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US Retailer Target Unveils Open Source Blockchain for Supply Chain Tracking

Target says it has open sourced a blockchain project for supply chain tracking built on Hyperledger Sawtooth.

United States-based retail giant Target is creating an open source blockchain project for supply chain tracking, according to an official blog post from the company’s VP of architecture on April 22.

According to the post, Target ran a pilot test using blockchain technology to certify its paper products along the supply chain in 2018. The blockchain used in the test period was reportedly made open source on GitHub recently as “ConsenSource” — at least as far back as two months ago, judging by the repository’s update history.

According to the GitHub documentation, ConsenSource is built on blockchain platform Hyperledger Sawtooth, one of the Hyperledger projects hosted by the Linux Foundation.

The post also mentions that Target will support the Hyperledger Grid, a project initiated in large part by Cargill, one of the company’s main food suppliers. Before bringing the project to the Linux foundation with Intel, Cargill reportedly took the initiative in making a “supply chain middleware” to record transactions and other data.

The post’s author Joel Crabb comments on the company’s enthusiasm for keeping blockchain projects for supply chains open source, saying:

“… the largest obstacle to implementing a distributed ledger is getting multiple companies to agree on which data are stored in the blockchain and how the system will be operated and governed. To achieve this close interaction among corporate entities, many companies — including Target — see the most potential for enterprise blockchain initiatives as open source.”

As previously reported by Cointelegraph, Cargill announced its investment in Hyperledger Grid on January 25. The goal of Hyperledger Grid is reportedly to streamline supply chain infrastructure with blockchain technology, addressing a number of issues for food retail such as traceability, food safety and trade settlement.

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‘Blockchain Is Really Democratizing a Lot of Things,’ Interview With Marta Piekarska, Director of Hyperledger’s Ecosystem

Talking with the director of ecosystem at Hyperledger on blockchain adoption, community stereotypes and the power of education.

This interview has been edited and condensed.

Hyperledger, an open source project, was created in 2016 by the Linux Foundation in order to support the development of blockchain-based distributed ledgers. All the members of Hyperledger — including such major actors as Intel, Accenture, JPMorgan Chase, Hitachi, Fujitsu, Alibaba Cloud, Citigroup, Deutsche Telekom and many others — find their interest in blockchain technology and discuss it with Marta Piekarska, who is in charge of the project’s ecosystem.  

We met Marta at the Anon Blockchain Summit in Vienna and talked about computer science, conservative vs. progressive sectors of economy, Hyperledger’s community and her favorite books.

Kristina Lucrezia Cornèr: Can you please tell us how the whole Hyperledger adventure started?

Marta Piekarska: The Linux Foundation was created 20 years ago to bring enterprises and the open-source community together to work on frameworks, tools and technologies to support certain fields. What started off with Core Linux, today has over 70 projects in every major industry.

Hyperledger started three years ago to bring enterprises and the open-source community to work together on blockchain tools and frameworks. Every piece of code, every piece of work that ever happens under the Linux Foundation has to be on the Apache license. Hyperledger started three years ago with 30 founding companies, some of them the biggest in the industry: IBM, Accenture, JPMorgan Chase, Hitachi, Fujitsu and Intel, of course. And then, there are much smaller startups, like IntellectEU, that was a founding member of Hyperledger, and some big but not very well-known companies, like Digital Assets, like DTCC — which now has its name, but back in the time before blockchain, it was one of the most important institutions in the U.S., but nobody knew about that.

And shortly after the Linux Foundation started Hyperledger, Brian Behlendorf was hired as the executive director of Hyperledger, and three or four months after he came to me and said: “Would you like to join us at the Linux Foundation focusing on Hyperledger?”

The way that Linux Foundation is structured is that some projects have core employees, and we are focused 100% on Hyperledger. And then, our PR, marketing team and events team are shared across all the Linux Foundation projects and focused more or less intensely, depending on how many events or how much marketing we need.

Hyperledger’s ecosystem

KLC: What about your position – Director of Ecosystems? What is your role?

MP: It was a nice creation, although nobody knows what it means, which might be a problem. So, I define my role as member success, because Hyperledger is a nonprofit, and we are member-based. So, our life, our existence is sustained by membership fees. And these members are enterprises. We don’t have individual memberships, but enterprises that want to benefit from the PR, marketing support, networking, promotion, and all that. Because the technologies are 100% open source, you don’t have to ask permission to join special interest groups, you don’t have to ask for the permission to download the code. But there is a lot that can be done in the blockchain space to support your development of products, solutions, etc. That’s basically what we at Hyperledger do, and my focus is on working with our members to define what it means to be a successful Hyperledger member, why did they join this gentlemen’s club, if you will.

