San Francisco software development behemoth Oracle launched free “blockchain table” databases it says will prevent data tampering.
According to a Jan. 13 announcement, Oracle’s Blockchain Tables are now included in the company’s cloud service products, and provide a “secure audit trail on transactions and processes.”
Specifically, they offer “immutable insert-only tables whose rows are cryptographically chained together,” the company said in a release. This makes it easy for customers to “protect against illicit changes by insiders or hackers impersonating administrators or users,” it added.
Oracle claims that its blockchain tables are far easier to use than standard blockchain-based competitors, noting that they use the standard SQL database language, and support full analytics and transactions.
By merging blockchain technology into its standard database, Oracle clearly aims to expand the use of basic distributed ledger technology among corporate clients—which could, in turn, attract them to more sophisticated and customized products.
As Modern Consensus reported in mid-October, big four auditing firm PwC predicts blockchain technology’s ability to win trust will add $1.76 trillion to the global economy by 2030.
Among the Oracle customers using Blockchain Tables is Angelini Pharma, one of Italy’s largest pharmaceutical companies. In the release, Pietro Berretoni, the firm’s head of digital and innovation, explained that Angelini needed such a product to manage the data produced by the Xring wearable devices made with its blockchain partner, Quinaryo.
The NFC and bluetooth-enable smart rings are “an important step ahead in our [internet of things, or] IoT strategy to experiment with a wearable device integrated with a data security tool based on a blockchain table solution,” the company said.
Ease of use is a key attraction, Berretoni said.
The Blockchain Tables solution provides Angelini with “tamper-proof records that can easily integrate with other applications without requiring a complex new infrastructure,” he said.