Friday, 29 May 2020

Oracle Launches Enterprise-class Blockchain Cloud Service

Enterprise software giant Oracle Corp. launched an early adopter version of Oracle Blockchain Cloud Service.

The service allows enterprises to easily build blockchain networks to drive more transparent, secure and efficient transactions and to track goods through supply chains on a global scale.

The early adopters of the pre-release version of Oracle's cloud-based blockchain platform are Arab Jordan Investment Bank (AJIB), CargoSmart, Certified Origins, Indian Oil, Intelipost, MTO, Neurosoft, Nigeria Customs, Sofbang, Solar Site Design and TradeFin.

AJIB said the platform has helped the bank "minimize the complexity of electronic fund transfers by reducing cost, increasing efficiency and security levels, and ultimately improving the overall customer experience."

The blockchain service uses the Oracle-managed cloud platform and is built on top of the Linux Foundation's Hyperledger Fabric. However, it supports interoperability with non-Oracle Hyperledger Fabric.

Oracle Blockchain Cloud Service provides customers with a development platform to build their own networks, and to quickly integrate with Oracle SaaS and third-party applications they already use, as well as other blockchain networks and Oracle PaaS services.

It also enables plug-and-play integration with existing cloud and on-premises applications, API management, and application development environments and tools.

It comes pre-assembled with a number of operations and monitoring tools integrated under a single console, expediting the set-up and application development process.

Redwood Shores, California-based Oracle joined the Food Safety Consortium and is a member of The Alliance for Telecommunications Industry Solutions, participating in its working group on blockchain.

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