KLC: That is some very gender-focused language.

MP: It is, but it’s very British. Until today, you have some gentlemen’s clubs only, like a Soho house. That’s more gender-specific.

I work very closely with our now-over-280 members to understand why they apply blockchain technology, and how they apply it. My computer science background is very useful because I understand their technology at its core — like, I understand why they are going blockchain. And then, I can abstract that and talk about more high-level goals and objectives.

The role of gender stereotypes

KLC: How is it to be a woman in the blockchain “gentleman’s club”?

MP: My background is in humanities. I never actually planned to study computer science, I never thought of technology before I applied randomly to a technical university. I lost a bet, basically. The bet was that I had to apply to a technical university — and if I got in, I had to at least start studying. So, I did that, I randomly chose electrical and computer engineering because it sounded fancy. I started, and after two months I knew this was exactly what I wanted to do in my life. I want to code — I loved coding.

It was a very rough ride for me, firstly because anything that you start learning compared to the other people that have been doing that for the last million years of their life, is harder. In high school, I was a top student, always the best in class. I went to university and I hardly made it through the first semester, I hardly passed all of my exams. Then, it got slowly better and better, obviously.

But also, the way I have been treated by my professors was pretty awful. My favorite story was two or three weeks in, when one of my professors said to me: “Oh, I guess computers don’t like you, but don’t worry, computers in general don’t like women.” Great. I’ve also had comments like “Maybe ballet school will be better for you than the computer science school.”

Initially, it was 80 of us that started and five women. After the first semester, there were twenty of us and two ladies — me and another one.

The thing I don’t like about this industry in general is that it is always about your gender, when you are a woman — I guess, a person of color as well, or different sexualities. It’s not always about if you’re smart or you’re not smart, it’s just always about your gender.

I’ve found the hacker community extremely welcoming, and I’ve never had problems with being open about being bisexual or being a woman, and all of my hacker friends all have quirks in one way or another. The more traditional, strict industry and computer science is very much about, “you’ve got this scholarship because you’re a woman,” or “you didn’t get this scholarship because you’re a woman.”

On the other hand, I think that blockchain is really democratizing a lot of things; it is democratizing the startup world. Now startups can compete with the biggest. […] And the same with that women now can be entrepreneurs, and don’t care about what guys are thinking. People of color can be entrepreneurs and don’t care about what others are thinking. I think this is pretty incredible and a very powerful area, and I’ve never really felt in any way discriminated.

Obviously, we still struggle to get good technical females talking on stage. It seems like if there are good technical females, they tend to stick in the coding room and code. But that will happen.

There was this “60 minutes” — it’s a show in the U.S., and they did a study on computer science and kids. And it turns out that after secondary school, there is a massive drop. So, until secondary school girls are very eager, and I see that one of my stepdaughters, she’s 13, she was always really good at sciences, and it took so much courage to say “I’m gonna go my A-levels in triple science.” For a year, we had to work on it and say, “it’s okay, it’s fine, you can be good in science,” but she just felt embarrassed.

KLC: The same could be found in the first season of “Genius,” a series by National Geographic, about Einstein. His first wife, a brilliant scientist, had to struggle through all her life to be a woman in the academic sphere. And it just became harder when she married Einstein and bore his child.

MP: Historically, we’ve been in a society where women are supposed to be supporting the man who comes home and brings food. And there are different ways of doing that. So, in Japanese culture, the man is the one earning money and working hard, and woman will take all the money and give him just pocket money. In European culture, it’s much more that man drives it all and woman is there to cook. We say it’s stereotypes, but they are not really stereotypes.

New technologies and academia

Marta Piekarska is also running academic programs, being responsible within Hyperledger to connect innovative business with academia.

MP: This is something that we are just building out. How can we connect academics with the enterprises, because we have all the enterprises in the world, but academics still don’t know they can reach out to us and say, “I want to do a research on X, do you have a partner I can be doing it with?” So, we are trying to bridge that gap.

KLC: What is your solution, your first steps to connect with academia?

