Oracle Blockchain Cloud Service | What is BlockChain

By Jag - June 07, 2018

Oracle Blockchain Cloud Platform ( PaaS ) Service



Securely, Reliably Extend Business Processes and Accelerate B2B Transactions


A comprehensive distributed ledger cloud platform to provision blockchain networks, be part of alternative organizations and deploy & run smart contracts to update and query the ledger. dependably share data and conduct sure transactions with suppliers, banks, and alternative trade partners through integration with existing or new cloud-based or in light of premises applications



Oracle Blockchain Cloud Service | What is BlockChain
Oracle Blockchain Cloud Service | What is BlockChain



Overview: 

What Is Blockchain

Delivered by the world's most ascendible, distributed transaction process platform supplier, Oracle Blockchain Cloud Service is that the most comprehensive distributed ledger cloud platform.



"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





Accelerate Growth

Increase business velocity with a trusted network for B2B transactions & real-time data sharing


Drive Innovation

Enable new business models and revenue streams by leveraging blockchain verified identity and offerings to reach new markets


Enterprise Grade

Continuous operations with highly secure, resilient, scalable platform utilizing data-at-rest encryption and continuous ledger backups for point-in-time recovery


Speed to Market

Increase developer efficiency with REST API-driven platform and Oracle integration accelerators


Managed PaaS

Rapid, global provisioning, simplified administration and operation of blockchain networks


Extend Enterprise Boundary

Integrate partner transactions in Oracle SaaS, PaaS, and custom apps in cloud & on premises to speed up business processes

Features:


Build Trusted Networks



1.Simple Provisioning


Provision a BCS instance and get all required infrastructure services and embedded resources: compute, containers, storage, identity management, and event streaming.


2.Complete Blockchain Platform

Receive a complete, production-ready blockchain platform including membership service, peer nodes, ordering service, REST proxy and Admin console.


3.Add Partner Organizations

Add partners in different geographies easily. Provision a new service instance in Oracle Public or Private Cloud and complete certificate export/import process.


4.Hybrid Networks

Join partners running Hyperledger Fabric outside of Oracle Cloud by importing the organization's certificate into the Founding Organization's BCS instance.


Automate with Smart Contracts


1.Business logic for blockchain

Create Smart Contracts or Chaincodes to check conditions like matching POs, invoices, and shipping information prior to triggering payment and updating the ledger.


2.Event Notifications

Publish custom events from smart contracts that trigger notifications for client SDKs and enable actions based on event payload.


3.Quickly build and deploy Chaincode

In the Chaincode define data schema, initialize data values, and create methods to contain the business logic invoked by external transactions to update or query data.


4.Endorsement Policies

Define an endorsement policy at deployment specifying how many peers must endorse it and specific organizations' whose endorsements are required


Integrate Blockchain Transactions in Applications


1.REST API-driven development

Simplify integrations by invoking transactions running chaincode methods though REST proxies. Use REST APIs to run transactions and queries synchronously and receive an immediate response.


2.SDK-based Development

Enroll members, add peers, create channels, deploy smart contracts, register for events, and run transactions or query ledger data using Java and Node.js.


3.Extend SaaS Apps

Extend SaaS applications to use Oracle Blockchain Cloud through PaaS-for-SaaS using REST API or the SDKs, or Oracle Integration Cloud using REST APIs.


4.Build New Apps

Build new applications running transactions on the blockchain in Oracle Java, Application Container, Mobile, Application Builder, Integration or SOA Cloud Services.


5.Leverage OOTB support for Blockchain API

Leverage Blockchain through the REST APIs in Oracle Digital Innovation Platform for open banking and Netsuite SuiteCloud Platform.


Conduct Private Transactions


1.Confidentiality domains

“Subnet” blockchain members on separate channels thereby isolating ledgers and smart contract execution from peers without access to that channel.


2.Easily Control Member Access Privileges

Add read-only peers to a channel that can run queries but not update the ledger.
Running chaincode across multiple channels
Initialize the chaincode on specific channels to deploy, compile and bind it to an execution container. Run same chaincode in multiple channels on their specific ledgers.


3.Dynamically Create Channels

Create channels programmatically through client SDK calls enabling applications to create new channels on demand and request peers to join.


Comprehensive Administration and Monitoring


1.Intuitive Admin Console

View network status from the dashboard or navigate to Nodes, Channels, and Chaincodes tabs to view blockchain components and manage the network.


2.Dynamically Change the Configuration

Manage the blockchain network, peers, orderers, and membership service dynamically.Configure network channels and set policies. Deploy smart contracts.


3.Easy Monitoring & Troubleshooting


Monitor peer ordered, and other network components status and view network topology. View channel and ledger metrics. and node logs for troubleshooting. 
  • Share:

You Might Also Like

1 comments

  1. Nice blog Content. It is very informative and helpful. Please share more content. Thanks.Oracle R12 Financials Training in Hyderabad

    ReplyDelete