The software giant Oracle uses Infstones for its web3 development platform

The software giant Oracle uses Infstones for its web3 development platform

Oracle, one of the world's largest software companies, has tapped an emerging blockchain infrastructure provider to provide a scalable web3 infrastructure development platform for its common corporate customers.

The provider Infstones announced on Tuesday that he got together with Oracle to accelerate the new iteration of the Internet.

While Oracle Blockchain is not foreign-after it presented its blockchain platform for companies in July 2018-his cooperation with Infstones represents a growing trend in the development of web3 infrastructures.

Despite this trend, according to an analysis of large technology companies that take over blockchain-related technologies such as Google, Meta and Microsoft, the mountain inflation could be faced with profitability problems Forbes in May.

Oracle said that the combination of its platforms that run on the cloud infrastructure of Oracle, which will reduce entry barriers for new companies, who want to integrate distributed ledger into their stacks.

Amazon Web Services and Microsoft Azure also offer "Blockchain-As-A-Service" platforms. These enable companies to operate tailor-made (private) blockchain networks that are hosted by the technological giants.

"The partnership with Oracle Cloud Infrastructure offers corporate customers a robust cloud infrastructure in the numerous regions of OCI worldwide," said Zhenwu Shi, CEO from Infstones, in an explanation.

Oracle said it would work with Infstones to bring its enterprise blockchain customers to more industries and developers in the entire Web3 development ecosystem. Shi before worked as a senior software engine at Oracle.

Infstones was founded in 2018 as a staking and infrastructure platform that offers services for institutional customers, and has since developed into a Node management platform for users in addition to an integrated API offer that enables developers to develop applications such as polygon, solana and create Chainlink.

Infstones with headquarters in North Texas counts crypto-native customers such as Binance, Circle and Compound. The company completed a financing of 66 million US dollar in June is led together by Softbank, and said the round with almost 1 billion dollar.