MP: Well, we have an internship program that just started. So, we are trying to do real academic internships. We had 10 places, now we grew into 15, because it is just so popular. The Linux Foundation or Hyperledger pays for these internships, but we ask our community to submit topics and be members. It’s those different enterprises — someone in that enterprise has that little thing that they want to do. We are also trying to build mentoring programs for the community to learn how to work with open source, to open a new project. That’s just starting.

Some other ideas are: We have some proposed research, we have universities on the mailing list, where we hope to engage academics more closely. Basically, you know, it’s giving a shout-out to the people who are doing interesting research — like the Cambridge Centre for Alternate Financing is doing really good work, and they are an associate member of Hyperledger. For universities, governments and nonprofits, we have an associate membership, which is free of charge — and if universities are engaged with us, we are happy to accept them as associate members. We have the Blockchain at Berkeley lab, we have Penn University, we have MIT, Stanford, Peking University.

Challenges while working in the blockchain space

KLC: It seems really exciting. You combine in your everyday job that communication, humanities skills and, at the same time, technical knowledge. What are the main challenges within the objectives you are trying to reach?

MP: Well, scalability is an issue, because you want to keep that individual approach and engagement — but with the more people you get, there are only so many hours in the day.

In terms of the general blockchain space, I think the biggest challenge today is a lack of objective experts. All the experts today — or many of the experts — have learned a certain thing. Like, they’ve learned only about Hyperledger, or only about ether, or only about Corda, and they will spend a lot of energy explaining to you that you should not be using anything but X. And when you ask them why, the honest answer is “because I don’t know W and Z.”

So, that’s why I’m so hopeful with the academic programs and teaching programs. As we go through the batch of students that have learned about all of those elements, because they’ve been university-educated rather than online-educated, (although I have nothing against online courses, but in order to be online-educated you have to take five courses, right? If you go to university, you still have to take five courses, but you have to do them for the credit). I think that with that, we will get better at having people who will say: “Okay, this makes sense for X, and this makes sense for Y, and let’s use the technologies appropriately.” So, the lack of objective experts is a thing.

Collaboration, in general. We are changing the way the people are thinking about interactions with their customers, with their competitors as well — and need to start feeling comfortable sharing information with their competitors.

I think, it’s changing. It’s funny because I want to say it’s a slow change, but then again, we’ve only been the blockchain enterprise for, like, four years.

Discussing industries: Who are the most conservative actors in the space?

MP: I think, out of all the sectors, the financial industry is the most conservative one, although it was the one that has been in the most rush to adopt blockchain. Fintech was the one that jumped on blockchain immediately — like, the first one. But actually moving from “we are doing a bunch of PoC [proof-of-concept]” to “let’s embrace this into production” — that is extremely hard. It’s also, I think, the difference between how easy it is to do a PoC in a certain domain and how it scales up to production.

I’ll give you an example. It’s hard to build a successful deployment of a supply chain, because if you want to do a PoC, you can do a supply chain between you sourcing your Panna Cotta from your home to me, selling it at my restaurant, and that’s two nodes, and maybe you source your cream from somewhere and I sell it, right? So it’s easy to make a PoC, and we’ll say it runs well and we’ll track the quality of Panna Cotta over the supply chain.

However, if you think “How do I scale that actually to the mass production of Panna Cotta,” you have to sign up all of the sugar, cream, cows, and whatever else through the transportation of the Panna Cotta — packaging as well, all of the health certification for England, where I’ll be selling it. So, the number of parties that are highly competitive and might not want to join that market, that supply chain, is very high.

And if you think of Brexit, now you also have to add customs to it, and border control, and whatever else. A hell. So, building out a successful supply chain production is much harder than a PoC, which you could do that over a hackathon.

If you think of an identity system, it’s the opposite. You have a very hard way of navigating how to identify the elements that should be put in a blockchain-based identity, what should go on a blockchain, what should go off blockchain, what is sensitive information, what is private information — you have all those meta-questions that you have to answer, even when you are building a PoC. But then, if you do a good PoC, scaling it up to production is easier — you are just adding more participants.

This is where we could say there are more traditional versus less traditional industries, or more conservative versus less conservative. I think that supply chain is one that is really embracing the production, but it took them awhile to get there because they were figuring out their steps.

Health care is extremely embracing blockchain. You have payments on a blockchain throughout health care, you have medical health record management, you have prescriptions on a blockchain. All of that is really going forward.

The financial industry, it’s really hard to build a good, scalable reconciliation because there are a lot of competitors that are not necessarily incentivized to move to a new system.

KLC: What about the energy sector?

