OriginTrail becomes Oracle’s partner for blockchain technology this will result in an integration between the Oracle Blockchain Cloud Service and the OriginTrail network.
OriginTrail Decentralized Network (ODN) is built for data integrity and validation in inter-organizational environments, based on globally recognized standards and powerful graph data structures.
Both are working on an integration between Oracle products and the OriginTrail network that enables trusted data sharing based on distributed ledger technologies.
This partnership enables companies that are already using Oracle products and services to easily use OriginTrail’s solutions. It also allows for the easier integration of Oracle systems with various blockchains.
Oracle Slovenia’s country manager, Rajko Novak, said:
Oracle offers businesses an easy way to adopt blockchain and transform enterprises with the comprehensive and enterprise-grade blockchain platform. Integration with the OriginTrail network enables easier data sharing between companies along the supply chains, all based on distributed ledger technologies. Partnership with OriginTrail brings Oracle’s enterprise-grade technology closer to specific supply chain purposes. This enables to extract more value out of data being exchanged in the multi-organizational environment.
Tomaž Levak, the co-founder of OriginTrail, said:
There is a lot of value that can be captured from data sharing across supply chains. A partnership with OriginTrail will enable companies that are already using Oracle products and services to easily use OriginTrail’s solutions, and the easier integration of Oracle’s systems with various blockchains. We are immensely thrilled to work with a world leader to together tackle challenges resulting from an industry paradigm shift from traditional databases to distributed ledger technologies.
The OriginTrail protocol is a bridge that brings interoperability between Oracle’s and other blockchain solutions, and, as such, brings adoption of the blockchain closer to global supply chains.