Today’s complex supply chains span multiple ecosystem partners, are spread across multiple geographies, and are managed by multiple stakeholders. These complexities lack transparency and make it 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. This 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 third-party enterprise systems.