Oracle on Monday announced the general availability of its Blockchain Cloud Service, which allows organisations to set up and manage networks of distributed ledgers using blockchain technology.
Oracle had been testing the new blockchain platform with select customers in the last few months including some India such as Indian Oil. But now the service is available to anyone who would like to use it.Oracle Blockchain Cloud Service will provide customers with a development platform to build their own networks, and to integrate with Oracle SaaS and third-party applications they already use, as well as other blockchain networks and Oracle PaaS services. It also enables users to provision blockchain networks, join other organisations and deploy and run smart contracts to update and query the ledger.Oracle’s blockchain platform is built on Hyperledger Fabric, a service originally built by IBM and now managed by Linux Foundation. Oracle joined Linux Foundation’s blockchain arm late last year.
It benefits from broad capabilities in Oracle Cloud Platform for integration with existing cloud and on-premises applications, API management, and application development environments and tools. Additionally, Oracle is delivering new SaaS applications to deploy blockchain technology for common uses, such as track and trace, provenance identification, warranty and usage and cold chain.
Citizen services
Zavery said Oracle is already in talks with several State and Central government agencies in India for the deployment of blockchain in citizen services. The newly launched service will expand Oracle’s cloud offerings in India and offer it deeper inroads into Indian enterprises, he added.