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As a growing number of technology companies begin to divert resources to the emerging blockchain industry, Oracle, the multinational technology company that offers database and cloud services, has promoted its blockchain partnership with the platform focused on the OriginTrail supply chain.
We are proud to announce a very special partnership. We are working with @Oracle on an integration between Oracle Blockchain Cloud Service and the OriginTrail.https: //t.co/OInwxba9an network
– OriginTrail (@origin_trail) 3 December 2018
Oracle, which made its blockchain raid last year, will integrate its Oracle Blockchain Cloud Service with the OriginTrail platform. The partnership will involve Oracle's offices throughout South-Eastern Europe.
The main agenda of the partnership is to provide secure and reliable data sharing using Distributed Ledger Technologies. The original platform of OriginTrail for supply chains can help to facilitate this, since more entities would share sensitive data with one another.
Integration efforts have been designed in such a way that companies that already use the Oracle product will be able to seamlessly integrate software with their blockchain solutions.
This allows companies that use legacy systems to introduce innovative blockchain solutions for their services and products. The OriginTrail protocol, meanwhile, will make inter-organizational communication between these business blockchains easier.
Rajko Novak, Oracle National Director of Slovenia, He said:
Oracle offers businesses an easy way to adopt blockchain and transform businesses with the complete, enterprise-class blockchain platform. Integration with the OriginTrail network allows for easier data sharing among companies along supply chains, all based on distributed accounting technologies. The partnership with OriginTrail brings Oracle's enterprise technology closer to specific supply chain goals. This allows you to extract more value from the data exchanged in the multi-organizational environment.
Integration will be especially useful for companies looking to leverage the efficiency and transparency of Oracle's blockchain services to create their own platforms, as well as third-party services and supply chain focused solutions.
OriginTrail is laying the groundwork for a unified supply chain network
OriginTrail is building a blockchain protocol capable of unifying all the individual supply chain platforms in the world (or "becoming the global language of supply chains", as they say), which would allow a smoother and unobstructed interaction between entities and nations that could choose to work with a specific blockchain platform.
Speaking of the partnership with Oracle, the co-founder and CEO of OriginTrail Tomaž Levak He said:
There is a lot of value that can be captured by sharing data through supply chains. A partnership with OriginTrail will allow companies that already use Oracle products and services to easily use OriginTrail solutions and easier to integrate Oracle systems with various blockchains. We are immensely excited to work with a world leader to tackle the challenges of changing industry paradigms from traditional databases to generalized accounting technologies.
The event was marked by a visit to the famous YouTube blockchain educator IvanonTech, who interacted with the OriginTrail team and with the Oracle members of the former Ljubljana office. A video of the visit is expected soon.
OriginTrail has managed to involve more than 50 partners TRACE Alliance, a non-profit association that brings together businesses, academics and the public sector to develop practical solutions for the supply chain. Members already include Deloitte, Oregon Tilth and NorthBlock Group.
The OriginTrail team achieved some milestones in 2018. The team successfully implemented a pilot project with the Chinese food market Yimishiji and collaborated with EVRYTHNG, an IoT platform that collects data on intelligent products and packaging in real time.
In addition to involving several members in the TRACE alliance and working with several companies, the team is also set to start their mainnet, Vostok, December 7th.
Named after the first manned spaceship of Russian cosmonaut Yuri Gagarin, the launch of Vostok will test the technical developments of OriginTrail in the real world. It will also test the different mechanisms of the network. However, this phase will only involve the owners of the nodes. Interested parties can send their question here.
After the launch of mainnet, the team expects to move to the "freedom" phase in the first quarter of 2019, a phase that will see the network open up to all participants.
This intense effort is necessary to achieve the vision of OriginTrail to create a language for the entire supply chain and consequently turning the trade and the transport industry.
Now working with Oracle, OriginTrail is looking to become the bridge for several companies and IT systems:
In this way, the OriginTrail protocol aims to become a reliable and interoperable bridge not only for the different IT systems among the supply chain actors, but also for the different technological systems and networks in general, trying to exploit the power of Ethereum and Hyperledger. Fabric.
Find out more about OriginTrail on them website. You can also join their community reddit is Telegram.
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