Oracle wants to bring blockchain to the masses through a crypto-secure data offering

While blockchain is known for bringing trust and transparency to multi-party workflows, it can also ensure the immutability of business-critical data. Realizing this potential, technology giant Oracle has announced a crypto-secure data management offering that will be provided as a free feature for Oracle converged database users. 

Juan Loaiza, executive vice president, Mission-Critical Database Technologies at Oracle, told Cointelegraph that it’s become apparent that customers deploying blockchain solutions often do not require the full capabilities of these implementations. Loaiza also pointed out that the complexity of introducing a completely new technology stack into an IT environment can be burdensome.

Blockchain is useful for protecting data

As such, Oracle has created a crypto-secure data management offering that leverages “blockchain tables” within the Oracle database. This feature is different from Oracle’s blockchain platform, which is built on Hyperledger Fabric and is often used for supply chain management. Rather, Oracle’s blockchain tables are immutable tables specifically meant to protect enterprise data from illicit changes.

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Sourced From: cointelegraph.com/news/oracle-wants-to-bring-blockchain-to-the-masses-through-a-crypto-secure-data-offering
Published Date: Wed, 03 Mar 2021 13:00:00 +0000