Oracle Launches Enterprise-Grade Blockchain Cloud Service
Monday, October 02, 2017
Enables Organizations to Securely Extend Business Applications and Processes, Accelerate Transactions Across Partner Ecosystems
SAN FRANCISCO, Oct. 2, 2017 /PRNewswire/ -- Oracle OpenWorld -- Enabling customers to leverage one of today's most disruptive emerging technologies, Oracle today announced Oracle Blockchain Cloud Service. The advanced, enterprise-grade distributed ledger cloud platform helps customers increase business velocity, create new revenue streams, and reduce cost and risk by securely extending ERP, supply chain, and other enterprise SaaS and on-premises applications to drive tamper-resistant transactions on a trusted business network.
Part of Oracle Cloud Platform, Oracle Blockchain Cloud Service delivers an enterprise-grade blockchain platform with industry leading resiliency, scalability and security. It is fully managed by Oracle and provides customers rapid provisioning and simplified operations with built-in monitoring, continuous backup, and point-in-time recovery.
"Blockchain holds the promise to fundamentally transform how business is done, making business-to-business interactions more secure, transparent, and efficient," said Amit Zavery, senior vice president, Oracle Cloud Platform. "Oracle Blockchain Cloud Service provides enterprise-grade blockchain capabilities and is able to accelerate innovation for on-premises ERP and cloud-based SaaS and PaaS customers. Enterprises can now streamline operations across their ecosystem and expand their market reach with new revenue streams, sharing data and transacting within and outside the Oracle Cloud."
As part of its commitment in helping enterprise customers realize the benefits of blockchain, Oracle recently joined Hyperledger. Hosted by The Linux Foundation, Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. By leveraging open sources and maintaining interoperability with open standards, Oracle enables customers to benefit from all open-source innovations, and avoid vendor lock-in.
Delivered by the world's most scalable, distributed transaction processing platform provider, Oracle Blockchain Cloud Service enables customers to:
-- Deliver business results with the ability to rapidly onboard and easily
scale the network participants globally, while ensuring that operations
run continually with resilience, high availability, and autonomous
-- Accelerate Innovation with Oracle Cloud Applications by extending
enterprise boundaries to reduce friction in existing business processes
and enable new business models and opportunity to access untapped
revenue streams. The Applications Integration toolkit provides
integrated applications, sample code, templates and design patterns to
accelerate the integration of Blockchain applications to Oracle SaaS and
on premises applications suites.
-- Speed up business processes through trusted real-time information
sharing across existing Oracle ERP Cloud, Oracle SCM Cloud, Netsuite
SuiteCloud Platform or custom blockchain application integrations.
-- Reduce risk, complexity, and increase efficiency by securely automating
cross-organization transactions, and providing reliable sharing of
information both inside and outside the enterprise boundary. Combined,
these can help reduce transaction costs, mitigate security and privacy
risks for enterprises, and simplify compliance and audits. With a
pre-assembled, managed cloud platform, customers can also simplify
operational complexity, dynamically change network configurations and
rapidly identify and resolve issues with real-time monitoring
dashboards. Furthermore, as blockchain technology rapidly evolves,
Oracle plans to stay on top of the latest capabilities and helps ensure
customers are not exposed to undue risk of technological churn.
-- Accelerate time to market with REST API-driven platform and rich
integration options in Oracle Cloud Platform. Start developing
blockchain applications within minutes without complex setup and
provisioning, and leverage API-driven development for cloud or
on-premises applications using REST API and API management service to
easily invoke blockchain services directly or with pre-built
integrations from Oracle Cloud.
Additionally, Oracle plans to offer Oracle BlockChain Cloud Service as part of Oracle Platform for Open Banking, and provide seamless connectivity between Oracle FLEXCUBE and other banks to enable greater security, scalability, and transparency in the information exchanged.
Validation of Out-of-the-box Connectivity and Seamless Integration
"Accenture is proud to be one of the early leaders in blockchain and assisting clients with the use of it for new and innovative solutions," said David Treat, managing director who leads Accenture's global blockchain practice. "Oracle's integration capabilities and the ability to add value on top of open source technologies, like Hyperledger Fabric, make Oracle Blockchain Cloud Service a strong contender in the enterprise. Through our initial tests, we were impressed with its pre-assembled approach, ease of integration through the REST APIs, and strong focus on enterprise requirements. We look forward to leveraging the technology to offer new innovative capabilities to our clients."
"As an early adopter of Oracle technologies, Infosys is pleased to partner on the newly launched Oracle Blockchain Cloud Service," said Indranil Mukherjee, vice president, head of Oracle Practice, Infosys. "This will enable customers to extend their current Oracle ERP and SaaS solutions to use trusted business networks for securely conducting business-to-business transactions in real-time across their ecosystem of trading partners. Oracle's investment in a enterprise-grade blockchain cloud platform along with Infosys' expertise in blockchain will enable Infosys customers to build more secure, transparent and efficient enterprise, and be ready to succeed in the digital economy."
"Our collaboration with Oracle is aimed at developing a blockchain cloud service for enterprises that helps to advance the privacy of blockchain transactions and improve the interoperability of traditional databases and blockchains," said Raejeanne Skillern, Vice President, Data Center Group and General Manager, Cloud Service Provider Group, Intel Corporation. "Intel platforms such as the recently announced Intel Xeon Scalable platform include a broad set of hardware features that help improve blockchain security and performance."
-- Oracle Cloud Platform
-- Oracle Blockchain Cloud Service Cloud
-- Focus on Blockchain: Oracle OpenWorld blockchain sessions, demos, and
-- Connect with Oracle Cloud on Facebook, Twitter and via the Oracle Cloud
The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.
About Oracle OpenWorld
Oracle OpenWorld, the industry's most important business and technology conference for the past 20 years, hosts tens of thousands of in-person attendees as well as millions online. Dedicated to helping businesses leverage Cloud for their innovation and growth, the conference delivers deep insight into industry trends and breakthroughs driven by technology. Designed for attendees who want to connect, learn, explore and be inspired, Oracle OpenWorld offers more than 2,500 educational sessions led by more than 2,000 customers and partners sharing their experiences, first hand. With hundreds of demos and hands-on labs, plus exhibitions from more than 400 partners and customers from around the world, Oracle OpenWorld has become a showcase for leading cloud technologies, from Cloud Applications to Cloud Platform and Infrastructure. For more information; to register; or to watch Oracle OpenWorld keynotes, sessions, and more, visit www.oracle.com/openworld. Join the Oracle OpenWorld discussion on Twitter.
Safe Harbor Disclaimer
The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation.
Statements in this article relating to Oracle's future plans, expectations, beliefs, and intentions are "forward-looking statements" and are subject to material risks and uncertainties. Such statements are based on Oracle's current expectations and assumptions, some of which are beyond Oracle's control. All information in this article is current as of October 2, 2017 and Oracle undertakes no duty to update any statement in light of new information or future events.
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Intel and Xeon are registered trademarks of Intel Corporation in the United States and other countries. Other names may be trademarks of their respective owners.
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