Why BlockChain

You may want to get an answer for few of the below questions before concluding on the need of BlockChain

• Are there multiple people / party who need to view / interact with the data ?
• Is there a challenge in trusting various parties who view / interact with the data ?
• Is there a 3rd party in the business ?
• Do you want to remove the existing trusted 3rd party relationship, as there may be heavy cost involved?
• Is the business requires to for multiple parties to change / update the shared data ?
• Should all the parties be able to agree on the rules of who/how/when data can be updated?

If the answer is “YES”, then you may want to think of BlockChain and may be preferably Oracle BlockChain 😊😊

Autonomous BlockChain instance creation

Now that you have madeup your mind to create a Autonomous BlockChain instance, this article will help you to create one. Just login to your cloud account and follow the steps mentioned in the attachment

Pre-requisite : you need to have a cloud account created ( may be a trial account, if required)

Dashboard : after logging into the cloud account. Click on “create Instance”.

Click on “Autonomous Blockchain” to create an instance

Provide the instance Name or leave the default name

Select the number of peers to be configured

Confirm for creating the new instance. Please wait for some time to complete and check the email upon completion

Navigating to the console

Here you go and play with few pre-built samples in the blockchain console

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