Due to the excessive demand and realization for the need of Blockchain technology solutions now it seems to be the most demanding technology in next couple of years. US-based second largest software solution providers in the world are introducing their Blockchain products starting in May 2018.
a platform-as-a-service blockchain product will become available this month, with decentralized ledger-based apps to follow in June Thomas Kurian, Oracle
Oracle has been working with all industry sectors for their Blockchain solutions.
- In the Banking sector, Oracle has been working with Banco de Chile, which is one of Chile’s largest commercial banks. Oracle is aiming to develop a Hyperledger solution for logging inter-bank transactions. This Blockchain based technology solution can be used by other banks all over the world.
- Oracle is also working with Nigerian government for their customs and imports department to log customs duties data on blockchain platforms.
- Oracle is planning to develop Blockchain based solutions for hospitals and pharmaceuticals companies to track medical products, helping them expedite recalls and boost traceability.
- Oracle has signed an MOU with Hana which is one of South Korea’s largest Banks to develop a loyalty points trading platform using blockchain technology.
Oracle has also been working on a range of other blockchain-related deals with companies around the world.