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Oracle Intelligent Track and Trace is a prebuilt blockchain application that seamlessly connects with Oracle SaaS and PaaS as well as other cloud and on-premises third-party applications. It provides end-to-end visibility into multienterprise supply chain networks, enabling asset owners to track and trace things of value to achieve faster results and establish trust between participating trading partners.
Built on Oracle Blockchain Platform, this cloud-based application can be integrated with a range of enterprise applications such as supply chain management (SCM), enterprise resource planning (ERP), customer experience (CX), and the Internet of Things (IoT). The application:
Trust is established throughout the network by recording nondisputable transactions from the respective partner enterprise applications. A timeline view shows tracking history with drill-down displays of business documents that are securely committed to the distributed ledger. The founder and partners can add business rules in the form of smart contracts that are executed and validated at runtime.
Oracle has decades of industry experience and an extensive partner ecosystem. Moreover, Oracle has engaged with a selected number of supply chain customers as design partners to develop solutions across a variety of industries including:
Built-in simulators provide a view of the value realized before systems are implemented. Simulators are also used to help define business networks and their associated transactions.
Line of business heads can realize increased business velocity and innovation while reducing cost and risk. IT managers and enterprise architects have the support they require for a variety of use cases and hybrid deployments. With less development required, OpEx costs will be lower.
If your customer is a supply chain management professional and they want to learn about the latest innovations in blockchain and IoT to streamline and improve their business using purpose-built and connected applications, we’ve made it easy to navigate to these sessions at Oracle OpenWorld.
With Oracle Intelligent Track and Trace, the power of Oracle?s blockchain technology is harnessed to efficiently manage a network of trading partners who also benefit from being part of a trusted supply chain network.
Oracle is a leader in blockchain technology and launched the Oracle Blockchain Platform in July of 2018. With a lot of interest and early adoption by customers, the next step in this evolution was to make it easy for business users to implement and further transform their processes using pre-built blockchain applications.
Blockchain and blockchain applications have caught the attention of companies of all shapes and sizes—and more companies are signaling that blockchain applications will certainly be part of their future.