The latest Oracle update has made a revolutionary advancement in the field of blockchain technology. The renowned software development multinational company has launched a blockchain-based suite app on its Blockchain Cloud Service which is purportedly designed for the advance traceability and transparency in the supply chains. The official announcement was done by the company on October 23, 2018.
The new product is called as Oracle Blockchain Applications Cloud which consists of four different applications such as Intelligent Cold Chain, Intelligent Track and Trace, Warranty and Usage Tracking and Lot Lineage and Provenance. The blockchain powered suit is nothing but a software-as-a-service (SaaS).
Like several other supply chain management tools that are based on the future technology of blockchain. The Oracle update also claims to facilitate clients in tracking their supply chain goods through this app. In addition to this, it also enables increased transparency, improved customer satisfaction and accelerated product delivery using Hyperledger Fabric as its basis. Furthermore, this app can be used to check the authenticity of product components and helps in minimizing paper waste as mentioned by Coin Telegraph.
The company had originally planned to release this app in May this year as a platform for decentralized ledger-based applications, services, and products. However, the company was then working with the Nigerian government to use blockchain technology in documenting customs and import duties. Later, the launch of Oracle Blockchain Cloud Service was confirmed by the end of July. The tech giant conducted a number of trials of this system with their government, business and banking clients before the unveiling.
Oracle Blockchain App And Internet of Things (IoT)
This app also controls the Internet of Things (IoT) connectivity and makes use of use rooted artificial intelligence (AI) features in order to provide real-time data with enhanced accuracy in customer’s business network. (Via Oracle)
This oracle update will bring in the potential clients to the company in the upcoming years making it one of the top-rated vendors in the business of software market.
The post Latest Oracle Update: Company Launches Ready Blockchain Powered Business Suite appeared first on OWLT Market.
from OWLT Market https://ift.tt/2PSNdy3
via IFTTThttps://ift.tt/2OlCCL9
No comments:
Post a Comment