Oracle unveils enterprise blockchain service

Oracle has unveiled its Blockchain Cloud Service, a cloud-based blockchain platform aimed at enterprise customers.

The service forms part of the Oracle Cloud Platform, and provides enterprise customers with tools that improve supply chain efficiency and provide tamper-resistant transactions.

“Blockchain holds the promise to fundamentally transform how business is done, making business-to-business interactions more secure, transparent, and efficient,” said Oracle.

Oracle has also joined Hyperledger, an open-source effort to create cross-industry blockchain technologies hosted by the Linux Foundation.

The company said its blockchain service will deliver faster business processes while reducing risk and complexity.

Now read: Oracle hires 5,000 employees for cloud software business

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Oracle unveils enterprise blockchain service