Oracle Unveils Blockchain Applications Cloud For Supply Chain

Oracle has long been ruling the worldwide market with its state-of-the-art cloud engineered systems and enterprise softwares tailored to the needs of various business types and verticals. Over the years, the company has released a series of enterprise-wide ERP softwares to alleviate the complex business operations of various companies and organizations. Lately, the company has launched an exclusive Blockchain Applications Cloud aiming to increase their trust amongst customers by making their transactions more agile across their existing networks.

The Cloud applications suite will also enhance the transparency and traceability across the supply chain, thereby providing better interoperability over their supply chain processes. With the successful deployment of this Blockchain Cloud from Oracle, all the Blockchain applications built by the company will seamlessly connect with Oracle Supply Chain Management Cloud. At the same time, it will also connect with Oracle ERP Cloud as well as the other Cloud Applications from Oracle.    

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How Blockchain Applications Can Help Run Supply Chains?

The modern-day Supply Chains generate massive chunks of data each day. On top of it, there are thousands of daily transactions that must be validated on time. Handling all this data while also managing the other complex supply chain processes like inventory movements is not easy at all. This not only limits the productivity of a business but also puts it under risk. The Blockchain applications powered by Oracle allow various businesses and organizations track every movement of their products throughout the supply chain.

The inventory movements are tracked on a P2P distributed ledger which also offers top-level security to the transactions, providing a better visibility across the supply chain. In addition to that, it accelerates the product delivery cycle and improves customer satisfaction.  

Also read Smart Contract Applications That SMEs Are Using For Their Expansion.

Business Benefits of Oracle Blockchain Applications Cloud

The business-ready Blockchain applications powered by Oracle makes it easier than ever to implement Blockchain based ledger system across different types of supply chains and other business verticals. Oracle Business Applications use real-time data to improve the accuracy of data obtained from the business network of a customer. The applications also leverage the IoT connectivity and embedded artificial intelligence features to do the same. Oracle also focuses on emerging technologies to provide intelligent recommendations to improve its customer experiences across the SaaS applications finance, supply chain, and human resources.