The blockchain startup further stated that the integration with Oracle Cloud Infrastructure will ensure the availability of its application programming interface to millions of Oracle clients.
Hydrogen offers tools to develop applications for banking, insurance, and savings, among other attributes of digital finance.
Regarding the benefits of Hydrogen application, Mike Kane, co-founder and CEO of Hydrogen, said:
“Hydrogen is being used by financial institutions big and small to quickly build consumer facing fintech applications.”
David Hicks, vice president at Oracle, explained the benefits of this partnership to customers.
“Hydrogen’s commitment to innovation with the Oracle Cloud and quality execution helps our mutual customers receive cloud-enabled fintech solutions ready to meet critical business needs.”
Earlier in 2019, Oracle added more features on its enterprise level Oracle Blockchain Platform that streamline the process of incorporating prevailing business and IT systems and quicken development and implementation of new blockchain applications.
It can be remembered that Oracle had filed a case against blockchain firm CryptoOracle. Oracle alleged that the blockchain startup is trying to gain undue advantage by picking up a name that closely sounds its trademark name.