Oracle

Oracle CEO Mark Hurd declared in 2017, during the OpenWorld convention, that blockchain was the next big thing and that it can allow companies to attain their main priorities: increasing revenue, boosting cash flow, decreasing spending, and managing risk. Hurd confirmed these thoughts the following year at the same event, saying that in a supply chain, 65% of the managers manually track the shipment of goods whereas blockchain could provide applications to provide automation and increase security and facilitate information exchange. In these circumstances, Oracle announced, in July 2018, the launch of its own blockchain platform to catch up with IBM's progress. This platform, designed as a service on Oracle Cloud, is called Oracle Blockchain Cloud Service (BCS), and just like IBM, is built on the Hyperledger Fabric framework. It was adopted by several companies such...