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Oracle Erp Blockchain

Blockchain | Oracle

Blockchain | Oracle

Blockchain Is One of Todays Most Disruptive Emerging Technologies 10% of the Global GDP will be stored in blockchain technology by 20271 $176 Billion business value-add of blockchain by 20252 "Blockchain holds the promise to fundamentally transform how business is done, making business-to-business interactions more secure, transparent, and efficient..." Amit Zavery, Senior Vice President, Oracle Cloud Platform "The technology most likely to change the next decade of business is not the social web, big data, the cloud, robotics, or even artificial intelligence. Its the blockchain..." Harvard Business Review "The Impact of Blockchain Goes Beyond Financial Services," May 2016 What Is Blockchain and Why Should You Care? This will enable customers to extend their current Oracle ERP and SaaS solutions to use trusted business networks for securely conducting B2B transactions in real-time across their ecosystem of trading partners. Indranil Mukherjee, Vice President, Head of Oracle Practice, Infosys A blockchain is a system for maintaining distributed ledgers in a way that allows organizations who might not fully trust each other to agree on ledger updates. Instead of using a central third party or an offline reconciliation process, Blockchain uses peer-to-peer protocols. As a distributed ledger, blockchain provides a near real-time and indelible record thats replicated among the participants. Blockchain has the potential to fundamentally transform how global business transactions are conducted. Currently, some business-to-business transactions are routed through third parties to ensure their integrity and protection. These third parties can introduce delays and add costs. Blockchain technology enables the participants in a trusted business network to transact directly, while Continue reading >>

How Ibm's Blockchain Investments Are Paying Off

How Ibm's Blockchain Investments Are Paying Off

The debate about just how big and how important blockchain technology will ultimately become rages on but the fact that it has breathed new life into some of the old battleships of big tech like IBM, Microsoft, SAP and Oracle is undeniable. Last October, Oracle announced the formation of Oracle Blockchain Cloud Service , which helps customers extend existing applications like enterprise-resource management systems. A month earlier, rival SAP said clients in industries like manufacturing were testing its cloud service. And on Nov. 20, Microsoft expanded its partnership with consortium R3 to make it easier for financial institutions to deploy blockchains in its Azure cloud. But, perhaps the biggest winner among the tech giants now transitioning is probably IBM, which was ranked number one among blockchain technology providers in 2017 in an enterprise survey by Juniper . IBM was one of the first big companies to recognize the potential of distributed ledgers, contributing code to the Linux Foundations HyperLedger open-source effort, and encouraging startups to try the technology on its cloud for free. The effort is paying off. Demand for blockchain technology, originally known for being the underlying trust core of Bitcoin, is growing so much that the company believes it will be one of the largest users of capacity this year at the 60 or so data centers it rents to other companies around the globe. IBM fellow Donna N. Dillenburger explains the appeal that the combination of IBM and blockchain bring to the market: We need a way to share information that has a pedigree behind it. Were creating a system where our clients can be confident that information is secure and verifiable. The innovation of blockchain with the security of our enterprise platform is that it provides a Continue reading >>

Blockchain David Haimes Oracle Apps And Cloud Erp Blog

Blockchain David Haimes Oracle Apps And Cloud Erp Blog

Learn About Blockchain at Oracle OpenWorld In less than two weeks tens of thousands of Oracles customers and partners will gathering for our annual conference in San Francisco. Its always an exciting time, but this year I am more excited than normal because Ill be talking about some of our work on Blockchain technology. Blockchain, or Distributed Ledger Technology (DLT) is one of the most exciting and disruptive technologies to emerge for a very long time and Ive been quietly researching and working with it for quite a while in semi stealth mode (if you follow me on twitter you probably picked up on this) and this year a lot of Oracle experts will start showing you some of our work and sharing our views and insights. Given the level of interest in the topic, I expect all the Blockchain related sessions to be packed houses so register for them as soon as you can to avoid disappointment. So three ways to find Blockchain sessions Use this Focus on Blockchain document that lists keynotes, demo, sessions, hands on and panel discussions. Go to the session Catalog and use the handy filter as seen below Just use this link to register for sessions Im presenting Oracle Joins Hyperledger and my Blockchain Session at Oracle OpenWorld Although it was announced in an Oracle blog post a few weeks ago, there was an announcement from Hyperledger today which has been picked up by coindesk and a lot of other news outlets. I have been working on/with Blockchain or Disitributed Ledger Techncology(DLT)* for some time, as have many, many people inside Oracle. I have also been talking to A LOT of our customers, because when a technology has the possibility to make huge transformations to the way we do business, collaboration is critical. I love that I am able to not only be part of the conver Continue reading >>

