# Oracle launches blockchain cloud service for enterprise | Tech News (HT Tech) > The service also allows users to provision Blockchain networks, join other organisations and deploy and run smart contracts to update and query the ledger # Oracle launches blockchain cloud service for enterprise ## The service also allows users to provision Blockchain networks, join other organisations and deploy and run smart contracts to update and query the ledger Aug 20 2022, 00:03 IST ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook.png) ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook-hover.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Share.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Shareclicked.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp-hover.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter-hover.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook-hover.png) ![Bookmark](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmark.png) ![Bookmarked](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmarked.png) ![The Blockchain platform is built on top of The Linux Foundation’s “Hyperledger Fabric”.](https://images.hindustantimes.com/tech/rf/image_size_960x540/HT/p2/2018/07/17/Pictures/chosing-blockchain_ae44da6c-89c5-11e8-b2f4-2ee9fa0c7dec.jpg) The Blockchain platform is built on top of The Linux Foundation’s “Hyperledger Fabric”. (Getty Images/iStockphoto) ![Author Photo](https://images.hindustantimes.com/tech/static/revamp/images/png/HTTech-new-circle-logo.png) ### By INDO ASIAN NEWS SERVICE To help businesses build Blockchain networks to drive efficient transactions, Oracle has announced to make its "Blockchain Cloud Service" generally available globally including in India from Tuesday. Indian Oil, Arab Jordan Investment Bank, CargoSmart, Certified Origins, Intelipost, MTO, Neurosoft, Nigeria Customs, Sofbang, Solar Site Design and TradeFin are among the organisations which are an early adoptor of Oracle's blockchain platform. "We are excited to announce the availability of Oracle Blockchain Cloud Service. With Oracle's platform, enterprises can enhance their business, eliminate unnecessary processes and transact with their distributed networks more easily, transparently and securely than ever before," Amit Zavery, Executive Vice President, Oracle Cloud Platform, said in a statement. Also read click here. Oracle "Blockchain Cloud Service" provides customers with a development platform to build their own networks, and to quickly integrate with Oracle software-as-a-service (SaaS) and third-party applications they already use, as well as other Blockchain networks and Oracle platform-as-a-service (PaaS) services. It also enables users to provision Blockchain networks, join other organisations and deploy and run smart contracts to update and query the ledger, the company said in a statement. The Blockchain platform is built on top of The Linux Foundation's "Hyperledger Fabric". Oracle is also delivering new SaaS applications to use Blockchain technology for common use cases, such as track and trace, provenance identification, warranty and usage and cold chain. "Blockchain projects are quickly moving from pilot to production as enterprises and governments begin to see the inherent value of distributed ledgers and smart contracts," said Robert Parker, Group Vice President of manufacturing and retail insights, IDC. Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. 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