Oracle launches Blockchain Applications Cloud to aid supply chain transparency

By Marcus Lawrence
Oracle announced the launch of its Blockchain Applications Cloud suite on 23 October, offering customers greater supply chain traceability and transpare...

Oracle announced the launch of its Blockchain Applications Cloud suite on 23 October, offering customers greater supply chain traceability and transparency

The suite will enable firms to analyse their supply chains with increased accuracy and incisiveness, with blockchain’s verifiable trust factor ensuring the data provided is accurate and traceable.

“Modern supply chains generate millions of data points and thousands of daily transactions that need to be validated and confirmed,” Oracle noted in its press statement.

As investors, customers, and clients are increasingly conscious of responsible supply chain operations, this mass of data represents considerable risk to companies who lack the insight to maximise ethics and sustainability in their supply chains.

See more:

“Oracle Blockchain Applications enable customers to track products through the supply chain on a distributed ledger to increase trust in business transactions, get better visibility across a multi-tier supply chain, accelerate product delivery and contract execution, and improve customer satisfaction,” Oracle said.

The firm aims to “reduce barriers to adoption of blockchain” by ensuring that its applications are business-ready and integrable with legacy systems, allowing companies to access the benefits of DLT with greater immediacy and minimised disruption.

Rick Jewell, Senior Vice President of Supply Chain and Manufacturing Cloud Applications at Oracle, said:

“Many technology companies are offering a blockchain platform for customers to build on, but we wanted to go one step further.”

“These blockchain applications work seamlessly with existing Oracle Cloud Applications and are out-of-the-box ready with pre-built integrations and business network templates for common business processes.”

Share

Featured Articles

Cainiao: The World's Largest Ecommerce Logistics Provider

As Alibaba-owned Cainiao announces big Q4 2023 revenues rise, we profile the world's largest global e-commerce logistics services provider

FedEx Express Opens Singapore Logistics HQ

FedEx Express focuses on Singapore as global logistics hub - a status marked by the must-attend Procurement & Supply Chain LIVE Singapore event

Supply Chain Problems Sees Partnerships Programme Grow

Kinaxis PartnerLink programme extended in face of volatile economic and political landscape for supply chains

Bain: CEOs Leveraging Supply Chain for Competitive Edge

Digital Supply Chain

Carlsberg Targets Supply Chain in its Drive to Net Zero

Sustainability

SAP's new AI CO Herzig 'Will Drive the Tech to Next Level'

Technology