Oracle’s Blockchain Cloud Service Goes Public

Oracle-Blockchain-Cloud-Service-Goes-Public
Ali Longwell
July 16, 2018

10:45 am PT

Oracle’s Blockchain Cloud Service, which it debuted at the Oracle OpenWorld event last October, today became generally available. Organizations have been developing an early adopter version of the technology to track global supply chain goods, as well as manage and secure transactions.

The service is part of Oracle’s Cloud Platform and is fully managed by Oracle. Oracle built the blockchain service on The Linux Foundation’s Hyperledger blockchain fabric. Blockchain customers pay for the service per usage for each transaction going to a blockchain.

The blockchain service comes pre-assembled and has tools integrated into the single console. Those include monitoring and operations tools; infrastructure dependencies; container lifecycle management; event services; identity management and event services; and representational state transfer (REST) proxy.

The Oracle blockchain platform includes capabilities from its Cloud Platform that integrate with a customer’s existing cloud and on-premises applications, APIs, and tools. The company also started offering software-as-a-service (SaaS) applications for common blockchain use cases. These include track and trace; provenance identification; and warranty and usage.

AuraBlocks last year created a financial service on the platform that verifies the identity of borrowers. Oracle said other organizations have used the service for finance, telecommunications, the public sector, retail, e-commerce, energy, supply chain, and logistics.

Oracle recently joined The Alliance for Telecommunications Industry Solutions and is part of its blockchain group.

Many of Oracle’s cloud competitors are developing and working on blockchain. Microsoft has been working on its Blockchain-as-a-Service since November 2015; Google is building a distributed ledger blockchain software; IBM released a beta blockchain service last year; and Amazon Web Services (AWS) is also working on blockchain, though exactly how remains a mystery.

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