Quantum Medical Transport, Inc. Invited To Participate In The Oracle Blockchain Cloud Platform Beta Program

Quantum Medical Transport, Inc. Invited To Participate In The Oracle Blockchain Cloud Platform Beta Program

ET | Source: Quantum Medical Transport, Inc. SUGAR LAND, TX, March 26, 2018 (GLOBE NEWSWIRE) -- Quantum Medical Transport, Inc. (OTC PINK: DRWN), an emerging growth medical services company (the Company) announces its acceptance of Oracle Corps invitation to participate in the Oracle Blockchain Cloud Platform Beta program, as the first step in developing QuantH, a HIPAA compliant medical blockchain technology. Quantum Medical Transport, Inc.s (OTC PINK: DRWN) QuantH, its own proprietary medical blockchain technology, is currently in development and will launch as the first HIPAA (Health Insurance Portability and Accountability Act) compliant blockchain technology. Oracle Corporations cloud-based integration platform is the largest provider to banks and supply chain vendors for the transfer of information and can handle the large amounts of data that the transmittal of medical practices require. Ricky Bernard, President of Quantum Medical, reached out to Oracle Corporation for a joint development of Quantums QuantH medical blockchain technology. In response, Oracles head of blockchain technology invited Quantum Medical to participate in the Oracles Blockchain Cloud Platform Beta Program in support of developing the Companys QuantH medical blockchain technology. Quantum Medical Transport, Inc.s (OTC PINK: DRWN) QuantH is currently being developed on Oracles cloud-based integration platform, where, QuantH Medical Blockchain Technology will enable secure encryption data sharing (Health Information Data Exchange), on a Hyperfabric Ledger Linux Platform. Ricky Bernard, President of Quantum Medical, commented: QuantH Medical Blockchain Technology will enable secure encryption data sharing (Health Information Data Exchange) that will be HIPAA compliant. We believe this technol Continue reading >>

Infosys-oracle Blog:oracle Blockchain Services - New Kid On The Block Or Something More?

Infosys-oracle Blog:oracle Blockchain Services - New Kid On The Block Or Something More?

Oracle Blockchain Services - New kid on the block or something more? Recently Oracle hasjoined the Hyperledger consortium to offer its own Blockchain cloud service.Using Hyperledger fabric Oracle prepares to offer an enterprise gradedistributed ledger cloud platform with numerous benefits to new as well as itsexisting customers. So the question is it is another blockchain solution or isit something more than that? Here we get into more details to analyze and understandthe Oracle offering, its strength and how it can really make a difference toits existing Oracle customer base! My earlier whitepaper published on infosys.com discusses howintegrating the blockchain with ERP can bring an end-to-end supply chain transparency,from the most basic raw material to the final product in procession of aconsumer. The paper discussed challenges like interoperability betweenestablished enterprise platforms like ERP systems and blockchains. Blockchainas an enterprise chain infrastructure (not standalone Blockchain systems), andsecurity and compliance for enterprises to interact and share solutions andtransactions. So how do we overcome such challenges? As one says 'Necessity isthe mother of all inventions' and Oracle Blockchain Services is one suchinvention which can really bring in a new era where Blockchain is no longer aseparate, standalone system rather very much a part of the existing ERParchitecture with similar technology and strengthening the enterprise-gradedistributed ledger platform with this offering being on the cloud. Hyperledgerfabric enabled Oracle Blockchain service on the cloud can help customers buildnew blockchain-based applicationsand help existing Oracle customers toextended their Oracle SaaS, PaaS, IaaS and EBS investments. Due to all Oraclearchitecture the tech Continue reading >>

