Businesses around the world have been deploying an early adopter version of Oracle Blockchain Cloud Service since it’s been made available recently. The service allows organizations to easily build blockchain networks to drive more secure and efficient transactions and to track goods through supply chains on a global scale.
“Blockchain has been particularly valuable in verticals with no common standards and regulatory frameworks and has helped bring in transparency to create trust between governments, organisations and citizens.
Having said that, as per our ongoing market tracking, 7 in 10 global organisations that are currently undertaking pilots are worried about scalability, deployment flexibility and security.
Oracle has made a credible attempt in Blockchain by way of solving key issues around support for interoperability with non-Oracle Hyperledger Fabric instances and pre-packaging blockchain APIs.
The key for Oracle is to work with country-specific customers, consortiums and partners to ensure its platforms and solutions are truly relevant for the local context,” said Sanchit Vir Gogia, Chief Analyst, Founder & CEO, Greyhound Research.
Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, an award-winning global research & advisory firm. To read more about him, click here.
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