Database Giant Oracle Joins Hyperledger Blockchain Project

Database Giant Oracle Joins Hyperledger Blockchain Project

Computer technology multinational Oracle has officially joined the Hyperledger project, the Linux Foundation-led blockchain development initiative.

In joining the effort, Oracle – which outlined its participation in a blog post – plans to use the Hyperledger Fabric blockchain code as the basis for a new cloud-based service.

Amit Zavery, Oracle’s SVP for cloud platforms and middleware, said in a statement:

“As we develop our blockchain cloud platform for enterprise use, we believe scalable cross-industry technologies, confidential transactions, and modular architecture promoted through initiatives like the Hyperledger Project, are critical components.”

Hyperledger’s newest members – the Patientory Foundation and BTS have also just joined – come amid election season for the project. Hyperledger stakeholders have just selected the newest members of its technical steering committee, with voting for the committee’s new chairman beginning today.

That Oracle would look to grow its involvement in the blockchain space is perhaps unsurprising, given the interest the company has expressed toward the tech in the past. As previously reported by CoinDesk, Oracle has filed patent applications focused on the areas of governance and employee work flows.

Oracle building image via Shutterstock

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at news@coindesk.com.

#awvi,#blockchain

Blockchain

via CoinDesk http://bit.ly/2vBlS9W

August 31, 2017 at 08:12AM

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s