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Oracle Unveil New Blockchain Service

Oracle Unveil New Blockchain Service

Global organisations such as CargoSmart and Intelipost have implemented an early adopter version of the new Blockchain Cloud Service from software firm Oracle.

Advocates of blockchain technology claim that it can expedite and secure the movement of the global supply chain to make interactions are more secure, transparent and efficient.

The Oracle Blockchain Service is pre-assembled with infrastructure tools, including container lifecycle management and identity management.

Another feature is a REST proxy, which makes the consumption of messages and information updates easier.

Alex Goussiatiner outlines the sea-freight automation framework in a recent Port Technology technical paper

In addition to this, continuous ledger back-up capabilities also enable recovery in the case of error or disaster.

Amit Zavery, Executive Vice President of Oracle Cloud Platform, commented: “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.”

Steve Siu, CEO of CargoSmart, stated: “The comprehensive nature of Oracle’s blockchain cloud platform has allowed us to quickly build prototypes into viable products in several 12-week sprints.

“So far, we have seen proven productivity gains of over 30% as compared to the other blockchain platforms we tried”

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