MP: The energy sector is catching up. So, we had a PoC very early on. It was done in China, it is from Blockchain Energy Labs, and it is tracking CO2 emission through a blockchain. There are companies like BitLumens that looks at deploying systems that combine energy use, giving to the grid sustainable energy consumption with micro-crediting — so, proving that you can buy access to a solar panel that is on your house, which basically works as a sustainable energy source. You can buy, on a regular basis, access to that for hours or for days. And based on that, you build out a credit score that is trustworthy, and you can get microloans. So, there are some interesting projects around energy.

Also, of course, one of the big things in energy — the next big thing, I think — will be a merge of IoT [Internet of Things] and the management of those independent devices, because blockchain there is very important. You get to track the security of those machines, big power grids and so on.

Books on blockchain

KLC: Okay, my last question: Can you recommend your favorite book? Something that inspired you about your work.

MP: That’s a good question. I’ll tell you three of my favorite books. The first is a Richard Faulkner book. That one inspired me because it is all about adventure, and so I’ve always lived by that.

The other book that I really love is “The World According to Garp” by John Irving. It’s just beautifully surreal, very smart about life, very much about doing what you want, but going with what feels right rather than what should be right about the societal norms.

And third book is “East of Eden,” which again is about empowerment and the fact that you can do things. The most important words are “you can” rather than “you have to.” So, these are the three books that inspire me in life in general.

In terms of blockchain work, there are not many books out there yet. I am currently reading a book that is called “How Open Source Ate the World.” It is a very good book about open source and working with open source, which I admire.

In terms of courses or learning blockchain, I quite value our Hyperledger Blockchain course, which we have free of charge online on edX. There are two types of it, there is a high-level one, and there is one that gets you into coding. I think this is a really good gateway to blockchain technologies in general.

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Malware Shellbot is Now Capable of Shutting Down Other Miners

Cryptojacking malware Shellbot is now armed with new capabilities.

The Shellbot cryptojacking malware has gone through an update and come out with some new capabilities, technology news website TechCrunch reported on May 1.

Per the report, these findings come from Boston-based cybersecurity firm Threat Stack. The company claims that Shellbot, which was first discovered in 2005, has received a major update.

The original Shellbot was capable of brute-forcing the credentials of SSH remote access services on Linux servers protected by weak passwords. The malware then mines privacy-focused monero (XMR). Threat Stack claims that this new-and-improved version is capable of spreading through an infected network and shutting down other miners running on the same machines.

Threat Stack apparently uncovered the new iteration of Shellbot on the Linux server of an unspecified United States company. While it is still unclear how the malware is delivered, the researchers identified three components and found the script used to install it.

The command and control server of the malware is an Internet Relay Chat (IRC) server, which attackers can use to deliver commands and check the status of an infected server. Shellbot was reportedly making about $300 a day, a figure that stands to grow as the malware spreads. Sam Bisbee, chief security officer at Threat Stack, told TechCrunch that the potential of the virus does not end there:

“They are fully capable of using this malware to exfiltrate, ransom, or destroy data.”

As Cointelegraph reported last week, cybersecurity company MalwareBytes declared illicit crypto mining  against consumers — also known as cryptojacking — “essentially extinct.”

Just days later, American software security firm Symantec found a spike in a new crypto mining malware that mainly targets corporate networks.

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New Exchange to Offer Customizable Dashboards — Giving Traders the Information They Want

A company wants to stand out from ‘copycat’ exchanges by offering a customized dashboard where traders can decide the information they want to see.

A new exchange says it has the goal of becoming “the most professional, global and secure marketplace for digital assets” — utilizing state-of-the-art technology that it claims can deliver a processing capacity of 1.5 million order matches per second.

ProBit says its platform is “fast, robust and reliable” — helping to give its users an upper hand while trading. The company says security is a priority, and this is why it promises to store “95 percent or more of digital assets in a cold wallet” — protecting users against security breaches and theft. Hardware security keys are also being made available to traders, which are “impossible for hackers to crack,” yet convenient to use.

According to the company, many traders end up using multiple exchanges because they cannot find the trading pairs they want — or because the user interfaces are too difficult to understand. ProBit aims to remedy this problem through a modular dashboard — meaning that the layout can be personalized around the needs and interests of a trader. Instead of pushing the same information to every user, Probit appreciates different crypto enthusiasts are interested in different things, and wants to put the power in their hands.

