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Intel Blockchain Technology Offered as a Service in Oracle Cloud
October 2, 2017 Blockchain is transformative technology that has the potential to change the way enterprises, governments, and consumers coordinate workflows and exchange data and assets. Today at Oracle OpenWorld, Intel announced that its blockchain technology is being utilized by Oracle to deliver a cloud-based blockchain service to its enterprise customers. Oracle’s Blockchain Cloud Service utilizes Intel® Xeon® Scalable processors, which include a broad set of hardware-based features that enhance blockchain security and performance. Intel Xeon Scalable processors are an ideal foundation for building Blockchain solutions, and partners see technologies like AVX-512 and AES-NI as valuable in optimizing the performance of cryptographic hashing and improving Blockchain security. Intel’s collaboration with Oracle advances the use of blockchain technology within enterprises. Together, Intel and Oracle plan to:
- Simplify and refine database blockchain interactions by enabling both block updates for blockchains and a transaction update for traditional databases.
- Ensure transaction confidentiality and keep transactions private, even when multiple companies participate on the same blockchain network.
- Secure off-chain events (known in the industry as ‘oracles’) that inform smart contracts.