Is Oracle’s blockchain move really a good thing for enterprise IT?

Wireline - oracle - blockchain - enterprise IT

It was no surprise to hear Oracle signal its move into the blockchain space this week with the announcement of its forthcoming “blockchain-as-a-service” offer. As one of the world’s leading database and cloud providers, this was always going to happen. Firstly, they are not the only providers to make this move with IBM, Microsoft and others already heavily promoting their involvement in blockchain. Secondly, their client base of Chief Information Officers (CIOs) have been one of the...

Oracle announces blockchain cloud platform

Oracle - blockchain cloud service

Global database software giant Oracle has formally announced its entrance into the blockchain space. The company unveiled an enterprise-grade blockchain cloud platform at its Openworld 2017 conference. Called Oracle Blockchain Cloud Service, the distributed ledger cloud platform aims at securely extending businesses ERP, supply chain, enterprise SaaS and on-premises applications through tamper-resistant transactions on a trusted network. While the platform is aimed at businesses of all...

Can blockchain solve some of the challenges of SoD?

Blockchain - SoD

A new report by global tax, transaction and advisory firm EY shows that blockchain-based solutions could offer a solution to the efficiency challenges thrown up by traditional segregation of duties (SoD) policies. SoD is the concept is designed to prevent fraud and error in business by having responsibility for completing a task shared by more than one person. SoD policies were defined over a decade to better facilitate the waterfall software development approach, as a response to...

R3 launches version 1.0 of Corda

R3 - Corda v.1.0

Enterprise software firm R3 has reached a major milestone with the release of version 1.0 of its Corda distributed ledger platform. Corda is described by the company as the world’s “only distributed ledger platform designed and built from the ground up to record, manage and synchronise contracts and other shared data between trading partners”. The platform’s codebase was developed as part of the collaboration between R3’s 50 member firms, and will be an open source...

‘Trusted IoT Alliance’ looks to further blockchain-based IoT

Trusted IoT Alliance

A range of public and private companies have set up the Trusted IoT Alliance to establish an ‘industry leading consortium’ to catalyse the development of blockchain-enabled internet of things (IoT). Members of the alliance include Bosch, BNY Mellon, Cisco, Gemalto, Chronicled, Consensys and Qtum. The companies have all come together to develop open-source blockchain protocols to support IoT technology throughout the global economy. The alliance will also look to lead pilots, fund...

GATCOIN wants to put branded cryptocurrencies in the hands of shoppers

GATCOIN - retail cryptocurrencies

Distributed retail shopping platform GATCOIN thinks it has a solution to one of the main problems limiting cryptocurrency growth: how to get digital assets into the hands of regular consumers as they make everyday purchases. The company’s platform allows companies to issue branded cryptocurrencies that can be used in ‘multiverse’ of shops and exchanges tied together using blockchain technology. Brands can turn vouchers, stored value cards, reward points and more into cryptocurrencies...

Oracle joins Hyperledger

Oracle join Hyperledger

Another tech giant has joined the ranks of the Hyperledger project, with computer technology multinational Oracle announcing its membership of the Linux Foundation-led initiative. In a blog post, Oracle product marketing director Eric Jacobsen wrote: “Blockchain technology has the potential to dramatically enhance enterprise business value by enabling near real-time, distributed transactions across customers’ ecosystems and by enabling secure, tamper-proof data...

ShoCard raises $4 million in funding for rollout of enterprise blockchain identity solution

Blockchain ID startup ShoCard has raised $4 million in funding that will aid the rollout of its enterprise identity solution ShoBadge. The funding round was led by existing investors, Morado and AME Cloud Ventures with participation from Storm Ventures, Danhua Capital, Correlation Ventures, Recruit Strategic Partners and Robert Tinker, founder of MobileIron. It brings ShoCard’s total funding to $5.5 million. ShoBadge aims to replace the use of usernames and passwords within the...

Microsoft launches Coco Framework to help speed up enterprise blockchain adoption

Microsoft has announced the launch of the Coco Framework to help enterprises get to grips with blockchain technology. The open source system ‘enables high-scale, confidential blockchain networks that meet all key enterprise requirements’, as the company puts it. In other words, it helps organisations provide scalability and governance without sacrificing security Mark Russinovich, CTO of Microsoft Azure, was unsurprisingly effusive about the potential on offer. Writing in a blog post,...

Nasdaq files patent for blockchain data system

Nasdaq - blockchain patent

Nasdaq, the stock market operator, has filed a patent for a computer system for the secure release of time-sensitive information using blockchain. The patent, titled ‘Systems and Methods for Securing and Disseminating Time Sensitive Information Using a Blockchain’ was submitted in January 2017. The application states that the system would allow a user to submit a time-sensitive document to an authority who can make edits before sharing it with a third party for approval. Each change...