Oracle, one of the world’s largest software companies, has teamed up with InfStones a budding blockchain infrastructure provider to deliver a scalable Web3 infrastructure development platform for their shared enterprise customers.
Provider InfStones said Tuesday it has teamed up with Oracle in a bid to accelerate the new iteration of the internet.
While Oracle is no stranger to blockchain — having unveiled its enterprise-grade blockchain platform back in July 2018 — its collaboration with InfStones represents a growing trend in Web3 infrastructure development.
Despite that trend, large tech firms adopting blockchain-related technology, such as Google, Meta and Microsoft, could be facing profitability headaches amid mountain inflation, according to an analysis by Forbes in May.
Oracle said the combination of its platforms running atop Oracle’s Cloud Infrastructure will reduce barriers to entry for new companies looking to incorporate distributed ledgers into their stacks.
Amazon Web Services and Microsoft Azure also offer “Blockchain-as-a-Service” platforms. These allow companies to run tailored permissioned (private) blockchain networks hosted by the tech giants.
“Partnering with Oracle Cloud Infrastructure offers enterprise customers a robust cloud infrastructure across OCI’s multiple regions worldwide,” InfStones’ CEO Zhenwu Shi said in a statement.
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InfStones is an advanced, enterprise-grade Platform as a Service (PaaS) blockchain infrastructure provider trusted by the top blockchain companies in the world. InfStones’ AI-based infrastructure provides developers worldwide with a rugged, powerful node management platform alongside an easy-to-use API. With over 20,000 nodes supported on over 80 blockchains, InfStones gives developers all the control they need - reliability, speed, efficiency, security, and scalability - for cross-chain DeFi, NFT, GameFi, and decentralized application development.
InfStones is trusted by the biggest blockchain companies in the world including Binance, CoinList, BitGo, OKX, Chainlink, Polygon, Harmony, and KuCoin, among a hundred other customers. InfStones is dedicated to developing the next evolution of a better world through limitless Web3 innovation.