OriginTrail and Oracle have entered into a technology partnership that will result in an integration between the Oracle Blockchain Cloud Service and the OriginTrail network. The partnership spans across the region, as it involves several Oracle offices in Southeast Europe.
OriginTrail’s blockchain protocol aims to become the global language of supply chains, enabling companies to speak the same language with integrity. The Oracle Blockchain Platform securely extends business processes and applications while enabling the faster processing of business transactions.
OriginTrail and Oracle are working on an integration between Oracle products and the OriginTrail network that enables trusted data sharing based on distributed ledger technologies. Because of tight integration efforts, the enterprise software built by Oracle, namely ERP systems and cloud services, can be seamlessly connected with the OriginTrail network, and therefore other enterprise systems, by utilizing benefits of different legacy as well as novel DLT technologies, based on industry standards.
This partnership enables companies that are already using Oracle products and services to easily use OriginTrail’s solutions. It also allows for the easier integration of Oracle systems with various blockchains.
The OriginTrail protocol is a bridge that brings interoperability between Oracle’s and other blockchain solutions, and, as such, brings adoption of the blockchain closer to global supply chains.
The blockchain has the power to fundamentally transform how every industry does business by making interactions more secure, transparent, efficient, and cost-effective. The Oracle Blockchain Cloud Service provides customers with a development platform to build their own networks, and to quickly integrate with Oracle SaaS and third-party applications they already use, as well as other blockchain networks and Oracle PaaS services. The Oracle Blockchain Platform is based on Hyperledger Fabric.
Oracle Slovenia’s country manager, Rajko Novak, said: “Oracle offers businesses an easy way to adopt blockchain and transform enterprises with the comprehensive and enterprise-grade blockchain platform. Integration with the OriginTrail network enables easier data sharing between companies along the supply chains, all based on distributed ledger technologies. Partnership with OriginTrail brings Oracle’s enterprise-grade technology closer to specific supply chain purposes. This enables to extract more value out of data being exchanged in the multi-organizational environment.”
We use cookies to help provide you with the best possible online experience.
By using this site, you agree that we may store and access cookies on your device.
You can find out more and set your own preferences here.
