Oracle’s Newmembership in Hyperledger

In a bold move that would make any tech enthusiast raise an eyebrow, Oracle announced its membership in the Hyperledger project as of August 2017. This initiative, spearheaded by the Linux Foundation, aims to bolster the capabilities of Blockchain technology across various industries. According to Oracle’s Senior Vice President of Cloud Platforms and Middleware, Amit Zavery, engaging with Hyperledger is a strategic component of their roadmap to provide robust Blockchain-based cloud services.

Why Hyperledger Matters to Oracle

The integration of Hyperledger Fabric’s Blockchain code acts as Oracle’s foundation for developing new cloud services. Zavery emphasized that scalable technologies, confidentiality in transactions, and a modular architecture are essential for building a successful enterprise-focused Blockchain platform. It’s about equipped organizations with the tools they need to thrive in a digitally tumultuous environment.

Previous Blockchain Initiatives by Oracle

This isn’t Oracle’s first dance with Blockchain; they’ve been around the block (pun intended) on several occasions. Back in September 2016, the tech giant applied for a patent aimed at enhancing internal processes using Blockchain capabilities. Before that, in May 2016, Oracle filed another patent titled “Accountability and Trust in Distributed Ledger Systems.” This application was designed to introduce a sense of “fairness” in the governance of permissioned Blockchains.

Welcome to the New Members of Hyperledger

Oracle’s venture into Hyperledger is shared with other newcomers like the Patientory Foundation and BTS. These additions come at an exciting time, coinciding with the election season for the project’s Technical Steering Committee. The voting for the new chairperson starts on August 31, and we can only hope they don’t have a recount fiasco akin to an election season!

Unpacking the Hyperledger Project

The Hyperledger project isn’t just a tech club for industry giants; it’s an open-source initiative aiming to harness Blockchain technology for efficient recording and verification of transactions. The essence of Hyperledger lies in its ability to create a shared, transparent, and decentralized peer-to-peer system. The project has garnered support from notable organizations including ABN AMRO, ANZ Bank, CME Group, and Fujitsu Ltd., proving that this Blockchain train has left the station, and there are plenty of seats still available!