By
Steve Muchoki
April 26th, 2024
It seems that last year’s rumors were true and that ORACLE, a cooperation offering a comprehensive and fully integrated stack of cloud applications and platform services, has partnered with Tron (TRX) Foundation.
Without any doubts, cryptocurrency exchanges play a vital role in the development of the entire crypto ecosystem as well as in the growth of concrete currencies. But it’s also worth mentioning that listing of this or that coin is beneficial not only for the coin itself but also for the platform as new coins can bring new clients interested in working with them.
Everything seems to have started in October last year when in a tweet, that obviously showed CEO’s Justin Sun’s enthusiasm for the future of Tron (TRX), he informed the crypto community of a meeting that was held at their San Francisco Headquarters. The meeting involved the blockchain team from Oracle: the American based multinational computer database company.
Oracle #blockchain team visited #TRON Foundation HQ in SF.
Diving deep on #SmartContracts #Tokenization and partnership opportunities. #TRON to the future. 🎉#TRX $TRX https://t.co/Hq3Y4IETlW— H.E. Justin Sun 孙宇晨 (@justinsuntron) October 20, 2018
In the tweet, Justin suggested that the conversation was geared towards discussing smart contracts, tokenization and the possibility of a partnership.
Now, at the just concluded niTROn Summit in San Francisco, Tron Foundation listed ORACLE among its partners. It also listed Aurora, Steemit, Pantera and some other firms as its partners.
According to Justin Sun, the meeting was held on partnership opportunities, Smart Contract and Tokenization.
The team from Oracle Blockchain were led by a tech start up adviser at Oracle, Neal H, who regarded the gathering as a “Meeting of the Blockchain Minds”. Partnership opportunities were major point of discussion at the meeting.
Neal praised Roy Liu, Head Of Business Development at Tron Foundation, and Jonathan, a member of Tron Foundation, who were available at the event.
Before announcing Oracle’s Business-Ready Blockchain Applications, the team behind Oracle’s blockchain had visited Tron for possible collaborations and partnership.
All of this is pretty interesting because we already wrote of how the Tron Foundation has recently conducted its long-awaited and widely-promoted developer conference niTron Summit 2019. In the framework of the event Sun has made a row of strong claims but it doesn’t look like the crypto community is going to blindly accept them all.
Also we mentioned that the first month of 2019 was definitely a very busy and rich in news one for the Tron Foundation that is actively promoting its Tron (TRX) cryptocurrency.
It’s worth of knowing that the founder of Oracle, Larry Ellison, started the company in a manner similar to how Justin Sun saw a gap in the blockchain industry. In the case of Oracle, Ellison was pretty fascinated with database design and was inspired further by a paper written by Edgar F. Codd on relational database systems called “A Relational Model of Data for Large Shared Data Banks”.
This can be compared to how Justin Sun saw the bigger picture of Satoshi’s vision of decentralization. Justin eventually decided to decentralize the web with BitTorrent as the center piece.
Oracle also started off small and ended up acquiring other firms along the way. Examples of these firms are Sun Microsystems, PeopleSoft, Netsuite, BEA Systems, Siebel Systems, MICROS Systems and more. It can be equated to the recent acquisition of BitTorrent by TRON and predict that there might be more acquisitions in the pipeline.
If we take Oracle’s journey from the 70s as an example, and compare it with Tron, we can see that TRON is just getting started in its journey of becoming a powerhouse in the blockchain industry. Justin’s vision will span a period of 10 to 20 years. Therefore, it might be wise to sit back and HODL.
Partnership with ABCC
Recently, it has become known that the cryptocurrency Tron, which is currently the ninth largest crypto in the world, has entered in a partnership with the ABCC cryptocurrency exchange. The new move by ABCC has made it the first crypto exchange to list tokens built on the base of Tron’s TRC10 technical standard.
The information about listing Tron on ABCC followed the exchange’s announcement that it had started working on adding support for tokens based on both the TRC10 and TRC20 standards.
According to the Tron’s guide intended for developers, TRC10 is a technical standard for tokens, support of which can be provided by the cryptocurrency’s native blockchain without a necessity to deploy the Tron Virtual Machine (TVM).
Tron (TRX) is among the few blockchain platform partnering with diverse firms across the globe. The Tron Foundation is leverage every available opportunity to increase the adoption of blockchain technology, the mechanism behind cryptocurrency.
Now, Tron Foundation has launched BitTorrent Token (BTT), a token that makes it easy for content creators to link their audience, earn and spend digital currency without a middleman.
Last news have said that DACC and TRON’s Cooperation has resulted in the launch of DACC Artificial Intelligence Project “HashAI” on TRON protocol.
The content –based public chain DACC announced the successful launch of HashAI, a tool that can be used for money transfer and smart contract calls in blockchain using voice queries. HashAI is now connected to TRON Network, Slack, Google Assistant and Google Home.