At its Oracle OpenWorld conference this week in San Francisco, the company announced its new Blockchain Cloud Service. The distributed ledger cloud platform aims to help enterprises make various transactions more secure, using blockchain technology. The new service — which is fully managed by Oracle — is part of Oracle’s Cloud Platform.
“We’re introducing blockchain, both as a platform-as-a-service and as a way to do secure transactions: intercompany accounting transactions, procurement transactions, and loyalty programs that span multiple providers in a loyalty network, using blockchain to handle the secure hyperledger,” said Thomas Kurian, president of product development at Oracle, at this week’s conference.
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