Oracle Brings Blockchain-as-a-service To Its Cloud

Oracle Brings Blockchain-as-a-service To Its Cloud

Oracle Brings Blockchain-as-a-Service to Its Cloud Follows Microsoft and IBM in chase after enterprise clients who want to build next-gen blockchain-enabled applications Less than two monthsafter joiningthe Linux Foundation's Hyperledger project, Oracle has rolled out blockchain-as-a-service on its cloud, making the announcement on thefirst day of itsOpenWorld conference in San Francisco Monday. The company first announced the plan to launch the service when it joined Hyperledger in August. The goal, it said at the time, was to"offer a highly advanced and differentiated enterprise-grade distributed ledger cloud platform for customers who are looking to build new blockchain-based applications and/or extend their current SaaS, PaaS, IaaS and on-premises applications." Related: The Blockchain Revolution: Where's the Disruption? Blockchain, originally developed to run Bitcoin, is being touted as the next disruptive technology. Repurposed for the enterprise, it's expected to change the way business is done across the board by supplying a reportedlytamper-proof shared distributed ledger that stores many copies of complete transaction histories across many computers on a network. It's not surprising that Oracle wants to get on the blockchain bandwagon. At this stage of the game, blockchain's main appeal is to the financial sector, which represents a huge part of the company's installed base. And Oracle is sure to be betting that blockchain as a SaaS offering will help entice that base to utilize it's cloud. Related: Why Blockchain May Be Key to IBM's Future "Blockchain holds the promise to fundamentally transform how business is done, making business-to-business interactions more secure, transparent, and efficient, Amit Zavery, senior VP of Oracle Cloud Platform, said in a st Continue reading >>

Exclusive: Oracle Blockchain Takes On Ibm, Microsoft | Fortune

Exclusive: Oracle Blockchain Takes On Ibm, Microsoft | Fortune

Related: Why Big Business Is Rushing to Embrace Blockchain Many mainstream tech companies are chasing this business. IBM (ibm) has been touting blockchain services that run on its cloud for more than a year. And Microsoft (msft) , as is its usual practice, is releasing software tools and frameworks to make development of blockchain applications easier on its Microsoft Azure public cloud. Related: Larry Ellison Says Next Oracle Database Will Beat Amazon Starting at its annual Oracle OpenWorld tech conference on Monday, Oracle (orcl) will tout Oracle blockchain cloud services as a way for large Oracle customers to link their existing inventory and supply chain softwarewhether it runs on their own servers or in Oracles cloud data centersto a secure, distributed transaction system. Related : IBM-Backed Hyberledger Releases Blockchain Fabric Many Fortune 500 banks, manufacturing companies, and healthcare providers have used Oracles flagship database and financial applications to run their businesses for decades. While Amazon, Microsoft, and other companies that got into the cloud computing market before Oracle have been trying to pick off those customers. But as most tech professionals know, once a database is installed, its hard to leave it. Get Data Sheet , Fortunes daily tech newsletter. Oracle telegraphed this move in August, when i t signed onto the open-source Hyperledger consortium, which also includes Accenture (acn) , IBM, SAP (sap) , Microsoft, and other industry heavyweights. This group aims to promote the use of blockchain in mainstream business applications. Oracles blockchain cloud service will be generally available for customers to use by the end of the year. This article is part of Fortunes new initiative, The Ledger, a trusted news source at the intersecti Continue reading >>

