Oracle: A Leader in a Blockchain Service Which Is Fast, Efficient, and Cost Effective

July 18, 2018

Neither Amazon’s nor Oracle’s blockchain capabilities have captured the imagination of die hard Facebookers or Tweet drones. I read “Global Businesses Turn to Oracle Blockchain Service to Speed Transactions Securely.” The write up struck me as a content marketing type document, but I am skeptical of much of the information I sift each day.

The main point of the write up struck me as an argument for Oracle as the blockchain tool chest and service provider for an organization wanting to avail themselves of the distributed database technology. Oracle suggests in the write up that its approach can transform, provide efficiency, and cost effectiveness.

I noted this statement:

Oracle Blockchain Cloud Service provides customers with a development platform to build their own networks, and to quickly integrate with Oracle SaaS and third-party applications they already use, as well as other blockchain networks and Oracle PaaS services. It also enables users to provision blockchain networks, join other organizations, and deploy and run smart contracts to update and query the ledger. Oracle’s blockchain platform leverages the company’s decades of experience across industries and its extensive partner ecosystem to reliably share and conduct trusted transactions with suppliers, banks, and other trade partners through blockchain.

There is a nod to Linux and the uptime of the Oracle cloud. That would be welcome news to any Oracle customer who tried to take advantage of Amazon discount day deals. My understanding is that Amazon Prime was a different cut of beef yesterday, but I could be mistaken. Cloud services do have their issues, and even the vaunted Google stumbled with streaming video, a technology which I thought was nailed down.

Back to Oracle.

As interesting was the use of Oracle’s blockchain service to verify the virginity of olive oil, I noted this factoid:

“As a company dedicated to making business-to-business payments and supply chain finance secure, frictionless and ubiquitous using blockchain, we are able to significantly accelerate the time to onboard corporations, their suppliers and banks by using Oracle’s blockchain platform,” said Amit Baid, CEO, TradeFin. “It provides a REST API-driven platform with rich integration options in Oracle Cloud Platform, allowing us to quickly onboard existing customers. Additionally, Oracle Scaleup Ecosystem provides access to the platform itself, cloud credits, mentoring, and a number of Oracle resources that can help start-ups like ours grow quickly.”

After reading the write up, it struck me that there were some parallels between Oracle’s service and Amazon’s Ethereum and Hyper Ledger capabilities. The API angle is interesting because Oracle, like Amazon, can knit together other functions and services to create quite specific implementations of the technology.

I did not three things:

First, there was no mention of the number of Amazon professionals who now work at Oracle. Our research suggests that like IBM, Oracle has been able to lure some of Amazon’s own experts with relevant work experience and perhaps some patent highway miles under his or her belt.

Second, Oracle emphasizes cost effectiveness. I assume that quite a few Oracle customers will be delighted with that news. Oracle’s products, services, and engineering support can be expensive when compared to some competitors’ offerings. Microsoft Azure has allegedly been aggressive with some pricing deals, but that may be idle chatter. After all, the high end Surface notebook is supposed to run fast and cool.

Third, the evidence for the value of the speedy Oracle blockchain implementation is none other than IDC. That’s quite an outfit. I wonder if the firm has realigned its compass after selling my reports on Amazon without obtaining permission in writing or paying me for helping make IDC so darned smart. Great and credible source for something as important as blockchain is IDC. But that’s just my normal skepticism.

Stephen E Arnold, July 18, 2018


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