Computer technology multinational Oracle has officially joined the Hyperledger project, the Linux Foundation-led blockchain development initiative.
In joining the effort, Oracle - which outlined its participation in a blog post - plans to use the Hyperledger Fabric blockchain code as the basis for a new cloud-based service.
Amit Zavery, Oracle's SVP for cloud platforms and middleware, said in a statement:
"As we develop our blockchain cloud platform for enterprise use, we believe scalable cross-industry technologies, confidential transactions, and modular architecture promoted through initiatives like the Hyperledger Project, are critical components."
Hyperledger's newest members - the Patientory Foundation and BTS have also just joined - come amid election season for the project. Hyperledger stakeholders have just selected the newest members of its technical steering committee, with voting for the committee's new chairman beginning today.
That Oracle would look to grow its involvement in the blockchain space is perhaps unsurprising, given the interest the company has expressed toward the tech in the past. As previously reported by CoinDesk, Oracle has filed patent applications focused on the areas of governance and employee work flows.
Server room image via Shutterstock