Through ProBit, “a wide array of the most trusted coins and tokens on the market” can be traded — and the company says that more than 150 cryptocurrencies will be available. This is complemented by hundreds of trading pairs. Five of them — Bitcoin, Ethereum, USDT, EOS and the native ProBit token among them — serve as “base currencies.”

Customizable user interface for traders of all levels

According to ProBit, many of the exchanges out there at the moment are failing to hit the sweet spot when it comes to attracting users from all backgrounds. It says that, as a rule, most exchanges are geared toward inexperienced traders or experts. Although some platforms do enable traders to toggle between basic and advanced modes, the ProBit says this just means that every user is not getting what they fully need.

This is the rationale behind the fully customizable interface. Every component can be moved and resized as per their priorities — enabling traders to benefit from a service that acts as the left hand to their right hand. This personalization even extends to the colors used on tickers, giving users the chance to find a layout tailor made for them.

Of course, using a crypto exchange for the first time can be a daunting experience — and this is why ProBit offers an array of preset layouts for new users. This serves as a starting point which enables traders to figure out how they want to lay out the vast amounts of information that the company exchange has to provide.

ProBit says that its platform will be active 24/7, and customer support will be available in multiple languages — cementing its goal of becoming a global exchange.

A global player

The company is clear that it wants to be more than a copycat exchange that seems to offer identical features to the platforms already out there. ProBit says this ambition is going to be realized thanks to its team of executives. While CEO Hyunsu Do worked as an accelerator for fintech and blockchain-based companies, CTO Steve Woo amassed 25 years of experience in the software industry thanks to his tenure as CEO of Linux International.

The main sale of ProBit tokens — known as PROB — is taking place on Dec. 3, 2018 and will last for only one day. The company stresses that these tokens are never going to be used for marketing or bounty services. Moreover, its team adds that they are not going to charge listing fees for projects to be traded on ProBit for three reasons: to protect users, because it amounts to a conflict of interest and because it enables them to be selective.

Ronald Chan, the director of partnership for ProBit, shared that projects from around the world have submitted themselves for listing on ProBit because of the co-marketing campaign that ProBit and crypto projects will conduct together. He added that this win-win partnership raises the visibility of both parties.


Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

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Linux Foundation Launches New Hyperledger Blockchain Training Course

The Linux Foundation has opened enrollment for its new advanced training course for Hyperledger Fabric blockchain technology, according a press release published September 5.  

The new course, ‘Hyperledger Fabric Fundamentals,’ is a further addition to the Foundation’s enterprise-oriented blockchain education efforts, which already include an online self-paced “Blockchain for Business” course via the nonprofit online learning platform 

According to today’s press release, Linux will release Certified Hyperledger Sawtooth Administrator exams later this year, specific to the Hyperledger Sawtooth modular blockchain platform.

As the Foundation’s Clyde Seepersad notes, recent data from TechCrunch has suggested that blockchain engineering jobs are “the second-fastest growing in today’s labor market”:

“[The pace of this growth is] leading to a shortage of professionals who are qualified to implement and manage [the technology] on an enterprise scale. After seeing more than 100,000 students take our free introductory Hyperledger course, we knew it was time for more advanced training options, and certification exams to demonstrate the extent of professionals’ knowledge.”

Today’s press release indicates that the new advanced course will enable students to tackle the fundamentals of blockchain and distributed ledger technologies (DLTs), alongside “the core architecture and components” that underlie decentralized Hyperledger Fabric applications.

As Cointelegraph has just reported, fresh data continues to indicate that the blockchain job industry is enjoying a sustained uptrend, particularly in Asia. Interest in blockchain and roles appears to have been more consistent among job-seekers than Bitcoin (BTC)-related positions, which appear to be more strongly correlated with price volatility on the crypto markets.

In keeping with the fast-paced expansion of the blockchain sector, a wide range of major international universities offer blockchain, smart contract, and cryptocurrency-related courses.

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Northern Trust Partners With PwC To Make Real-Time Equity Audits Via Blockchain

Leading global asset management company Northern Trust (Nasdaq: NTRS) has announced that audit firms can now access fund data stored on a private equity Blockchain to audit specific events in real time, according to a March 19 press release.

Northern Trust launched the first commercial implementation of Blockchain technology for private equity on Feb. 21, which allowed a limited number of clients to manage ownership shares on a transparent Distributed Ledger Technology (DLT) platform. Now audit firms can have their own Blockchain node, managing access to relevant fund data that enables real-time audit capabilities, says Northern Trust.

