Oracle delves deeper into blockchain with four new applications

Oracle is a traditional tech company that has been struggling to gain traction in the cloud, but it could see blockchain as a way to differentiate itself. At Oracle OpenWorld today it announced the Oracle Blockchain Applications Cloud, a series of four applications designed for transactions-based processing scenarios using Internet of Things as a data source. "Customers struggle with how exactly to go from concepts like smart contracts, distributed ledger and cryptography to solving specific business problems," Atul Mahamuni, VP of IoT and Blockchain at Oracle told TechCrunch. The company actually introduced a more generalized blockchain as a service offering at OpenWorld last year, but this year they have decided to focus more on specific use cases, announcing four new applications. The blockchain comes into account because of its nature as an irrefutable and immutable record. In cases where there is a dispute over the accuracy of a particular piece of data, the blockchain can provide incontrovertible proof.

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Blockchain,Cloud,Distributed Ledger,Enterprise,TC,blockchain-as-a-service,Larry Ellison,oracle