At its Oracle OpenWorld conference this week in San Francisco, the company announced its new Blockchain Cloud Service. The distributed ledger cloud platform aims to help enterprises make various transactions more secure, using blockchain technology. The new service — which is fully managed by Oracle — is part of Oracle’s Cloud Platform.
More here.
Oracle Corporation opened its annual conference ‘Oracle Openworld’ with a bang, as it announced its new Blockchain service. Yesterday, the SaaS giant joined the likes SAP to compete directly in Blockchain cloud services. Its new Blockchain cloud service aims to give enterprise customers who want to get involved with the Blockchain a fully managed approach.
More here.
The explosion in interest in distributed ledger technology over the last few years has created a number of unique problems for players in the space. A technology that is focused on decentralization of the mechanisms of central control of information throws up a number of interesting governance issues. How does the community make decisions that will impact the things developers can do and the experience of end users? How should disagreements over direction and strategy be handled?
More here.
The National Settlement Depository (NSD), the central depository for Russia’s largest securities exchange group, has announced it is testing a new commercial bond trading platform built on top of the Hyperledger blockchain consortium’s Fabric software.
More here.
Bitcoin was hatched as an act of defiance. Unleashed in the wake of the Great Recession, the cryptocurrency was touted by its early champions as an antidote to the inequities and corruption of the traditional financial system. They cherished the belief that as this parallel currency took off, it would compete with and ultimately dismantle the institutions that had brought about the crisis. Bitcoin’s unofficial catchphrase, “In cryptography we trust,” left no doubt about who was to blame: It was the middlemen, the bankers, the “trusted” third parties who actually couldn’t be trusted. These humans simply got in the way of other humans, skimming profits and complicating transactions.
More here.
Give us a brief overview of the Hyperledger project and outline your involvement in the project
The Hyperledger project is run out of the Linux Foundation and started in December 2015. The impetus behind the project came from an interest in looking at the potential to use the blockchain model of distributed ledgers and smart contract to other domains outside of currency. The project is a global collaboration of nearly 200 members supporting and participating in the technology. This group is made up of leaders from finance, banking, IoT, supply chain, manufacturing and technology. The Hyperledger project aims to enable communities to work together on common code and it acts as an “umbrella” for software developer communities building open source blockchain and related technologies to create innovative modular open source components and platforms.
More here.
Consulting giant Accenture and Hyperledger, the Linux Foundation open source blockchain initiative, are going to co-host the inaugural “Blockchain for Good Hackathon”, scheduled to take place on September 30 and October 1 in Dublin.
More here.
The Royal Bank of Canada (RBC) is using Blockchain-based Hyperledger for its US – Canada interbank settlements.
In exclusive comments to Reuters Thursday, Executive Vice President for Innovation and Technology Martin Wildberger said the technology had been “shadowing” the bank’s legacy transaction monitoring ledger for “several weeks.”
More here.
Anyone that has been following the blockchain and cryptocurrency space through its recent history will have seen it go from interesting feature of the cryptocurrency system to the potential saviour of everything from international logistics to humanitarian operations.
More here.
More here.