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:
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
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.