Oracle Cloud Infrastructure Blockchain Platform is a managed blockchain service for running smart contracts and maintaining a tamper-proof distributed ledger. Built on the open source Hyperledger Fabric, it simplifies the development of secure and verifiable applications that share immutable, trusted data with third parties such as suppliers and financial institutions.
Read this new Oracle Blockchain ebook to learn the benefits of enterprise blockchain, how it has been used across industries, and why Oracle leads the way in bringing blockchain to the enterprise.
Learn how Oracle extends tokenization support to handle non-fungible tokens (NFTs), NFT templates, and Blockchain App Builder, and how they can be used to automatically generate and deploy ERC-721 compatible chaincodes on OCI Blockchain Platform.
Juniper Research says Oracle innovations make it a go-to enterprise blockchain provider for a growing number of businesses. The report also notes increased deployments in recent years, with a number of customers in advanced pilots or full production.
Our solution is production-ready, offering financially backed 99.95% availability, integrated identity management, operations and development tools, tokenization support, and integration to Oracle’s leading applications.
Create a permissioned, multiparty blockchain network in minutes without the painstaking work to manage containers, configure individual components, and integrate dependencies. Secure the blockchain with built-in identity management and roles, on-chain access control, and built-in auditing features.
Included developer tooling supports project scaffolding, local testing and debugging, and automated deployment of chaincode. It can auto-generate basic chaincode CRUD methods from declarative specifications for a variety of use cases to completely automate simple tasks or speed up development of more complex smart contract business logic.
Tokenization capabilities based on the Token Taxonomy Framework and ERC-20/ERC-721 accelerate many tokenization use cases. Token initialization and lifecycle operations for fungible tokens (FT) and non-fungible tokens (NFTs) are easily generated and deployed.
Deploy nodes across OCI regions worldwide, and extend them with on-premises or third-party cloud nodes. For diverse ecosystems, you can deploy in or out of Oracle Cloud and interoperate with other Hyperledger Fabric nodes. Orchestrate integrations with other popular ledgers using cross-ledger integration gateways.
Built on the open source Hyperledger Fabric project from the Linux Foundation, OCI's Blockchain Platform enables customers to quickly provision a preassembled, managed blockchain network. It provides an append-only distributed ledger shared across a network of nodes and organizations. This replaces complex point-to-point dataflows, removes intermediaries, and creates a shared source of truth and trusted transactions.
As a permissioned blockchain, Oracle Blockchain Platform governs the membership and integrates with Oracle Identity Management to provide role-based access authorizations. Blockchain Platform’s operations console allows administrative users to access intuitive web UIs and powerful REST APIs for managing configurations, adding members, and creating channels and policies, and provides full lifecycle management for smart contracts. Blockchain peer nodes execute business logic encoding business terms, validation rules, and events in smart contracts and digitally sign the results with their organization’s Public Key Infrastructure certificates for multiparty endorsements. In Blockchain Platform, smart contracts can be generated automatically from declarative templates using the included Blockchain App Builder—a low-code development tool. The templates’ specs can be used for generic data assets as well as tokens of different types—enabling developers to incorporate fungible and non-fungible tokens for a wide range of use cases.
“Oracle delivers an enterprise-grade blockchain platform with high resiliency, scalability, and security. The built-in features, such as identity management and data encryption, made it an ideal choice given our industry requirements and compliance needs.”
Deputy General Manager, Information Technology and Security, Arab Jordan Investment Bank (AJIB)
“The inclusion of Oracle Blockchain Platform in our offering enables us to deploy more innovative products and solutions for our customers globally, in particular with improved time to market for business intelligence reporting solutions. Oracle's comprehensive enterprise-grade offering will open our customers to realising more from our blockchain-based platform and crystalise value from the data in their own systems.”
Founder & CEO Everledger
“We are leveraging blockchain to simplify complex shipping documentation processes and improve customers’ operational efficiency by building a collaborative network. Oracle Blockchain Cloud Service enables a shorter application delivery lead time with 30% productivity gains compared to other solutions.”