8 Game Changers Providing Blockchain-as-a-service (baas) Platforms

8 Game Changers Providing Blockchain-as-a-service (baas) Platforms

8 Game Changers Providing Blockchain-as-a-Service (BaaS) Platforms With an increasing number of enterprises expressing interest in distributed ledger technology, tech companies are rushing to meet the demand. To democratize blockchain technology, Microsoft, IBM, Deloitte, and now Baidu and Tencent, have developed their own platforms offering blockchain-as-a-Service (BaaS). Lets look at three examples of BaaS solutions taking enterprise-grade experimentation with blockchain to a whole new level. According to Coindesk , on January 12, Chinese web search giant Baidu has launched its own Blockchain-as-a-Service (BaaS) platform . Based on technology developed by Baidu, the open platform sets out to provide the most user-friendly blockchain service. Baidu Trust allows the conducting and tracing of transactions; it can be applied in various use cases, including digital currency, digital billing, bank credit management, insurance management financial auditing, and more. The company says the technology has already been applied in asset securitization & exchange, and claims it has contributed to the first asset-backed securities exchange products using blockchain technology in China. At the end of 2017, Oracle launched its Oracle Blockchain Cloud Service , an offering that is part of Oracles comprehensive Platform-as-a-Service (PaaS) portfolio. The enterprise-grade distributed ledger cloud platform helps customers increase business velocity, create new revenue streams, and reduce cost and risk by securely extending ERP, supply chain, and other enterprise SaaS and on-premises applications to drive tamper-resistant transactions on a trusted business network. Oracle Blockchain Cloud Service enables customers to: Deliver business results with the ability to rapidly onboard and easil Continue reading >>

Oracle Blockchain Cloud Service Now Available To Netsuite Customers And Partners

Oracle Blockchain Cloud Service Now Available To Netsuite Customers And Partners

Oracle Blockchain Cloud Service now available to NetSuite customers and partners Access to Oracle Blockchain Cloud Service Through SuiteCloud Platform Delivers Innovation of Blockchain Technology to NetSuite Ecosystem ORACLE OPENWORLDSUITECONNECTSAN FRANCISCO, Calif.October 2, 2017Oracle NetSuite, one of the worlds leading providers of cloud-based financials / ERP , HR , Professional Services Automation ( PSA ) and omnichannel commerce software suites, today announced the availability of the Oracle Blockchain Cloud Service for its customers and partners, enabled by API exposure through NetSuites SuiteCloud Platform and supported through the SuiteCloud Developer Network (SDN). With this new announcement, NetSuites more than 40,000 global organizations, divisions and subsidiaries, and its partners benefit from the innovation in distributed ledger applications being developed on Oracle Blockchain Cloud Service by Oracles partner ecosystem. Oracle Blockchain Cloud Service is designed to increase business velocity, lower costs, and reduce risk by enabling businesses to securely extend and automate their supply chain processes, reliably conduct online transactions in trusted networks, and confidentially share data in real time with their suppliers, banks, and other trade counterparties, while providing secure audit trails of tamper-resistant business records. Oracle is working with supply chain and financial services industry customers and partners to develop next generation services to be deployed on Oracle Blockchain Cloud Service to provide faster payments, and create more efficient invoice factoring, provenance tracking, lending, onboarding, treasury & liquidity services, improved cash management services, transaction banking services and more. NetSuite customers and par Continue reading >>

Reinvent Your Erp Processes With Blockchain

Reinvent Your Erp Processes With Blockchain

Reinvent your ERP processes with blockchain January 31, 2018 | Written by: Sarosh Khan IBM Blockchain is helping clients across industries cut costs, increase efficiency and reduce risk These days, theres a lot of interest surrounding blockchain, but mostly in the context of cryptocurrency. However, the power of the blockchain can extend far beyond its roots in the financial world. It can also enable a new approach to enterprise resource management across industries. IBM is working with our clients to develop new business applications for blockchain. Along with our extensive blockchain research and our support for open source initiatives like Hyperledger , this work has helped make us the top-ranked blockchain technology leader, according to Juniper Research . In the past, truth in the business world was subjective: each organization had their own version of the truth, based on their own specific set of records. This contributed to miscommunication and a lack of trust between business partners, and generally made it harder for business transactions to take place. By contrast, IBM Blockchain solutions help create an objective truth that can be shared among all organizations in a business network. This can create important benefits, particularly when used to support Oracle ERP Cloud applications. IBM Blockchain solutions are built with four core principles in mind: Shared ledger: This append-only system of record is available to all members of a business network. Smart contracts: Business terms are built into transactions automatically. Privacy: Transactions are only visible to those with valid reasons to access them. Proof: Transactions are endorsed by all involved participants. IBMs Oracle Enterprise applications team is working to integrate our blockchain solutions wi Continue reading >>

