The American software company, Oracle has launched a tracking solution for businesses. The ‘Oracle Intelligent Track and Trace’ solution is a blockchain application that will help businesses boost their security, supply chain traceability, and efficiency. The application is cloud-based and built on the Oracle blockchain platform.
The solution can be integrated across business supply chain management, enterprise resource planning, customer experience platforms, and IoT. It is the first of four pre-built blockchain applications that Oracle has developed and is available globally.
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Oracle Intelligent Track and Trace grants organizations access to end-to-end visibility of their multi-enterprise supply chain networks. This process grants business owners the leverage to track and trace valuable assets, achieve faster results and build trust amongst trading partners. Organizations would also have access to extract transactions from different sources. They will also have access to the real-time view of their business transactions.
The solution can be integrated into the food and beverage, transportation industries, etc. to ascertain organic certifications, adherence to global trade regulations, and manufacturing compliance. The solution has in-built stimulators that provide a view of value realized. The stimulators also aid in defining business networks and their associated transactions.
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