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Blockchain platforms have evolved from their cryptocurrency origins, and are now being put to work in production environments in the enterprise.
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.
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.
“With the blockchain technologies, we see 65 percent savings in time of handling paper documents and documentation on shipments.”
—Lionel Louie, Chief Commercial Officer, CargoSmart