Oracle rolls out its own blockchain service

Oracle joins IBM, SAP, and Microsoft in offering blockchain-as-a-service for companies hoping to deploy the distributed ledger technology without the expenses associated with embracing the technology in-house.

Oracle wants in on the blockchain-as-a-service game, too.

The company on Monday announced the availability of a fully-managed blockchain service over which businesses can automate processes over an immutable electronic ledger, such as tracking goods in a supply chain or handling customer financial transactions.

Blockchain-as-a-service {BaaS) offerings have grown over the past three years, enabling businesses to launch proof-of-concepts to test the distributed ledger technology without the capital costs required by an internal deployment. Other BaaS providers include IBM, Hewlett-Packard Enterprise (HPE), Microsoft, SAP and Amazon Web Services.

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