Oracle Deepens into Blockchain Industry with New DLT Cloud Services

The San Francisco’s company has unveiled four new offerings that use distributed ledger technology solutions for the supply chain industry.

articleStartImage

US-based multinational software company Oracle has expanded its cloud services with several new blockchain products in a bid to make that part of its business more attractive in a market where traditional technologies dominate. The unveiled offerings target the supply chain industry by creating distributed ledger technology-based solutions to existing problems such as concerns about transparency and traceability, Oracle said in a statement on Tuesday.

The new blockchain services work as Software-as-a-Service (Saas) and consist of four use-case-specific cloud applications. One of the products offers the blockchain-enabled end-to-end monitoring of goods and services while the second tracks the origin, authenticity, and transformation of products, and a third examines the goods’ temperatures. The fourth service automatically generates smart contracts to bring transparency in regard to warranty and insurance claims.

“Modern supply chains generate millions of data points and thousands of daily transactions that need to be validated and confirmed. This limits the pace of business and exposes organizations to risk,” US firm explained in its press release.

“Oracle Blockchain Applications enable customers to track products through the supply chain on a distributed ledger to increase trust in business transactions, get better visibility across a multi-tier supply chain, accelerate product delivery and contract execution, and improve customer satisfaction.”

Last year, Oracle revealed its first DLT cloud products, which were more general oni nature. The new services change that model and come several months after Oracle published its financial results for the fourth quarter of the US fiscal year, ending in June. The cloud division results were disappointing compared to the overall positive trend of the firm.

“In Q4, Total Revenues were up 3% to $11.3 billion compared to Q4 last year. Q4 Cloud Services and License Support revenues were up 8% to $6.8 billion. Q4 Cloud License and On-Premise License revenues were down 5% to $2.5 billion,” Oracle explained in its latest financial statement.

Oracle Deepens into Blockchain Industry with New DLT Cloud Services 1
About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 42,191.00
ethereum
Ethereum (ETH) $ 2,869.18
cardano
Cardano (ADA) $ 2.25
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 340.50
xrp
XRP (XRP) $ 0.922747
solana
Solana (SOL) $ 130.97
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 28.70
dogecoin
Dogecoin (DOGE) $ 0.205132
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 42,191.00
ethereumEthereum (ETH)
$ 2,869.18
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 506.15
litecoinLitecoin (LTC)
$ 148.03
bitcoinBitcoin (BTC)
35.945,47
ethereumEthereum (ETH)
2.444,46
tetherTether (USDT)
0,851970
bitcoin-cashBitcoin Cash (BCH)
431,22
litecoinLitecoin (LTC)
126,12
bitcoinBitcoin (BTC)
30,786.14
ethereumEthereum (ETH)
2,093.60
tetherTether (USDT)
0.729685
bitcoin-cashBitcoin Cash (BCH)
369.33
litecoinLitecoin (LTC)
108.02

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021

Blockchain/Cryptocurrency Questions and Answers

Beginner’s Guide to Investing in Cryptocurrency
August 9, 2021
Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin42,135 0.61 % 0.89 % 12.70 %
Ethereum2,867.0 0.20 % 1.67 % 16.36 %
Cardano2.250 0.56 % 1.97 % 5.37 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Binance Coin340.29 0.99 % 4.17 % 17.30 %
XRP0.9224 0.46 % 2.20 % 14.26 %
Solana130.65 0.30 % 5.99 % 23.20 %
USD Coin1.000 0.07 % 0.20 % 0.30 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Dogecoin0.2051 0.62 % 2.75 % 15.19 %

bitcoin
Bitcoin (BTC) $ 42,191.00
ethereum
Ethereum (ETH) $ 2,869.18
cardano
Cardano (ADA) $ 2.25
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 340.50
xrp
XRP (XRP) $ 0.922747
solana
Solana (SOL) $ 130.97
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 28.70
dogecoin
Dogecoin (DOGE) $ 0.205132