Blockchain technology has the potential to dramatically enhance enterprise business value by enabling near real-time, distributed transactions across customers’ ecosystems and by enabling secure, tamper-proof data sharing.

Recently, Oracle joined the Hyperledger consortium because of the consortium's approach to blockchain using open source collaboration, modular architecture, horizontal/cross-industry technology support, and support for enterprise needs. Oracle looks forward to participating in Hyperledger for the benefit of our global customer base and the market at large.

Using Hyperledger Fabric as a starting point, Oracle plans to make a Blockchain Cloud Service available, with a goal to offer a highly advanced and differentiated enterprise-grade distributed ledger cloud platform for customers who are looking to build new blockchain-based applications and/or extend their current SaaS, PaaS, IaaS and on-premises applications. We are focusing on strengthening the fundamental technology foundations of distributed ledgers, simplifying and accelerating deployment of blockchains, and supporting customer use cases. Currently our objectives are:

1. To address mission-critical enterprise needs such as scalability, security, robustness, integration, and performance to remove barriers to adoption and support blockchain applications in production.

2. To make it easy for customers to deploy, configure, manage and monitor blockchain and reduce the cost for deploying blockchain in enterprises by offering it as a Platform as a Service (PaaS) Cloud solution.

3. To accelerate the development and integration of blockchain applications with Oracle Cloud App Dev platform and built-in DevOps capabilities.

4. To help Oracle SaaS cloud customers enable their enterprise processes like Procurement, Payments, Trade Finance, Accounting, HR, CX to securely share data and conduct distributed transactions with 3rd party applications and external distributed ledger technologies using blockchain cloud platform.

Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration focused on business blockchain frameworks, hosted by The Linux Foundation, including leaders in finance, banking, IoT, supply chain, manufacturing and technology. For more information, please visit https://www.hyperledger.org/.