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Oracle announces the general availability of the Oracle Blockchain Cloud Service platform. The service enables organizations to easily create solutions based on blockchain technology, increasing the security and reliability of their transaction systems.
Blockchain promises to transform virtually every department of the business from the moment business interactions become safer, more transparent, more efficient and less expensive with this technology. The Oracle Blockchain Cloud service provides customers with a development platform that allows them to create their own solutions and easily integrate them with other software already in use (that is, it 's all in one. Oracle or third party SaaS). Seamless integration with other blockchains or Oracle PaaS platform services is also transparent. Oracle Blockchain Cloud Service allows blockchain network users to provide, make available to other organizations and "Smart Contracts" (that is, the protocols used to implement the transaction). itself – the "contract") updating the distributed book (ledger). The platform supply for the blockchain is based on decades of experience in the various departments of the industry; Oracle also has a vast ecosystem of partners that allows for reliable transactions with suppliers, banks and other entities
"Blockchain can be one of the current technologies that will lead to the transformation the most crucial of transaction processing " says Amit Zavery, executive vice president of Oracle Cloud Platform, Oracle. "Oracle Blockchain Cloud Service is the result of years of research and development, collaboration with partners and customers, and with this platform customers can grow their business and communicate better with their partners through networks. distributed – simpler, more transparent, and safer than ever. "
The Oracle Blockchain Cloud Service platform is based on the Linux Foundation's Hyperledger Fabric and is pre-assembled into a single functional unit with the following features: other components that create the necessary infrastructure, such as container lifecycle management, event service, identity management, REST and a range of monitoring and operating tools. this is integrated into a single control console, within which it is easy to set the parameters of the environment and implement the development of the & # 39; application itself Oracle Blockchain Cloud Service is a managed Oracle platform that guarantees 99.95% uptime (SLA), configurable configuration options are also available, a standalone recovery agent is available and accounting is saved continuously, environment of several data centers, through available domains
The Oracle Cloud Platform offers easy integration with other applications, whether in the cloud or on premise. this integration often takes the form of plug-and-play. It is also easy to interact with APIs and other tools and development environments. In addition, Oracle introduces new cloud applications (directly in the form of software – such as SaaS) that deploy blockchain technology in common usage scenarios, whether for transaction tracking, identification from the origin or the guarantee. Simple integration makes it possible to use different accounting systems and accelerates the launch of new services on the market; all this adds to the advantages of blockchain technology in many different scenarios of its use
"Blockchain is received very quickly today and pilot projects are being deployed in the production environment. More and more entities are realizing the benefits of distributed accounting books and smart contracts. " said Robert Parker, vice president of manufacturing and distribution at IDC. "In addition, a business class platform that goes beyond the usual open source projects can provide data security and integrity, scalability, manageability, and interoperability."
Oracle Blockchain Cloud The service has already been deployed, for example. the following companies: Arab Jordan Investment Bank, CargoSmart, Certified Origins, Indian Oil, Intelitex, MTO, Neurosoft, Nigerian Customs, Sofbang, Solar Site Design and TradeFin. Blockchain makes sense for virtually all business departments, be it for example.
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