Oracle to Release Blockchain Product in May, Apps to Follow in June.

American school big Oracle – the second-largest code company within the world – has aforementioned it'll begin unveiling blockchain merchandise this month.

Per Bloomberg, Oracle’s head of development, Thomas Kurian, says a platform-as-a-service blockchain product can become obtainable this month, with localised ledger-based apps to follow in June.

Kurian says Oracle has been operating in conjunction with Banco Diamond State Chile, one among Chile’s largest industrial banks, on a Hyperledger answer for work inter-bank transactions. Kurian conjointly claims that Oracle has worked with the customs and imports service in African country. The Nigerian government needs to log customs duties information on blockchain platforms.

Oracle hopes its new merchandise are going to be of interest to major prescription drugs corporations WHO would like to trace medical merchandise, serving to them expedite remembers and boost traceability.

Oracle has conjointly been acting on a variety of alternative blockchain-related deals with corporations round the world. Earlier this year, the corporate stricken associate degree memoranda of understanding with South Korea’s Hana – one among the country’s largest banks. The deal can see Hana develop a loyalty points commerce platform exploitation blockchain technology, permitting Hana customers to use points to shop for from international vendors and travel corporations.