A growing number of mainstream giants are looking into blockchain technology. With that, comes an expanding need for supporting tools and structures. Back in the gold rush days, pick and shovel businesses raked in the cash as they helped miners pursue the precious yellow metal.
Similarly, software mammoth Oracle is using its products and solutions to help big businesses incorporate blockchain.
Utilizing Oracle's various technologies, such as its "cloud platform," the company built the "Oracle Blockchain Platform," which saw general availability release in July 2018, said Frank Xiong, group vice president, blockchain product development at Oracle.
This platform is "fully managed," by Oracle and operates as a Platform as a Service (PaaS), Xiong explained. Interested parties can "subscribe [to] the service, and cloud service there, and then use that service to build their blockchain application on top of.
"Other software players have also thrown their hats into the blockchain ring with similar endeavors. Amazon Web Services (AWS), for example, boasts centralized and decentralized options for customers with Amazon Managed Blockchain and Amazon Quantum Ledger Database (QLDB).
Oracle's blockchain platform is "industry neutral" and "enterprise-grade," Xiong detailed. This essentially means the platform is capable of scaling for large operations spanning many different industries.
"Our primary focus is on the enterprise customers because that's traditionally Oracle's clientele," Xiong said. "We have very high standards on [...] scalability, performance and high availability," as well as other similar characteristics, he added, "just like our other products and services here.
"Oracle has already seen a large number of clients develop blockchain applications and endeavors utilizing its blockchain service.
Oracle's blockchain service has clientele from a broad range of sectors harnessing the tech for use cases such as supply chain and identity management, Xiong mentioned.
Similarly, software mammoth Oracle is using its products and solutions to help big businesses incorporate blockchain.
Utilizing Oracle's various technologies, such as its "cloud platform," the company built the "Oracle Blockchain Platform," which saw general availability release in July 2018, said Frank Xiong, group vice president, blockchain product development at Oracle.
This platform is "fully managed," by Oracle and operates as a Platform as a Service (PaaS), Xiong explained. Interested parties can "subscribe [to] the service, and cloud service there, and then use that service to build their blockchain application on top of.
"Other software players have also thrown their hats into the blockchain ring with similar endeavors. Amazon Web Services (AWS), for example, boasts centralized and decentralized options for customers with Amazon Managed Blockchain and Amazon Quantum Ledger Database (QLDB).
Oracle's blockchain platform is "industry neutral" and "enterprise-grade," Xiong detailed. This essentially means the platform is capable of scaling for large operations spanning many different industries.
"Our primary focus is on the enterprise customers because that's traditionally Oracle's clientele," Xiong said. "We have very high standards on [...] scalability, performance and high availability," as well as other similar characteristics, he added, "just like our other products and services here.
"Oracle has already seen a large number of clients develop blockchain applications and endeavors utilizing its blockchain service.
Oracle's blockchain service has clientele from a broad range of sectors harnessing the tech for use cases such as supply chain and identity management, Xiong mentioned.