Today’s supply chains are complex, spanning across multiple ecosystem partners, spread across multiple geographies and managed by multiple stakeholders. Due to these complexities, today’s supply chain can lack transparency and it is extremely difficult to track counterfeit parts and manage compliance issues for different countries. Overall, the costs of the supply chains are on the rise.
Oracle’s Digital Supply Chain with Blockchain industry solution offers a distributed digital ledger with Smart Contracts, which can be used for executing agreements between multiple parties, which can help make transactions more transparent, maintain product provenance at every level, improve supply chain efficiencies and reduce costs. Oracle Digital Supply Chain with Blockchain industry solutions platform consists of Oracle Blockchain Cloud, Oracle Supply Chain Management (SCM) cloud, Oracle IoT Cloud, Oracle Transportation Management and 3rd party enterprise systems.