CEO, CargoSmart Limited
“We bring transparency to the supply chain for consumer electronics and electric vehicles manufacturers. Oracle Blockchain Platform enables us to transparently record and share the source of all raw materials using distributed ledger, which prevents unethically sourced minerals from passing through the supply chain. This will also cut costs for miners who currently shoulder this compliance cost in our industry.
“Having the infrastructure, database, and blockchain application running on one platform made it so much easier for us to expand our platform very quickly and at scale.”
Cofounder and CTO, retraced
“We believe that buyers and growers deserve a world in which authenticity and quality are not only valued but verified. Managing traceability with blockchain technology is the logical progression of the whole traceability process for our Bellucci Premium Extra Virgin Olive Oil. We are using Oracle Blockchain to track shipments of our EVOO from our bottling facility in Italy to the port of arrival in the US. Oracle Blockchain Platform easily integrates with our partners' systems, and we can create smart contracts between supply and distribution actors, thus reducing operational costs.”
Chief Information Officer, Certified Origins Italia Srl
Oracle Blockchain Platform provides bank customers with nearly instant funds availability for payments, remittances, corporate or personal accounts and ensures full auditability and AML compliance.
Oracle Blockchain Platform helps bank clients to speed through individual account creation process and manages complex KYC document collection requirements for corporate services by providing a tamper proof digital identity.
Oracle Blockchain Platform integrates with banks to enable customers to tokenize securities for fractional trading and integrate with digital exchanges, providing 24x7 settlement and lower costs.Brokerage window transfers for funds companies
Oracle Blockchain Platform uses smart contracts to help streamline transfers between mutual fund accounts and self-directed brokerage accounts, benefiting customers by reducing errors and overnight delays, enabling multiple daily transfers.Smart parametric insurance
Oracle Blockchain Platform uses smart contracts to Link micro-policy creation, issuance, and execution, automating premium setting and settlement for parametric insurance to reduce processing costs and increase customer trust.
By enabling decentralized peer-to-peer business interactions and transactions, Oracle Blockchain Platform allowed SERES to eliminate the need for trusted third parties.SERES delivers faster and safer invoicing on Oracle Blockchain Platform
“Oracle Blockchain Platform provided us with a great business opportunity—it enables us to provide transactional services with guarantees to our clients, notifying them of every stage of the process with complete security and transparency—which is a very attractive prospect for businesses requiring electronic invoicing services.”
Chema Mínguez Gutiérrez, Transactional Services Manager, SERES
Oracle Blockchain Platform provides retailers and consumers with trusted provenance information across the entire product journey, linking raw materials, certifications, and manufacturing processes for diamonds from mining to retail.
Retraced developed platform based on Oracle Blockchain and ATP to enable fashion brands to verify sustainable sourcing of materials and authenticity of artisanal production and provide end-to-end supply chain visibility to the consumers.
Oracle Blockchain Platform enables customers to earn tokens, which they can seamlessly redeem rewards at any of the retail partners on the blockchain network.
Oracle Blockchain-enabled traceability for high-risk critical raw materials across the electric vehicle batteries supply chain ensures trusted provenance (and track CO2 emissions related to production of battery units and transportation of the materials they depend on).
By using a distributed ledger of intercompany Point of Sale and Invoices, reconciled by smart contracts, Oracle Blockchain enables the verification of accounting rules. These rules perform 2-way or 3-way matches with company systems to enable netting-based settlement and near real-time processing based on validation rules and controls codified in smart contracts with robust ERP integration, automated exception/dispute tracking, and sophisticated analytics integration.
Aviation parts history tracking and maintenance records Description: Oracle Blockchain Platform links the supply chain to establish trust in used/reconditioned aircraft parts with full history tracking and keep tamper-evident ledger of all maintenance activities.
