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Oracle and ESG have partnered on a research report about Emerging Technologies. The report features use cases for blockchain technology for finance, operations and supply chain.
Oracle applications for supply chain employ blockchain and IoT technologies to enhance traceability and transparency.
Oracle offers an easier way to adopt blockchain and transform your enterprise with the industry’s most comprehensive and enterprise grade blockchain platform. Oracle Blockchain Platform securely extends your business processes and applications while enabling you to process business transactions much faster.
Oracle blockchain applications are prebuilt and seamlessly connect with Oracle SaaS, PaaS, and other cloud and on-premises third-party applications. They provide end-to-end visibility into multienterprise supply chain networks, establish trust between participating trading partners, and reduce development time. Businesses gain immediate benefits and achieve faster results.
Record nondisputable transactions from respective partner enterprise applications.
Verify pedigree, serialization, and genealogy of product components.
Provide a comprehensive track-and-trace system for food and pharmaceuticals.
Oracle Blockchain Platform Cloud is a comprehensive, distributed ledger cloud platform that enables you to provision blockchain networks, join other organizations’ networks, and deploy and run smart contracts to update and query the ledger. Reliably share data and conduct trusted transactions with suppliers, banks, and other trade partners through integration with existing or new cloud-based or on-premise applications.
“If the consumer trusts the brand, likes the product, and knows where the product comes from, they will come again to you and they will order again.”
—Lukas Punder, Co-Founder, Retraced and CANO shoes
Some customers operate in industries and countries where in order to meet the data sovereignty or data residency requirements they can’t deploy their blockchain instances on Oracle Cloud. Oracle Blockchain Platform Enterprise Edition gives them a pre-assembled platform for building and running smart contracts and maintaining a tamper-proof distributed ledger using an independently-installable version of Oracle Blockchain Platform built on Docker containers and delivered as a pre-built VM image for multiple virtualization options.