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Oracle introduces Blockchain Cloud Service

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…