Oracle Blockchain Cloud Service

Editor's Notes

• #2: BLOCKCHAIN PROVIDES SECURE, TRUSTED TRANSACTIONS ON THE INTERNET IT ORIGINATED WITH FINANCIAL TRANSACTIONS AND BITCOIN BUT, NOW THE MERITS ARE UNDERSTOOD ACROSS MANY INDUSTRIES AND BUSINESS ARE ACTIVELY INVESTING ================================= The most comprehensive distributed ledger cloud platform to securely extend your business processes and conduct online transactions in trusted networks with your suppliers, banks, and other trade counterparties Definition Secure, Trusted transactions for single and multiple party interactions For digital commerce, messaging, and documents Removes intermediaries, their fees, and prying eyes. Tamperproof and fault tolerant. Commercial Opportunity Hardens internet. Provides greater protection for PII. Faster transaction completion. Inside an organization, consumer to organization, organization to organization Enables trust in peer-to-peer B2B transactions, avoiding the cost and risks of intermediaries Eliminates manual, error-prone information exchange across enterprise boundaries
• #6: Enable distributed, autonomous marketplaces Issue and trade things of value—currency tokens, utility tokens, or e.g., outstanding invoices—in a secure, transparent, private, and self-reconciling “chain” of transactions Adds speed and flexibility to cash and asset management. For example, using verified invoices from enterprise resource planning (ERP) applications, companies could raise needed cash quickly or accelerate cash flow by selling invoices on an autonomous invoice-factoring marketplace. Reduce friction in business transactions Managing spending is a challenge in most organizations. Take a look at these statistics from Ardent Partners CPO Rising 2016: Less than half (45%) of spend is contract compliant Only 39% of addressable spend is actually sourced Only 63% of spend is linked to a purchase order Alternatively, enterprises could create a self-governed blockchain network for suppliers and partners. This could enable automated smart contracts, instant payments, and Internet of Things (IoT)-activated shipments. Without human interaction, errors and missing information are reduced across transactions, and transactions happen faster because buyers and sellers are directly connected. Securely maintain and share decentralized private records Traditionally, industries rely on third parties to guard databases of their shared information using firewalls and restricted access. As frequent high-profile data breaches demonstrate, this practice isn’t ideal. But if each data element is secured and encrypted with a blockchain member’s key, a cybercriminal would need to have access to each key of each member to access all of the blockchain data. This is not to say that blockchain makes all data 100% secure, but it certainly can help to prevent the exposure of large numbers of private records in a single act. E.g., employee or student records, where employers and educational institutions and even industry certification bodies can add new qualifications, grades or work positions as they are obtained. Imagine giving an employee a key for access to all of his or her employee records as part of a secure blockchain that human resources (HR) also participates in. Individuals would be able to share their college transcripts or employment with employers or other educational institutions securely and not rely on faxing copies of certificates that are unreliable and easy to forge. Tracking the provenance of products and materials Blockchain can help to guarantee product quality and safety by making it easier to track and locate in-use products and materials. For example, let’s say an auto manufacturer forms a quality-focused blockchain that includes parts suppliers, sub-assembly makers, a quality-control provider, and the public regulatory body (e.g National Highway Traffic Safety Administration). Recalls of defective parts would then progress much faster, and thus be more effective. This is significant, considering that tens of thousands of lives are lost annually because of defective auto parts. Lightweight financial systems. Provenance tracking. Interorganizational record keeping. Multiparty aggregation. https://www.multichain.com/blog/2016/05/four-genuine-blockchain-use-cases/
• #9: EARLY ADOPTERS REQUIRE DEVELOPMENT PLATFORM IS IMPORTANT – MISSION CRITICAL TRANSACTIONS YOU NEED A VENDOR TO DELIVER HOLISTICALLY ================= Early stage technology adoption very disruptive – even moreso with mission critical data and processes. Transaction certainty = resiliency, backups, recoverability, availability, global cloud Global reach – data residency Standup and maintain Development and Test environments Developers spending too much time managing delivery of many releases Lots of effort for lifecycle management operations like patching and backup/restore Lots of wasted capacity planned for peaks Hard to migrate applications to cloud Significant effort in managing monitoring rules/thresholds to detect performance issues, prevent outages
• #17: Smart contract developers will create and test business logic on blockchain Smart contract development in GO (and later Java) Exploring integration with declarative tools Application developers will develop end-user applications, which execute transactions via deployed smart-contracts using REST APIs that can be called directly through REST Proxy Client SDKs for popular languages (Java and Javascript currently, others coming) To extend SaaS apps call the REST APIs or use the Java SDK in JCS for SaaS Extension Enterprise IT and ISV developers can build in Java Cloud with the Java SDK or in Mobile, Container, or App Builder Clouds with JavaScript SDK. Or call REST APIs from these and Integration, SOA, and Process cloud services. Streamline team development and CI using Developer Cloud-provided DevOps tools
• #18: Smart contract developers will create and test business logic on blockchain Smart contract development in GO (and later Java) Exploring integration with declarative tools Application developers will develop end-user applications, which execute transactions via deployed smart-contracts using REST APIs that can be called directly through REST Proxy Client SDKs for popular languages (Java and Javascript currently, others coming) To extend SaaS apps call the REST APIs or use the Java SDK in JCS for SaaS Extension Enterprise IT and ISV developers can build in Java Cloud with the Java SDK or in Mobile, Container, or App Builder Clouds with JavaScript SDK. Or call REST APIs from these and Integration, SOA, and Process cloud services. Streamline team development and CI using Developer Cloud-provided DevOps tools
• #22: Standup and maintain Development and Test environments Developers spending too much time managing delivery of many releases Lots of effort for lifecycle management operations like patching and backup/restore Lots of wasted capacity planned for peaks Hard to migrate applications to cloud Significant effort in managing monitoring rules/thresholds to detect performance issues, prevent outages