Blockchain Erp Integrationauthor :sourav Kundu(souravkundu2010@outlook.com)

Blockchain Erp Integrationauthor :sourav Kundu([email protected])

BLOCKCHAIN ERP INTEGRATIONAuthor :Sourav Kundu([email protected]) As we all know Blockchain will be new business collaboration tool thats why all ERP vendors are working to integrate the distributed ledger technology as a trackable, immutable record for everything from shipping manifests and supply chains to equipment maintenance and dispute-resolution systems. The value achieved through integrating blockchain with ERP systems comes not by creating and porting new information into the distributed ledger, but by drawing existing data from enterprise systems and being able to tightly control with whom it is shared. Blockchain doesn't simply solve the data access or sharing issue; it also solves a confidence problem. Blockchain is an electronic ledger that can be openly shared among public or private users and that creates an unchangeable record of transactions, each one time-stamped and linked to the previous one. Each digital record or transaction in the thread is called a block (hence the name), and it allows either an open or controlled set of users to participate in the electronic ledger. Each block is linked to a specific participant. Blockchain can only be updated by consensus between participants in the system, and when new data is entered, it can never be erased. The blockchain contains a true and verifiable record of each and every transaction ever made in that system. The leading platforms for blockchain development today are Hyperledger, an open-source industry consortium formed by the Linux Foundation There are several general uses for blockchain platforms. Public blockchains allow anyone to see or send transactions as long as they're part of the consensus process. private blockchains have only a pre-selected number of nodes authorized to use the di Continue reading >>

Spotlight On Oracle: Virtual Customer Assistants, Blockchain And Erp

Spotlight On Oracle: Virtual Customer Assistants, Blockchain And Erp

Spotlight on Oracle: Virtual Customer Assistants, Blockchain and ERP by Andrew White | December 11, 2017 | Comments Off on Spotlight on Oracle: Virtual Customer Assistants, Blockchain and ERP Spotlight on Oracle Highlights new research that covers or relates to Oracle. For an overall view of Oracle, check out the new Oracle Vendor Rating . Lynn Robison and Sanjeev Mohan just published Evaluating Blockchain for Enterprise Data and Decentralized Applications . Blockchain is potentially groundbreaking with its ability to record decentralized transactions across business boundaries. But technical professionals need to know if blockchain is ready for the enterprise and in what situations blockchain might be a suitable approach. Denise Ganly and Paul Saunders just published Should You Change ERP Vendors? As postmodern ERP adoption continues, more organizations are questioning their commitment to monolithic vendors. CIOs should objectively assess the root causes leading their organizations to consider switching vendors and only switch if it drives positive business outcomes. Brian Manusama and Guneet Bharaj just published the Market Guide for Virtual Customer Assistants . Using conversational artificial intelligence applications and platforms to optimize customer engagement is one of the biggest trends in customer experience. Application leaders supporting CRM and CX should use this guide to understand this evolving market and to make informed decisions. Continue reading >>

Oracle To Offer Blockchain Platform For Smart Contracts, Supply Chains - Business Insider

Oracle To Offer Blockchain Platform For Smart Contracts, Supply Chains - Business Insider

Oracle executive chairman and CTO Larry EllisonOracle Blockchain technology isno longerjust for startups. Now even the big businesses are getting on board. In the latest example, Oracle announced Monday it will release a new platform next year that's designed to help businesses useblockchaintechnology for supply chain management and smart contracts. "Blockchain holds the promise to fundamentally transform how business is done, making business-to-business interactions more secure, transparent, and efficient," said Amit Zavery, senior vice president of Oracle Cloud Platform, in a press release. Oracle's platform, which is currently in beta testing, is designed to provide "pre-assembled" tools for enterprises to use for anything that requires contracts, transactions,or tracking. The platform is builton top of Hyperledger Fabric, an open-source blockchain endorsed by otherenterprisecompetitorsincludingIBM, Cisco, SAP, and Intel. Oracle joined the Hyperledger Project, which is partof the Linux Foundation, as a supporting member in August. Just like the technology behind bitcoin, Hyperledge Fabric is a digital ledger. It's designed to be extremely difficult to tamper with, thus reducing the likelihood of fraud. While many blockchains are public which means the data onthem can be seen by anyone with the technological know-how Hyperledger is private. That's so businessescan use it without revealing proprietary information. Blockchains are often thought of in the context of bitcoin or other cyber currencies. But increasingly, companies outside of finance are usingblockchain technology toreplace long-held authentication practicesin law, real estate, and shipping. IBM, for example, is working with food distributors like Walmart to integrate blockchain technology into their supply Continue reading >>

