News to implement Oracle Blockchain Platform

Thursday 14 February 2019 00:24 CET | News

Czech Republic-based financial company has announced using Oracle Blockchain Platform to streamline payments processes.

By integrating Oracle Blockchain Platform into its core payment platform for banks and financial institutions, provides a secure payment system that removes the need for intermediaries, such as correspondent banks and clearing houses.

Using Oracle’s distributed ledger technology, provides its customers with real-time verification of transactions. Replacing intermediary financial institutions with the new system means that transactions only need to be confirmed through the blockchain, which has the potential to reduce the time needed for cross-border transactions from days or even weeks to a matter of seconds.

Oracle provides a blockchain offering, including business-ready Oracle Blockchain Applications Cloud and a pre-assembled Oracle Blockchain Platform for developers building or integrating their own applications.

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Keywords:, Oracle Blockchain Platform, Oracle, partnership, blockchain, payments , cross-border payments, B2B payments, Czech Republic, Europe, Oracle Blockchain Applications Cloud
Countries: World