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.