Oracle Launches Enterprise-grade Blockchain Cloud Service

Oracle Launches Enterprise-grade Blockchain Cloud Service

Oracle Launches Enterprise-Grade Blockchain Cloud Service Enables Organizations to Securely Extend Business Applications and Processes, Accelerate Transactions Across Partner Ecosystems Oracle OpenWorld, San Francisco, Calif.Oct 2, 2017 Enabling customers to leverage one of todays most disruptive emerging technologies, Oracle today announced Oracle Blockchain Cloud Service . The advanced, enterprise-grade distributed ledger cloud platform helps customers increase business velocity, create new revenue streams, and reduce cost and risk by securely extending ERP, supply chain, and other enterprise SaaS and on-premises applications to drive tamper-resistant transactions on a trusted business network. Part of Oracle Cloud Platform , Oracle Blockchain Cloud Service delivers an enterprise-grade blockchain platform with industry leading resiliency, scalability and security. It is fully managed by Oracle and provides customers rapid provisioning and simplified operations with built-in monitoring, continuous backup, and point-in-time recovery. Blockchain holds the promise to fundamentally transform how business is done, making business-to-business interactions more secure, transparent, and efficient, said Amit Zavery, senior vice president, Oracle Cloud Platform. Oracle Blockchain Cloud Service provides enterprise-grade blockchain capabilities and is able to accelerate innovation for on-premises ERP and cloud-based SaaS and PaaS customers. Enterprises can now streamline operations across their ecosystem and expand their market reach with new revenue streams, sharing data and transacting within and outside the Oracle Cloud. As part of its commitment in helping enterprise customers realize the benefits of blockchain, Oracle recently joined Hyperledger. Hosted by The Linux Foundati Continue reading >>

Analysis: Oracles Blockchain Move Is Critical

Analysis: Oracles Blockchain Move Is Critical

Analysis: Oracles Blockchain Move Is Critical October 19, 2017, 02:44:01 PM EDT By Pete Harris, Distributed The recent news regarding Oracle and blockchain technology is really important. In some ways, Oracle's embrace of the blockchain is more significant than IBM's big bet on the technology and Microsoft's support for it. While Oracle's blockchain ambitions were socialized over the summer via blog posts and low-key presentations, the official launch of the Oracle Blockchain Cloud Service took place at the company's annual Oracle OpenWorld conference on October 2. "Oracle Blockchain Cloud Service provides enterprise-grade blockchain capabilities and is able to accelerate innovation for on-premises [enterprise resource planning (ERP)] and cloud-based [Software as a Service (SaaS) and Platform as a Service (PaaS)] customers," noted Amit Zavery, senior vice president of Oracle Cloud Platform. Oracle's blockchain offering is based on the open-source Hyperledger Fabric, running on Oracle's cloud offering, via which Oracle has begun to deliver applications for ERP, customer relationship management (CRM), human capital planning and supply chain management. Launched in 2011, Oracle's cloud also offers a platform on which third parties can develop their own applications, drawing on an array of databases, service-oriented architecture (SOA), integration middleware and a number of enterprise Java services (Oracle has acted as a key steward of the open-source language following its 2010 acquisition of Sun Microsystems, which created Java). So, why is Oracle's blockchain offering so important? After all, on the face of it, Oracle's service is "me too" in that it looks similar to services already offered by IBM and also recently introduced by SAP, a key competitor in the business a Continue reading >>

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