Today and Oracle OpenWorld in San Francisco, Oracle released a slew of new applications and new suites including new Blockchain Applications Cloud. This suite of SaaS applications is tailored around enhanced traceability and transparency throughout the supply chain. Built using Oracle Blockchain Cloud Service, the Oracle Blockchain Applications seamlessly connect with Oracle Supply Chain Management (SCM) Cloud, Oracle Enterprise Resource Management (ERP) Cloud and other Oracle Cloud Applications.
Today and Oracle OpenWorld in San Francisco, Oracle released a slew of new applications and new suites including new Blockchain Applications Cloud. This suite of SaaS applications is tailored around enhanced traceability and transparency throughout the supply chain. Built using Oracle Blockchain Cloud Service, the Oracle Blockchain Applications seamlessly connect with Oracle Supply Chain Management (SCM) Cloud, Oracle Enterprise Resource Management (ERP) Cloud and other Oracle Cloud Applications.
Risk is everywhere. Along supply chains there are millions of data points that can potentially be exploited. Blockchain is a technology that can potentially help secure these points as well as increase visibility throughout the supply chain. Oracle’s Blockchain applications, built on Oracle Blockchain Cloud Service, not only seek to address the above, they also intend to ease adoption and provide immediate business benefits to customers.
Oracle Blockchain Applications include:
- Intelligent Track and Trace – Enables end-to-end traceability of goods and transactions in supply chains to reduce delays and automate record keeping. The application creates a digital trail of each step in the business network, during procurement, manufacturing, and transportation. It provides better visibility for easier root-cause analysis and faster dispute resolution. The application performs root-cause analysis to help customers execute targeted product recalls, resolve disputes, reduce counterfeits, improve regulatory compliance, and protect against fraud.
- Lot Lineage and Provenance – Enables product genealogy, serialization, and provenance by managing the lifecycle of hierarchical serial numbers, recording origin and authenticity of product components, and tracking all transformations of the product. It helps in regulatory compliance, targeted recalls, and preventing counterfeit components.
- Intelligent Cold Chain – Helps monitor and track the temperature-controlled supply chain, creating recommendations to optimize processes and ensure the quality and safety of refrigerated products in pharmaceutical and food and beverage industries.
- Warranty and Usage Tracking – Removes paper-based processes and automates usage tracking for high-value assets. An auditable and verifiable log for warranty, liability claims, and insurance helps expedite settlements and claim processing and prevents abuse of assets.
These new Oracle Blockchain Applications also leverage new technologies such as embedded AI and IoT. These technologies help customers to leverage real-time data to improve accuracy of the data coming back into the business leading to better decisions moving forward. The company goes on to state that it develops emerging technologies in unison to provide intelligent recommendations and better user experience across the SaaS applications for supply chain, finance, human resources and customer experience.
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