After testing it with select customers over the past few months, Oracle unveiled its blockchain platform to provide software and server infrastructure for setting up and managing networks of distributed ledgers.

The idea, of course, is for companies to use these ledgers for monitoring supply chains, tracking global shipments and making cross-border payments, among many other things, Fortune notes.

“Anywhere there’s data transfer and information flow, blockchain has a potential application,” Amit Zavery, executive vice president of Oracle’s cloud unit, is quoted saying. “All that kind of stuff where we want to have trust and make sure things happen smoothly.” Read more here.

ThirtyK Staff
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