Oracle has released a suite of blockchain-based software-as-a-service (SaaS) applications based on its Oracle Blockchain Cloud Service. The product will improve traceability and transparency throughout supply chains.
According to Coin Telegraph, the product will include four apps: Intelligent Track and Trace, Lot Lineage and Provenance, Intelligent Cold Chain and Warrant and Usage Tracking.
The ledger will allow Oracle customers to track products through supply chains, increase transparency, accelerate product delivery and improve customer satisfaction. The product will also allow users to track the authenticity of product components and temperature-control.
Coin Telegraph reports that the general release of the Oracle Blockchain Cloud Service was announced by Oracle back in July, focusing on transaction efficiency and supply chain authentication.