“Half companies will adopt blockchain technology over the next three years”

Frank Xiong, vice president of Oracle’s blockchain product development group, is drawing attention when he said that half of all companies will use blockchain technology over the next three years.

At the Forbes CIO Summit in Half Moon Bay, California, he predicted that 50-60% of companies will use blockchain technology over the next few years. He also said that he came to think more realistically about what effect blockchain technology would have on various business models. He said that he passed the stage where he thought that blockchain could solve everything, and now he has entered the stage of realistically understanding the benefits of his business model. Explained.

According to Forbes, Oracle currently has more than 100 customers using blockchain solutions. Oracle announced a SaaS application based on the Oracle blockchain cloud service in October last year. It is said that this service can be used to increase the transparency of the product delivery tracking process, improve delivery efficiency and improve customer satisfaction.

Recently, Oracle has partnered with SDK Finance, a fintech startup based in Europe, to provide a payment platform for banks and financial institutions. It is using the Oracle blockchain platform to improve the payment process and eliminate intermediaries. Related information can be found here .