Software Giant Oracle Expands Its Enterprise Blockchain Platform

Published at: Feb. 12, 2019

Global computer tech giant Oracle is expanding features on its enterprise-grade Oracle Blockchain Platform, the firm announced in a press release on Feb. 12.

The platform’s new capabilities reportedly intend to simplify the process of integrating existing business and IT systems, as well as to speed up development and deployment of new blockchain applications.

The new features provide Oracle’s customers with a number of developer tools, identity management and data integration features, such as enabling the integration of blockchain transaction history with other data resources.

Specifically, new features include an enhanced world state database, a rich history database, identity federation and support for Hyperledger Fabric version 1.3.

In the press release, Oracle also outlined its key global customers that have successfully incorporated blockchain applications using its platform. Oracle’s partners include China Distance Education Holdings Limited, supply chain-oriented Circulor firm and e-document settlement company SERES.

Oracle also mentioned other clients that include a number of global financial institutions such as Arab Jordan Investment Bank, ICS Financial Systems and SDK.Finance.

United States-based Oracle is ranked second-largest public software and programming firm after Microsoft, according to Forbes.

As Cointelegraph reported yesterday, tech giant IBM has released its blockchain mainnet out of its data center located in Melbourne, Australia. The move will purportedly allow Australian customers to run their blockchain-based applications on the company's cloud and abide by local data laws.

Tags
Adoption
Blockchain
Related Posts
Ethereum white paper predicted DeFi but missed NFTs: Vitalik Buterin
Rounding up the last decade, Ethereum co-founder Vitalik Buterin revisited his predictions made over the years, showcasing a knack for being right about abstract ideas than on-production software development issues. Buterin started the Twitter thread by addressing his article dated Jul. 23, 2013 in which he highlighted Bitcoin's (BTC) key benefits — internationality and censorship resistance. Buterin foresaw Bitcoin’s potential in protecting the citizens’ buying power in countries such as Iran, Argentina, China and Africa. However, Buterin also noticed a rise in stablecoin adoption as he saw Argentinian businesses operating in Tether (USDT). He backed up his decade-old ideas around …
Adoption / Jan. 2, 2022
Why Kevin O'Leary thinks NFTs could become bigger than Bitcoin
Millionaire investor and crypto proponent Kevin O'Leary thinks that the NFT sector could be worth more than Bitcoin in the future. Speaking with CNBC’s Capital Connection on Jan. 5, O'Leary — also known as Mr. Wonderful — argued that NFTs provide a greater potential to attract capital than Bitcoin due to their ability to tokenize and authenticate physical assets such as cars, watches and real estate: “You’re going to see a lot of movement in terms of doing authentication and insurance policies and real estate transfer taxes all online over the next few years, making NFTs a much bigger, more …
Adoption / Jan. 6, 2022
US Treasury targets NFTs for potential high-value art money laundering
The U.S. Department of the Treasury released a study on the high-value art market, highlighting the potential in the nonfungible tokens (NFT) space to conduct illicit money laundering or terror financing operations. The treasury’s “Study of the facilitation of money laundering and terror finance through the trade in works of art” suggested that the increasing use of art as an investment or financial asset could make the high-value art trades vulnerable to money laundering: “The emerging online art market may present new risks, depending on the structure and incentives of certain activity in this sector of the market (i.e., the …
Adoption / Feb. 6, 2022
Shopify Bitcoin payments integration triggers legal questions from the community
Following the announced integration of the payment app Strike with e-commerce platform Shopify to accept Bitcoin (BTC) through the Lightning Network, the crypto community raised concerns over the legal implications of the move. Crypto researcher Matt Ahlborg believes that the event is a very significant development for BTC as it allows the offloading of BTC without the need to go through the know-your-customer (KYC) process. What Jack Mallers is really saying is that you will be soon be able to offload your Bitcoins in the real world without KYC'ing through an exchange first. If this is true, it is actually …
Adoption / April 8, 2022
Bank of Israel experiments with central bank digital currency smart contracts and privacy
On Monday, the Bank of Israel released the results of a lab experiment that examined user privacy and the use of smart contracts in payments. This was the central bank’s first technological experiment with a central bank digital currency (CBDC). The first stage of the experiment modeled the sale of a car within a two-tier system with an intermediary payment service provider. The bank said that the service provider completed Know Your Customer (KYC)/Anti-Money Laundering (AML) checks and provided the necessary blockchain addresses. A nonfungible token (NFT) was issued to show ownership of the car in the absence of a …
Adoption / June 21, 2022