Oracle Deepens into Blockchain Industry with New DLT Cloud Services

US-based multinational software company Oracle (NYSE:ORCL) has expanded its cloud services with several new blockchain products in a bid to make that part of its business more attractive in a market where traditional technologies dominate. The unveiled offerings target the supply chain industry by creating distributed ledger technology-based solutions to existing problems such as concerns about transparency and traceability, Oracle said in a statement on Tuesday.

The new blockchain services work as Software-as-a-Service (Saas) and consist of four use-case-specific cloud applications. One of the products offers the blockchain-enabled end-to-end monitoring of goods and services while the second tracks the origin, authenticity, and transform…

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