Oracle Launching Blockchain Products in 2 Months

Oracle-Launching-Blockchain-Products-in-2-months

The world’s largest software company, Oracle Corporation, is launching a line of blockchain products over the next two months as reported by Bloomberg on May 7.

Thomas Kurian, the president of software development at Oracle, will reveal a platform as a service product this month as well as a decentralized major application next month.

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The company is currently working with Banco De Chile to log interbank transactions on the blockchain Hyperledger. Oracles upcoming products will also be pitch to pharmaceutical companies regarding the management of their supply chains.

In related news, the electronics giant Samsung revealed that they’ll be using blockchain for managing their global supply. They believe that implementing the technology will cut the company’s costs by up to 20%.

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