A secure B2B transaction platform built on Oracle Blockchain Platform, enables private groups with suppliers, channel partners, banks, contract manufacturers, etc. to coordinate work order progress across the contract manufacturing network, gain real-time visibility into vendor’s inventory, certify and trace geo-origin & authenticity of products, enforce SLAs with Smart Contracts, perform continuous audit, and submit information for 1-click invoice financing.Optimizing overall equipment effectiveness and predictive maintenance in manufacturing
Oracle Blockchain Platform allows for secure network tracking granular data on component failures and repaired and replaced equipment to provide preventive and predictive maintenance analytics. This data helps enable AI to train CNC machines based on historical data collected from a network of similar machines for optimal machine and operator performance.
Certified Origins Italia is utilizing the Oracle Blockchain Platform to track and trace the Bellucci brand EVOO from their Italian bottling facility to the port of arrival in the US. This implementation of blockchain technology is a continuation of Certified Origins’ commitment to providing greater food supply chain transparency.
Oracle Blockchain Platform combines data on animal ancestry and DNA, birth details, and laboratory results with data from retailers, along with tasting data crowdsourced from buying public, and provides a channel for farm-to-fork visibility.
Description: Oracle Blockchain Platform helps maintain a distributed ledger of all certification and supplier data for all Farmer-to-Factory and Factory-to-Consumer steps, which promotes consumer trust, helps to ensure food safety, and narrow recall impacts
Oracle Blockchain Platform connects a milk farmers’ cooperative payment process optimized with Oracle Blockchain and OriginTrail Decentralized Network (ODN) to provide insight and verify traceability and laboratory data in real-time.
Decentralized consortium of many carriers and ports uses Oracle Blockchain Platform’s distributed ledger to replace one-to-one connections with trusted collaboration, increasing efficiency, providing shipment visibility and transparency through a single source of truth, effectively removing the need for third parties.
Oracle Blockchain Platform helps track deliveries over multiple modes and tiers of transport providers, with multiple hand-offs tracked over blockchain to eliminate risks that stem from inefficient and faulty data integrations
Oracle Blockchain Platform allows for structured, secured and transparent blockchain-based digital document management and exchange platform where all the logistics stakeholders can collaborate in real time for customs clearance, international trade facilitation, cargo handling at seaports, as well as information and registration systems for freight operations and vehicles.
In healthcare giving the right data to the right people at the right time can save lives. Using Oracle Blockchain Platform’s technology creates a seamless ecosystem that keeps the patient’s distributed team of care providers in sync in real-time.HealthSync uses Oracle Blockchain Platform to power more intelligent healthcare
“Healthcare infrastructures rely on siloed data, with each institution keeping independent records of the same information. Oracle Blockchain Platform enables our HealthSync Platform to aggregate data in a distributed ledger, giving providers a secure, single source of truth for better decision making.”
Moses Rajan, CEO, HealthSync Inc.
Oracle Blockchain Platform helps with tamper-evident recording of health test results and related data to ensure transparency in capturing, recording, and reporting of relevant statistics.
Fighting the growing problem of fake drugs using Oracle Blockchain Platform’s a distributedblockchain ledger and IoT to register and track all touchpoints in the drug’s movement, leaviesng no scope for record tampering.
Oracle Blockchain Platform enables colleges and professional education providers to issue tamper-proof credential certifications along with verifiable transcripts for self-sovereign access sharing by students.
Customs service puts inefficient and fraud-attracting export licensing process on Oracle Blockchain Platformblockchain to reduce fraud and improve excise tax collection.
Criminal investigations track evidence chain of custody on a distributed ledger built on Oracle Blockchain Platform that connects multiple labs and increases public trust.
Oracle Blockchain Platform’s immutable distributed ledger helps manage visa cases and track documents for more efficiency and transparency, and helps prevent less fraud.
Blog series on how 2020 transformation of enterprise blockchain is going to impact blockchain evolution in 2021. How are changing customer priorities and unanticipated challenges going to shape enterprise blockchain adoption this year? Read about:
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