What is the blockchain cloud service?

As previously mentioned, Oracle announced their answer to the objectives stated in the preceding strategy at Oracle Open World in the fall of 2017, namely, the ABCS. ABCS is a distributed ledger cloud platform that is preassembled and aims to be production-ready, highly secure, cost effective, and scalable. It is designed to be developer friendly, can integrate with existing enterprise applications, and interact with other blockchain networks.

With ABCS, you can create a trusted network for the exchange of B2B transactions and extend your operations beyond your business enterprise. Because of real-time information visibility across your company's ecosystem, ABCS allows you to optimize your business decisions. Due to the use of a trusted shared ledger of information, it eliminates the cumbersome offline reconciliations and accelerates transactions between participants in your network.

The underlying peer-to-peer network eliminates intermediaries and their...