Wednesday 19 September 2018

Why Blockchain and why Oracle Blockchain


With the buzz and mandate that we hear about “rotate to New” and specifically on blockchain, just thought of sharing my thoughts on Why blockchain and even further Why Oracle Blockchain !!!

As we see, the technology is growing and helping to finetune or close the loose ends and revamp the business process, Blockchain is one step further in this direction.

What is the problem now ?

Yes, only when we have a problem, we look for a solution. In the business that you are dealing with,
  • Is there a need to have a view of business information for all the stakeholders (internal or external) ?
  • Is there a middleman/thirdparty between the parties, which is causing delay in the process and costs more to pay the middleman?
  • Is there an element of doubt on the business process or with stakeholders or some one is tampering the data ?
  • Are there lots of paper work involved and need to maintain them?
and so on… there may be many…
However, if these are few challenges that you have, Blockchain technology can help you to address them !!!!

Why Oracle Blockchain ?

OK… Yes… I am kind of convinces at a very high level that I need blockchain to address my painpoints, next question: Why do I need Oracle Blockchain 😊

While there are opensource Blockchain software available, Oracle blockchain
  • is already assembled and ready to use.
  • Developed on top of Hyperledger Fabric
  • Exposed with REST API to invoke from any on-premise application
  • can be readily integrated with any application by using OIC – Oracle Integration Cloud
  • Secure
  • Intuitive to model and visualize the organization / network
  • Provides the option to write the customization code
and more.....

Please give it a thought / share with your clients about this and see what they say 

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