The most recent development was made in partnership with PwC to provide instant access to a secure “golden copy” of private equity lifecycle events. According to the press release, this will improve the efficiency of the auditing process by making the underlying transactions more transparent to audit firms.

According to the press release, the Northern Trust Blockchain solution is based on the open source Linux Foundation Hyperledger Fabric and is using the IBM Blockchain platform to provide safety and scalability of transactions.

Blockchain technology is being widely accepted by various businesses and institutions around the world to improve the efficiency, safety, and speed of information exchange. On March 19, virtual clinic TrustedHealth announced the implementation of Blockchain to provide remote consultation from doctors. On March 15, a major Canadian bank filed a patent to make credit scores more ‘transparent’ via Blockchain.

On March 14, the government-backed Investment Association of China (IAC) confirmed the contents of a leaked document regarding the creation of an “International Blockchain Investment Development Center”. The center aims to introduce industry standards and Blockchain investment alliances and funds.

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Russia’s National Settlement Depository Pilots Blockchain-based Commercial Bond Trading Platform

The National Settlement Depository (NSD) is piloting its new commercial bond trading platform that is built on top of the Hyperledger Fabric. The NSD is the central depository for the biggest securities exchange group in Russia.

According to NSD Executive Board chairperson, Eddie Astanin, their ultimate objective is to establish a Blockchain infrastructure for novel financial products to operate on.

“The ultimate goal [of the] NSD is to build Blockchain infrastructure for any innovative financial product to operate on. Once the infrastructure is created, [the] technology holds potential to deliver a large variety of financial products and services operated by smart contracts.”

California-based software company Altoros has also contributed to the development of the prototype bond trading platform.

Result of the MegaFon bond sale test

As part of the trial run, Raiffeisenbank Russia has utilized the prototype bond trading platform to buy $10 million worth of bonds of Russia’s second-biggest mobile phone network company MegaFon. The bond’s redemption date is December 22.

According to NSD, it has determined that the technology is effective in keeping the trading process pn the platform “simple and transparent” despite the short-lived nature of the pilot test.

NSD’s other Blockchain initiatives

NSD is also advancing other projects based on Blockchain or distributed ledger technology (DLT). Among them is the creation of a cryptocurrency wallet for banks, pension funds, and retail investors.

Moreover, the NSD has also embraced open-sourcing, with their code publicly viewable on GitHub.

The Hyperledger consortium is led by the Linux Foundation and its main goal is to build Blockchains for business enterprises. The consortium is currently comprised of over 130 members.

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New Transparent Blockchain-Based Cloud Platform by Oracle and Its Leading Competitors

Technology firm Oracle has announced the scheduled launch of its Blockchain technology-based Oracle Cloud Platform in 2018. The platform is aimed at helping businesses employ the technology for supply chain management and smart contracts.

According to Oracle Cloud Platform senior vice president Amit Zavery, the technology has the capability to transform how business transactions are done, to make them more transparent, secure, and efficient.

“Blockchain holds the promise to fundamentally transform how business is done, making business-to-business interactions more secure, transparent, and efficient.”

The Oracle Cloud Platform is designed to offer “pre-assembled” tools for business enterprises to use for operations that require contracts, transactions, and tracking.

The platform is developed on top of the open-source Blockchain called Hyperledger Fabric by Linux Foundation. The Hyperledger Fabric is a private digital ledger that is designed to be very difficult to tamper with.

It is endorsed by some Oracle competitors including SAP, Intel, Cisco, and IBM. The Oracle Cloud platform is currently in beta testing mode.

Blockchain projects applications

Various companies beyond the finance sector are increasingly utilizing Blockchain technology to replace the traditional authentication practices in law, shipping, and real estate.

Among the companies there is IBM, which is collaborating with distributors such as Nestle and Walmart to integrate the technology into their supply chain procedures, with an aim to help lessen the spread of foodborne diseases.

According to the Hyperledger Project executive director, Brian Behlendorf, there’s a lot of business opportunities involving the assistance of other companies, in their bid to integrate Blockchain into their operations.

“Oracle’s support for Hyperledger Fabric is great to see. It’s one more validation of the market acceptance of what we believe can become – a standard platform for enterprise distributed ledger applications.”

Helping Blockсhain adoption

Oracle has been a member of the Hyperledger Project since early September 2017. By democratizing the integration smart ledger to their processes, such moves from tech giants may just be the very push that Blockchain needs to sustain its growth within the commercial space.