The Tron Foundation met with Oracle at Tron’s San Francisco headquarters to explore potential partnership opportunities.
Founded in 1977, Oracle is the fourth-largest software maker by revenue. The company has developed a reputation as a tech leader that specializes in database management systems and software, cloud engineered systems and enterprise software products.
The company announced its own autonomous blockchain cloud service in July, offering an enterprise-grade solution for businesses to easily deploy blockchain systems without having to build an in-house service from the ground up.
Friday’s meeting was focused on how Oracle can expand its goal of tokenizing assets on the blockchain as well as the use of smart contracts in business transactions for its clients.
The Tron Foundation also announced that they’ll be working with Baidu, China’s largest internet search provider.
The relationship between the two firms is centered on giving companies the ability to build, operate and debug blockchain products using Baidu’s basic cloud computing resources.
As Tron positions itself with major legacy players, it continues to build on the recent launch of the Tron Virtual Machine, global payment system, the release of a blockchain video game and its $100-million acquisition of BitTorrent.
TRX transactions on the network have spiked, soaring from 170,344 on October 15 to 593,029 on October 19.