Oracle Joins Hyperledger
Oracle, software giant best known for its database and corporate applications products, has joined the Hyperledger consortium.
Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration, hosted by The Linux Foundation, including leaders in finance, banking, Internet of Things, supply chains, manufacturing and Technology.
Read Oracle's official announcement Oracle Cements Interest on Blockchain: Joins Hyperledger to learn why they think it is important to be in the lead when it comes to the blockchain related techology and products:
Blockchain technology has the potential to dramatically enhance enterprise business value by enabling near real-time, distributed transactions across customers’ ecosystems and by enabling secure, tamper-proof data sharing.
Other major companies, Intel, IBM and SAP among others, are already active members of consortium. We are talking about extremely focused and resourceful force behind the various projects of the Hyperledger ecosystem.
Some of these projects already are production ready platforms meant for the big business. We can expect some innovative approaches coming about along with the robustness and scalability of any top level business grade application.
For example, Hyperledger Sawtooth which includes a novel consensus algorithm, Proof of Elapsed Time (PoET), which targets large distributed validator populations with minimal resource consumption.
I advise you to regularly check Hyperledger website and get acquainted with the development.
Some of the products are already available as demos for general public. You can install them into various cloud products and get started in a matter of several clicks.
A full blown blockchain platform with several nodes and smart contracts already included and on-cloud deployed which you control, administer and develop through the web browser interface. Check out IBM Blockchain to see what I am talking about.
There is a big corporate world of blockchain knowledge, expertise and development that we, the average open source blockchain platform users, don't know anything about. You have the opportunity to learn and know better.
All graphics in this article were acquired on the websites of mentioned providers and solutions.
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Hmm THanks to technology :)
This news will change something in business world probably...
It might. It depends on the business ideas that could use the technology.
Last year I attented IBM's Hyperledger workshop. It was great. We tried some demo blockchain installs and everything worked as it was supposed to.
At the end I asked the presenter what is IBM planning to do. He answered: "Well, you tell me, please. We are looking for the input of the companies on how to use this technology."
Hm..looks that IBM still don't know how and what for should use this...
I am afraid they don't. Let's wait and see. I'll have the opportunity to ask them at the conference this December.
cool, ask them, or, better: present them steemit as an example of crypto social used for everything :)
They are more interested in private blockchains. Nevertheless, I will certainly tell them about Steem.