The team at ORACLE’s blockchain division have announced the release of new features on the business-ready enterprise solution that utilizes the technology. The new features on the blockchain platform will help users speed up the development, integration, and deployment of new blockchain applications.

The new release of the enterprise blockchain platform, version 19.1.3., is a continuation of what was launched by Oracle back in July 2018. The enterprise solution has thus far enabled businesses across the world to build decentralized applications from scratch as well as adding blockchain functionality to existing solutions.

Oracle’s existing customers of the service include Circulor, SERES, and CDEL. Additionally, Arab Jordan Investment Bank, CargoSmart, Certified Origins, HealthSync, ICS Financial Systems, NeuroSoft, Nigeria Customs, OriginTrail, SDK.Finance, and TradeFin.

With the new release, the platform has added the following unique features that are geared towards improving blockchain applications created on it.

  • Enhanced world state database to support standard SQL-based ledger queries
  • Rich history database which shadows transaction history into a relational database schema in the Autonomous Data Warehouse or other Oracle databases
  • Enhanced REST APIs for event subscription, blockchain administration/configuration, and monitoring of network health, transaction rates, and other statistics
  • Identity federation to further extend authentication capabilities
  • Third-party certificate support for registering client organizations on the blockchain network
  • Hyperledger Fabric 1.3 support

Doug Johnson-PoensgenCEO and founder of Circulor, explained the ease at which his firm was able to utilize the blockchain solutions by Oracle.

Oracle’s blockchain solution delivers enterprise performance, security and scalability right out-of-the-box.

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.

What are your thoughts on ORACLE enhancing its enterprise blockchain platform to include new features? Please let us know in the comment section below. 

[Feature image courtesy of ORACLE.com]

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