Oracle Blockchain Opens for Business [Fortune]
International Business Machines Corporation (IBM)
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Source: Fortune
Oracle’s blockchain platform is hitting the market on Monday. The service provides software and server infrastructure for customers to set up and manage networks of distributed ledgers , the tech at the heart of cryptocurrencies. Companies can use these novel blockchain databases to help monitor supply chains, track global shipments, make cross-border payments, and more. Oracle had been testing the new blockchain platform in pilot programs with early adopting customers in recent months. After seeing success in the trials, Oracle decided to bring the offering into full production. “Anywhere there’s data transfer and information flow, blockchain has a potential application,” says Amit Zavery, executive vice president of Oracle’s cloud unit. “All that kind of stuff where we want to have trust and make sure things happen smoothly.” One customer, Solar Site Design, a solar energy equipment supplier, has been using the blockchain service to keep tamper-proof records re
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