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Oracle joins IBM, SAP and Microsoft to offer Blockchain-as-a-service to companies that want to deploy distributed ledger technology without the expense associated with adopting technology internally. 19659002] The company announced Monday the availability of a fully managed Blockchain service through which companies can automate processes, through an immutable registry, such as tracking goods in a supply chain or managing financial transactions.
Blockchain-as-a-service offerings have grown over the past three years, allowing companies to launch proof of concept to test distributed ledger technology without the capital costs required to implement it. own internal work.
Oracle introduced its Blockchain Cloud Service at OpenWorld in October. The new offering is based on the Open Source platform Hyperledger Fabric of the Linux Foundation, a collaborative tool for the construction of blockchain-distributed wholesale networks, such as smart contract technology.
Oracle also announced that it had a handful of early adopters from BaaS (Blockchain as a Service) who implemented proof of concept, including Arab Jordan Investment Bank, CargoSmart, Certified Origins, Intelipost , Nigerian customs and solar site design. , the Tuscany-based olive oil producer, based in Italy, Certified Origins, launched in early 2018 a Block Chain Test (Proof of Concept) that is being produced to chart – from the origin to the retailer – deliveries of its brand of extra virgin olive oil Bellucci
"The main objective for which the project was born, and what we evaluate in these days of testing, is the Blockchain algorithm that is linked to the greater transparency that we can provide through traceability, "said Andrea Biagianti, Certified Origins CIO, in a response email.
While the original certified business model has always been based on the traceability of the supply chain of its olive oil, and has received several government certifications for this, the management of its supply chain through the blockchain technology "seemed logical" The next step, and the subsequent evolution of our blockchain system, will be the precise and careful management of & # 39; 39, an intelligent contract to give the system a traceability method, "said Biagianti M.
.Automatic evaluation of production options," said Biagianti. "The assessments made today by the operator will be carried out by this intelligent contract, which will allow the team to spend more time on operational and quality controls."
A smart contract is a block-chain-based business automation tool that executes in the presence of predetermined rules based on pre-established code. For example, once a shipment is confirmed as received by a shipper, the payment can be automatically transferred from a bank to the manufacturer and / or the shipping company.
Another aspect of the chain of blocks that he loves Biagianti is his distributed nature, which makes him safer and unalterable.
"Today's election has proved to be a success and this association helps us to make Bellucci … the first global brand in its category with a traceability based on" Lionel Louie , director of commerce at CargoSmart, a global navigation management software provider, said his company is using Oracle BaaS to create a network of industrial block chains for
Today, global shipping is supported by paper processes dated between many stakeholders and between countries, Louie said. Lution is designed to create a reliable digital documentation management database throughout the industry. Shippers, exporters, carriers, truckers and customs can collaborate more effectively because this platform provides the single version of the truth, an immutable audit trail with low latency, "Louie said in a reply. by e-mail.
CargoSmart will also leverage other Oracle services in conjunction with its blockchain offerings, including its cloud of identity management, its process cloud, its cloud integration and its cloud Java.
Louie, CargoSmart's business partners will no longer have to use a centralized database to record their transactions "that could be changed by a third party."
"Each organization in the network will have an immutable, authorized and distributed registry, which is the same throughout the network, and they get the same view of the details of the transaction." Louie
Ayman Qadoumi, Executive Director information and security technologies at Arab Jordan Investment Bank, said the Oracle blocking platform has contributed to the reduction of litigation and documentation differences. complexity of electronic funds transfers by reducing costs, increasing efficiency and security levels and, ultimately, improving the overall customer experience.
such as identity management and data encryption, made it an ideal option, given the industry's requirements and regulatory requirements for compliance, and REST APIs helped us and our the development and integration of applications with existing core services, "said Amad Zavery, executive vice president of Oracle Cloud Platform. Your company has added many features to the Hyperlockger Blockchain specification for ease of use, including APIs, patch management, data backup, and overall network chain lifecycle management. blocks through his service.
"The goal for us is to make it very easy for a developer to build an application based on a chain of blocks," Zavery said. "He is able to evolve, he is sure, he understands the intrigues of a business-based application with a set of APIs."
Like the Hyperledger Fabric specification on which it is based, the Oracle Blockchain Cloud service is a development platform that can be used by a company to build their own networks. Oracle has stated that its service allows blockchain to easily integrate with Oracle SaaS and third-party applications that a client can already use, as well as other blockchain networks and platform offerings as well. that Oracle service. It also allows users to provision Blockchain networks or join other organizations and implement and execute smart contracts to update and view the ledger, says Zavery
Oracle. blockchain so that as the Hyperledger specification evolves and new features are added, the developers of a client will no longer have to rewrite the application of their business according to their specific blockchain implementation.
"We provide a set of abstractions – APIs – so that they can continue to use the ledger distributed in Blockchain, while adding new features that may be present in the ecosystem of the chain of blocks, "said Zavery
The Blockchain Cloud Service can be used without a contract through a" pay-as-you-go "option or a monthly contract l, annual Customers can also subscribe to a free 30-day cloud service trial.
By Lucas Mearian Computerworld.com
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