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  • February 12, 2019

What Everybody Ought to Know About Today's Oracle Blockchain Platform Release

Jay Chugh
Senior Director, Products
This is a syndicated post, view the original post here

Oracle Blockchain Platform announced the availability of its latest release today, the 19.1.3. It is an incredibly proud moment for the entire team. A key piece of today's announcement is the evidence that Oracle's enterprise-grade blockchain platform is already winning the hearts and minds of our enterprise customers in a short time since the launch back in July 2018. This speaks to the value the platform has created for our valued customers. 

Here is what everyone ought to know about the latest release and the benefits:

 

Customers Go Live: Production Use of Oracle Blockchain Platform

The announcement showcases several of our enterprise customers that are now deployed in production on the Oracle blockchain platform - Circulor, SERES, and CDEL. Additionally, Arab Jordan Investment Bank, CargoSmart, Certified Origins, HealthSync, ICS Financial Systems, NeuroSoft, Nigeria Customs, OriginTrail, and TradeFin have built or integrated their production-ready blockchain applications on Oracle Blockchain Platform.

"Oracle's blockchain solution delivers enterprise performance, security and scalability right out-of-the-box," said Doug Johnson-Poensgen, CEO and founder of Circulor. "We started with the Oracle Blockchain Platform four months ago and were able to go from zero to a production system spanning multiple organizations in a matter of months. Another key advantage is that we were able to integrate Oracle's blockchain platform into a hybrid blockchain network spanning multiple clouds and easily integrate with our existing systems and applications." 

 

New Features in Oracle Blockchain Platform 19.1.3

Key themes for this release are productivity and privacy enhancements for IT/DevOps and smart contract application developers. Oracle has added developer-oriented productivity enhancements, enhanced privacy, confidentiality, and identity management features that are critical to diverse organizations conducting business transactions. New DevOps capabilities make the platform easier to integrate with existing business and IT systems. Additionally, as blockchain becomes an important data store in the enterprise, the platform enables Oracle Autonomous Data Warehouse customers to transparently capture blockchain transaction history and current state data for analytics and to integrate it with other data sources. New features include:

Enhanced world state database to support standard SQL-based ledger queries reducing the complexity of developing chaincode using readily available programming skills, ensure smart contracts can safely rely on the query results, which are verified at transaction commit, and significantly boost the performance of rich data queries.

Rich history database shadows transaction history into a relational database schema in the Autonomous Data Warehouse or other Oracle databases, which transparently enables analytics integration for interactive dashboards and reports. Here is an example of the use of rich history stored on Oracle's Autonomous Datawarehouse and visualized using Oracle Analytics Cloud.  

Enhanced REST APIs for event subscription, blockchain administration/configuration, and monitoring of network health, transaction rates, and other statistics, which simplify integration with existing enterprise IT tools.

Identity federation further extends authentication capabilities to work with external identity providers to facilitate consortium blockchains with many diverse participants using their existing identity management systems.

Third-party certificate support for registering client organizations on the blockchain network to enable them to use existing certificates issued by trusted third parties.

Hyperledger Fabric 1.3 support, which adds many new features based on the evolving open source version, including chaincode development in Java, further leveraging existing enterprise skills, and support for private transactions among a subset of members, preserving privacy and business confidentiality. This demonstrates Oracle’s commitment to stay current with the Hyperledger community by leveraging new releases and contributing to the open source community. 

 

Summary: Oracle Expands Its Enterprise Blockchain Platform

This new 19.1.3 release of the Oracle Blockchain Platform highlights Oracle's continued strength and customer momentum in enterprise blockchain space. Enterprises around the world have come to trust Oracle Blockchain platform for their demanding production deployments. Oracle continues to invest and develop its Blockchain Platform to provide fully-managed and production-ready enterprise blockchain cloud platform that is based on open source Hyperledger Fabric project.

To learn more about Oracle blockchain technology, please visit the Oracle Blockchain website, or if you have any questions drop us a note here. To sign-up for the service visit here and search for Blockchain and add to cart.

Key contributions to this blog post from Todd Little, Deepak Goel, Mark Rakhmilevich, Mary Hall, Carlo Innocenti, and the PR team

 

 

 

 

 

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