Oracle Blockchain Service Now Generally Available

Oracle has announced that its Blockchain Cloud Service is now generally available. The service allows organizations to build blockchain networks to drive more secure and efficient transactions and to track goods through supply chains on a global scale.

Stating that blockchain promises to be one of the most transformative technologies of our generation, Amit Zavery, executive vice president, Oracle Cloud Platform, said the new offering is the result of years of R&D and will help customers eliminate unnecessary processes, and transact with their distributed networks more easily and securely.

Arab Jordan Investment Bank, CargoSmart, Certified Origins, Indian Oil, Intelipost, MTO, Neurosoft, Nigeria Customs, Sofbang, Solar Site Design and TradeFin are among the many global organizations that already have adopted the platform, according to Oracle.

The new service provides customers with a development platform to build their own networks, and to 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 organizations, and deploy and run smart contracts to update and query the ledger.

Oracle’s blockchain platform is built on top of The Linux Foundation’s Hyperledger Fabric. It is pre-assembled with 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.

As an Oracle-managed cloud platform backed by a 99.95% availability SLA, Oracle says the Blockchain Cloud Service provides built-in high availability configuration, autonomous recovery agents, as well as continuous ledger backup capabilities that can enable multi-data center disaster recovery across availability domains.

In addition, the blockchain service benefits from 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.

Oracle is also delivering new SaaS applications to use blockchain technology for common use cases, such as track and trace (e.g., goods in transit), provenance identification (e.g., art, manuscripts), warranty and usage (e.g., recalls, authenticity of parts), and cold chain (e.g., temperature-controlled supply chain).

More information is available about the Oracle Blockchain Cloud Service.