New initiative aims to create the blockchain for the supply chain
OriginTrail and Oracle have announced a technology partnership that will result in an integration between the Oracle Blockchain Cloud Service and the OriginTrail network.
OriginTrail’s blockchain initiative aims to become the global language of supply chains, enabling companies to speak the same language with integrity.
The Oracle Blockchain Platform securely extends business processes and applications while enabling the faster processing of business transactions.
This partnership enables companies that are already using Oracle products and services to easily use OriginTrail’s solutions. It also allows for the easier integration of Oracle systems with various blockchains.
Tomaž Levak, co-founder of OriginTrail, said: “There is a lot of value that can be captured from data sharing across supply chains.
“A partnership with OriginTrail will enable companies that are already using Oracle products and services to easily use OriginTrail’s solutions, and the easier integration of Oracle’s systems with various blockchains.
“We are immensely thrilled to work with a world leader to together tackle challenges resulting from an industry paradigm shift from traditional databases to distributed ledger technologies.”