Oracle is known to be one of the major computer tech companies that span across the world. According to an official report, the firm has decided to introduce some new changes to its titular platform called Oracle Blockchain. Here is everything about it in a nutshell.
Tons Of Features
The announcement was made by the company via press release, which was published on February 12. It was stated that the tech firm would want to pave the way for easier integration between current business and IT systems. Basically, this plan is meant to significantly increase the development and release of all blockchain-based projects.
Thanks to the new features, customers will have the ability to access a handful of data integration, tools, and even identity management sources. Interestingly, there is a major benefit to this plan from Oracle. It turns out that it would be possible to integrate a blockchain transaction history, which, in turn, can be connected with other data.
Also, the press release notes that a new and improved world state database is expected to be included in the aforementioned update from the company. Even more so, there will be identity federation, vast history database, and the much-awaited support specifically designed for Hyperledger Fabric version 1.3. The tech company further notes that its customers from across the globe have successfully managed to utilize the platform in adding their very own blockchain applications.
Oracle’s partners, according to a separate report, include some big names in the industry. For starters, there is the China Distance Education Holdings Limited, which is basically a supply chain-focused Circulor company. In addition, there is the e-document settlement firm called SERIES. This partnership with other big names in the blockchain world is evidence that Oracle wants to bring some significant changes.
The company also revealed a variety of shoppers that, in one way or another, have come with lots of world monetary establishments. Interestingly, this can reportedly be likened to Arab Jordan Funding Financial Institution, as well as the likes of SDK Finance and ICS Monetary Techniques.
The U.S.-based company is deemed the second largest public tool and programming firm. It follows the ever-popular Microsoft.
In related news, tech giant IBM has introduced its very own blockchain mainnet out of its information heart, which is positioned in Melbourne, Australia. The transfer is believed to permit Australian consumers to be able to run their own blockchain-powered programs at the company’s cloud and, at the same time, abide via native information rules.