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Oracle Accelerates Blockchain for Business

Oracle Accelerates Blockchain for Business

Oracle, a leading provider of cloud-based digital solutions, has announced that it is accelerating the adoption of its Oracle Blockchain Platform for enterprises around the world.

According to a statement, Oracle’s service will deliver new capabilities and benefits to businesses in multiple industries, including the transportation sector.

Companies already using the business-ready blockchain platform have progressed from experimentation to production, creating blockchain applications from scratch.

Darko Djuric, CargoX, discusses how blockchain might be used to secure the cyber environment in a recent Port Technology technical paper

In addition to this, Oracle has added new features to the platform which speed up the development, integration, and deployment of new blockchain applications.

Oracle has asserted the potential of its blockchain applications to support a more connected and secure supply chain, the technology certifying identity, ensuring reliable cross-border payments, and detecting any fraudulent activity.

While some businesses, especially those within the maritime sector, have struggled to implement blockchain networks within their existing ecosystems, Oracle has addressed this issue by streamlining the process of building and integrating applications.

 

 

Frank Xiong, Group VP for Blockchain Product Development at Oracle, said: “Oracle’s continued leadership and investment in enterprise blockchain technology ensures that the platform has all of the critical capabilities organizations need to build blockchain applications to handle their most important business transactions.

“The number of customers already running blockchain applications based on Oracle’s blockchain platform is testament to the strength of the technology and the value it brings to a broad range of industries.”

With the aid of blockchain applications from Oracle, supply chain companies like CargoSmart have been able to carry out a variety of business process with increased speed, security and efficiency.

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