COUNTRY FOCUS : JORDAN transactions , track goods through supply chains , and reduce costs , including global shipping leaders , multinational manufacturers , food producers and energy marketplaces .
Blockchain has the power to fundamentally transform how every industry does business by making interactions more secure , transparent , efficient and cost-effective .
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 users to provision Blockchain networks , join other organisations , and deploy and run smart contracts to update and query the ledger .
“ The built-in features such as identity management and data encryption made it an ideal choice given our industry requirements and compliance needs . Additionally , the REST APIs helped us and our vendors accelerate application development and integration with existing core services ,” said Qadoumi .
Oracle ’ s Blockchain platform leverages the company ’ s decades of experience across industries and its extensive partner ecosystem to reliably share and conduct trusted transactions with suppliers , banks , and other trade partners through Blockchain .
“ Blockchain promises to be one of the most transformative technologies of our generation ,” said Amit Zavery , Executive Vice President , Oracle Cloud Platform .
“ We are excited to announce the availability of Oracle Blockchain Cloud Service . It is the result of years of R & D alongside our valued partners and customers . With Oracle ’ s platform , enterprises can enhance their business , eliminate unnecessary processes , and transact with their distributed networks more easily , transparently and securely than ever before .”
Oracle ’ s Blockchain platform is built on top of The Linux Foundation ’ s Hyperledger Fabric . It is pre-assembled with all the underlying infrastructure dependencies , container lifecycle management , event services , identity management , REST proxy , and a number of operations and monitoring tools integrated under a single console , expediting the set-up and application development process .
Oracle Blockchain Cloud Service is an Oracle-managed cloud platform backed by a 99.95 % availability SLA , with built-in high availability configuration , autonomous recovery agents , as well as continuous ledger backup capabilities that can enable multi-datacentre disaster recovery across availability domains . It further benefits from broad capabilities in Oracle Cloud Platform for plug-and-play integration with existing cloud and on-premises applications , API management , and application development environments and tools .
Additionally , Oracle is delivering new SaaS applications to use Blockchain technology for common use cases , such as track and trace , provenance identification , warranty and usage , and cold chain .
The plug-and-play ability with Oracle and third-party applications results in faster integration with diverse systems of record ; greatly accelerates time to market and multiply the returns from using the Blockchain platform across different application use cases . • www . intelligentcio . com INTELLIGENTCIO
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