliminates any risks associated with the confidential information that is held by a single entity.
This globally known company is working in cooperation with Banco de Chile. They are together working to log inter-bank transactions on a hyperledger, as confirmed by Kurian.
Furthermore, Oracle products will be directed to pharmaceutical companies that can keep a track of every batch of medicine.
Many well known companies have already adapted Blockchain into their businesses. Companies are looking upto blockchain solutions as it is a distributed ledger technology that ensures secured execution of transactions and maintain and updates every record as well. It also ensures transparency for every operation that is performed using Blockchain.
Salesforce Inc. CEO had stated earlier about launching their own Blockchain product. IBM already has its own Blockchain platform called “IBM Blockchain”. Blockchain platform has been very helpful in resolving business solutions in many industries.
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