Oracle is the latest major IT provider to offer a blockchain cloud service; IBM and Microsoft have both been offering their own version of this for a while.
SAN FRANCISCO–Oracle has joined the emerging world of blockchain financial-exchange security IT with the launching of the Oracle Blockchain Cloud Service at OpenWorld 2017.
The advanced, enterprise-grade distributed ledger cloud platform enables customers to speed up the pace of business and reduce cost and risk by securely extending enterprise resource planning, supply chain and other enterprise SaaS and on-premises applications to run tamper-resistant transactions on a trusted business network.
As part of Oracle Cloud Platform, Oracle Blockchain Cloud Service features an enterprise-grade blockchain platform that is fully managed by Oracle. The company said the service provides customers with rapid provisioning, built-in monitoring, continuous backup and point-in-time recovery.
Oracle is the latest major IT provider to offer a blockchain cloud service; IBM and Microsoft have both been offering their own version of this for a while. Big Blue launched its own blockchain cloud service a year ago.
Source/More: Oracle Launches Enterprise-Grade Blockchain Cloud Service
