A technology partnership has been create to create a blockchain cloud service that will become the global language of supply chain.
OriginTrail, the global supply chain transparency blockchain technology developer, has partnered with Oracle to integrate the Oracle Blockchain Cloud Service and the OriginTrail network.
The partnership, powered through blockchain, will enable companies to ‘speak the same language with integrity’. The Oracle Blockchain Platform allows greater security in business processes and applications while enabling the faster processing of transactions.
OriginTrail and Oracle are working on an integration between Oracle products and the OriginTrail network that enables trusted data sharing based on distributed ledger technologies. Oracle’s ERP systems and cloud services can be seamlessly connected with the OriginTrail network by utilizing benefits of different legacy as well as novel DLT technologies, based on industry standards.
Companies already using Oracle products and services to easily use OriginTrail’s solutions. The OriginTrail protocol is a bridge that brings interoperability between Oracle’s and other blockchain solutions, and, as such, brings adoption of the blockchain closer to global supply chains.
Oracle Slovenia’s country manager, Rajko Novak, said: “Oracle offers businesses an easy way to adopt blockchain and transform enterprises with the comprehensive and enterprise-grade blockchain platform. Integration with the OriginTrail network enables easier data sharing between companies along the supply chains, all based on distributed ledger technologies. Partnership with OriginTrail brings Oracle’s enterprise-grade technology closer to specific supply chain purposes. This enables to extract more value out of data being exchanged in the multi-organizational environment.”
Tomaž Levak, co-founder of OriginTrail, said: “There is a lot of value that can be captured from data sharing across supply chains. A partnership with OriginTrail will enable companies that are already using Oracle products and services to easily use OriginTrail’s solutions, and the easier integration of Oracle’s systems with various blockchains. We are immensely thrilled to work with a world leader to together tackle challenges resulting from an industry paradigm shift from traditional databases to distributed ledger technologies.”