Businesses around the world have already reaped the benefits of blockchain applications built on Oracle Blockchain Platform.
Companies using Oracle's business-ready blockchain have been able to move from experimentation to production by creating new blockchain applications from scratch or adding blockchain functionality to an existing solution.
To support its customers, Oracle has added new features to the platform that help users speed up the development, integration, and deployment of new blockchain applications.
While blockchain can greatly streamline many existing processes surrounding supply chain, identity, cross-border payments, and fraud detection, businesses have struggled to implement blockchain networks within their existing ecosystems.
Oracle Blockchain Platform addresses this challenge by streamlining the process of building and integrating blockchain applications across diverse business networks and connecting them into the relevant business processes within these ecosystems.
"Oracle's continued leadership and investment in enterprise blockchain technology ensures that the platform has all of the critical capabilities organizations need to build blockchain applications to handle their most important business transactions," said Frank Xiong, group vice president, Blockchain Product Development, Oracle.
"Oracle's blockchain solution delivers enterprise performance, security and scalability right out-of-the-box," said Doug Johnson-Poensgen, CEO and founder of Circulor.
Oracle has added unique developer-oriented productivity enhancements and consortium-oriented identity management features, which are critical to diverse organizations conducting business transactions via a blockchain network.
New DevOps capabilities make the platform easier to integrate with existing business and IT systems.
Hyperledger Fabric 1.3 support, which adds many new features based on the evolving open source version, including chaincode development in Java, further leveraging existing enterprise skills, and support for private transactions among a subset of members, preserving privacy and business confidentiality.