{"id":34731,"date":"2019-03-29T11:30:44","date_gmt":"2019-03-29T03:30:44","guid":{"rendered":"http:\/\/www.upgrademag.com\/web\/?p=34731"},"modified":"2019-03-29T11:30:47","modified_gmt":"2019-03-29T03:30:47","slug":"oracle-blockchain-platform-now-available-as-part-of-everledgers-provenance-tracking-solution","status":"publish","type":"post","link":"http:\/\/www.upgrademag.com\/web\/2019\/03\/29\/oracle-blockchain-platform-now-available-as-part-of-everledgers-provenance-tracking-solution\/","title":{"rendered":"Oracle Blockchain Platform now available as part of Everledger\u2019s provenance tracking solution"},"content":{"rendered":"\n

Oracle\u2019s enterprise-grade blockchain platform is now available as part of Everledger\u2019s blockchain-based solution following a rigorous development and scale evaluation process.\u00a0 As part of this, Everledger, a global emerging technology enterprise leading the way in real-world applications of\u00a0blockchain, assessed Oracle\u2019s blockchain offering for its ability to provide extended product capabilities to support enhanced customer solutions.<\/strong><\/p>\n\n\n\n

In particular, the alignment will give Everledger users the ability to shadow blockchain transactions into a relational database, making it easier to run analytics on them.  This will enable improved decision making, for example, being better able to determine how long it takes to transport gemstones from mine to the wholesaler and the retailer.<\/p>\n\n\n\n

A pioneer in digital provenance tracking, Everledger\u2019s blockchain-based platform is trusted by many industries including diamonds, coloured gemstones, fine wine and art. The ability to transparently track the provenance and lifetime journey of assets as they move across global supply chains, is especially critical for high value goods. These industries are susceptible to increased potential for theft, fraud and counterfeit \u2013 in the diamond industry alone, fraud events cost the insurance industry millions of dollars a year.  <\/p>\n\n\n\n

Leanne Kemp, founder and CEO of Everledger says, \u201cWith an increasing consumer consciousness and a vocal demand for transparency, our work is focused on engaging entire business ecosystems to provide consumers the ability to make fully informed purchasing decisions. It is thus key for us to enable the ease of systems interaction and provide value add to our customers.<\/p>\n\n\n\n

\u201cThe inclusion of Oracle Blockchain Platform in our offering enables us to deploy more innovative products and solutions for our customers globally, in particular with improved time to market for business intelligence reporting solutions. Oracle\u2019s comprehensive enterprise-grade offering will open our customers to realising more from our blockchain-based platform and crystalise value from the data in their own systems.\u201dK<\/strong><\/p>\n\n\n\n

Some of the new capabilities of Oracle Blockchain Platform are deemed critical by Everledger in the integration of its blockchain-based platform with customers\u2019 existing business and IT systems. As blockchain becomes an important data store in the enterprise, the Oracle Blockchain Platform enables users to capture blockchain transaction history and current state data for analytics as well as integrate it with other data sources.<\/p>\n\n\n\n

\u201cOur longstanding goal has been to help customers to manage, protect, analyze and use the world\u2019s data for the benefit of all.  Being able to work with innovative companies like Everledger is an amazing opportunity.  We look forward to helping both the company itself further its innovations in tracking and tracing the authenticity of some of the world\u2019s most precious items, but also helping those in the ecosystem link key data sources for wider benefit,\u201d said Frank Xiong, group vice president, Blockchain Product Development, Oracle.<\/p>\n\n\n\n

The key elements of note include:<\/p>\n\n\n\n

Database access<\/strong> \u2013 Data is an integral part of blockchain. With much of the world\u2019s data resident in Oracle systems, the use of Oracle Blockchain Platform to seamlessly link to those repositories will enable these same customers to leverage both their existing data stores and data on the Everledger blockchain.<\/p>\n\n\n\n

Analytics <\/strong>\u2013 Oracle Blockchain Platform\u2019s ability to connect to therich histories stored in an organisation\u2019s existing database means that Everledger can seamlessly enable analytics integration for highly visual interactive dashboards and reports.<\/p>\n\n\n\n

Monitoring<\/strong> of network health, transaction rates, and other statistics, and other elements of blockchain administration\/configuration, are made easier by enhanced REST APIs, which also simplify integration with existing enterprise IT tools.<\/p>\n\n\n\n

Out of the box<\/strong> plug and play capabilities from the Oracle Blockchain Platform makes it not only easy for Everledger to get off the ground, but will also easier for deployment.<\/p>\n\n\n\n

Developer tools\u00a0<\/strong>– Additionally, the query tools for Oracle Blockchain Platform link into things like smart contract support standard SQL-based ledger queries, enabling organisations to leverage the skill sets their developers already have, thereby reducing the complexity of developing\u00a0chaincode\u00a0and boosting performance.A<\/strong><\/p>\n\n\n\n

Only Oracle provides a comprehensive blockchain offering, including business-ready Oracle Blockchain Applications Cloud and Oracle Blockchain Platform for developers who need to build or integrate their applications. Oracle\u2019s blockchain applications are built with Oracle Blockchain Platform and seamlessly connect with Oracle Supply Chain Management (SCM) Cloud, Oracle Enterprise Resource Planning (ERP) Cloud and other Oracle Cloud Applications. Oracle Blockchain Platform is production ready with enterprise-grade capabilities, easy to adopt, and quick to develop upon, accelerating customer\u2019s blockchain journeys and saving their costs.<\/p>\n","protected":false},"excerpt":{"rendered":"

In particular, the alignment will give Everledger users the ability to shadow blockchain transactions into a relational database, making it easier to run analytics on them. This will enable improved decision making, for example, being better able to determine how long it takes to transport gemstones from mine to the wholesaler and the retailer.<\/p>\n","protected":false},"author":6,"featured_media":447,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[5602,290,96],"class_list":["post-34731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","tag-blockchain","tag-oracle","tag-technology"],"_links":{"self":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/34731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/comments?post=34731"}],"version-history":[{"count":0,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/34731\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media\/447"}],"wp:attachment":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media?parent=34731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/categories?post=34731"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/tags?post=34731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}