Oracle Accelerates Adoption of Enterprise Blockchain Worldwide - Oracle Certifications

Businesses around the world have already reaped the benefits of blockchain applications built on Oracle Blockchain Platform. Companies using Oracle’s business-ready blockchain have been able to move from experimentation to production by creating new blockchain applications from scratch or adding blockchain functionality to an existing solution. To support its customers, Oracle has added new features to the platform that help users speed up the development, integration, and deployment of new blockchain applications.

While blockchain can greatly streamline many existing processes surrounding supply chain, identity, cross-border payments, and fraud detection, businesses have struggled to implement blockchain networks within their existing ecosystems. Oracle Blockchain Platform addresses this challenge by streamlining the process of building and integrating blockchain applications across diverse business networks and connecting them into the relevant business processes within these ecosystems.

“Oracle’s continued leadership and investment in enterprise blockchain technology ensures that the platform has all of the critical capabilities organizations need to build blockchain applications to handle their most important business transactions,” said Frank Xiong, group vice president, Blockchain Product Development, Oracle. “The number of customers already running blockchain applications based on Oracle’s blockchain platform is testament to the strength of the technology and the value it brings to a broad range of industries.”

Worldwide Customers with Blockchain Apps in Use

Using blockchain applications, Oracle customers are establishing new ways to increase trust in diverse ecosystems and increasing the speed, security and efficiency of a wide range of business processes. Oracle’s rapidly growing list of global customers with production deployments on its enterprise-grade blockchain platform include:

• China Distance Education Holdings Limited (CDEL) uses blockchain to share educational records and professional certifications across many educational institutions to help employers and recruiters verify the educational credentials claimed by individuals.
• Circulor uses blockchain to track conflict minerals from their origin at the mines to processing and use in electronic components to ensure ethical sourcing of raw materials.
• SERES uses blockchain to bring greater trust and efficiency to electronic invoicing in franchise networks, which share ordering and fulfillment data between franchisors and franchisees.
• Additionally, Arab Jordan Investment Bank, CargoSmart, Certified Origins, HealthSync, ICS Financial Systems, NeuroSoft, Nigeria Customs, OriginTrail, SDK.Finance, and TradeFin have built or integrated production-ready blockchain applications on Oracle Blockchain Platform.

“Oracle’s blockchain solution delivers enterprise performance, security and scalability right out-of-the-box,” said Doug Johnson-Poensgen, CEO and founder of Circulor. “We started with the Oracle Blockchain Platform four months ago and were able to go from zero to a production system spanning multiple organizations involved in ethical sourcing of minerals within 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.”

“Blockchain improves the trust relationship between franchisor and the franchises by including best practices and decentralized access to the transactions.  Normally, merchandise acceptance processes are manual and require an operator entering the data into the system. But, for example when a franchise has economic problems, it can repudiate that delivery, saying that it never received the merchandise. They can manipulate the database and, on the other hand, also the franchisor can manipulate it,” said José María Mínguez Gutiérrez, Transactional Services Manager of SERES. “With blockchain and its immutability and traceability of information, all these problems disappear and all parties can trust the data and the transactions.”

Enhances Security, Developer Productivity and DevOps Capabilities

With this latest release, Oracle has added unique developer-oriented productivity enhancements and consortium-oriented identity management features, which are critical to diverse organizations conducting business transactions via a blockchain network. New DevOps capabilities make the platform easier to integrate with existing business and IT systems. Additionally, as blockchain becomes an important data store in the enterprise, the platform enables Oracle Autonomous Data Warehouse customers to transparently capture blockchain transaction history and current state data for analytics and to integrate it with other data sources. New features include:

• Enhanced world state database to support standard SQL-based ledger queries reducing the complexity of developing chaincode using readily available programming skills, ensure smart contracts can safely rely on the query results, which are verified at transaction commit, and significantly boost performance of rich data queries.
• Rich history database shadows transaction history into a relational database schema in the Autonomous Data Warehouse or other Oracle databases, which transparently enables analytics integration for interactive dashboards and reports.
• Enhanced REST APIs for event subscription, blockchain administration/configuration, and monitoring of network health, transaction rates, and other statistics, which simplify integration with existing enterprise IT tools.
• Identity federation further extends authentication capabilities to work with external identity providers to facilitate consortium blockchains with many diverse participants using their existing identity management systems.
• Third-party certificate support for registering client organizations on the blockchain network to enable them to use existing certificates issued by trusted third parties.
• Hyperledger Fabric 1.3 support, which adds many new features based on the evolving open source version, including chaincode development in Java, further leveraging existing enterprise skills, and support for private transactions among a subset of members, preserving privacy and business confidentiality. This demonstrates Oracle’s commitment to stay current with the Hyperledger community by leveraging new releases and contributing to the open source community.

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Leading Utilities Weather the Storm with Oracle

Oracle Cloud Platform Application Development 2018 Associate - 1Z0-926 Exam Dumps

As weather volatility increases, customers look to Oracle Utilities to help maintain and restore power to millions

evere weather events are increasing in both frequency and intensity. To help keep power available while supporting predictable restoration for millions of affected customers, the top utilities across the globe rely on the performance and dependability of Oracle Utilities Network Management System (NMS).

According to the National Oceanic and Atmospheric Association, “In 2018 (as of October 9), there have been 11 weather and climate disaster events with losses exceeding $1 billion each across the United States.” Likewise, a study by the European Academies’ Science Advisory Council (EASAC) covered in Science Daily, noted that “extreme weather events have become more frequent over the past 36 years, with a significant uptick in floods and other hydrological events compared even with five years ago.”

When emergencies strike, utilities’ grid operations need to effectively respond to unplanned outages, integrate emergency and mutual-aid crews, and get accurate information to customers fast. Built from the ground-up as a fully-integrated outage and distribution management system, NMS gives utility operations teams accurate, timely, and reliable information critical for meeting the challenges of 21st-century grid operations. Today, more than 40 utility customers—including 6 of the top 9 utilities in the U.S.—depend on the industry-leading Oracle NMS platform in their control centers; several of which have the most demanding storm performance requirements in the industry. On the East Coast of the U.S. alone, power can be restored to 19.4 million customers faster thanks to Oracle NMS.

Customers rely on Oracle to navigate the storms

“The past three years has brought a relentless stream of hurricanes and storms, including Matthew, Irma and Michael,” said Josh Stallings, systems & standards manager, Georgia Power Company. “During each, Georgia Power Company was able to rely on Oracle NMS to bring order to an otherwise chaotic situation. In particular with Irma, which resulted in service interruptions for some 1,630,000 customers we had more than 425 concurrent users on NMS, allowing our operations staff to have a single valid source to monitor and understand what specific parts of the electrical distribution system were impacted, as well as validate the current state of various devices and equipment on the distribution system. The software also allowed us to perform meaningful customer communications ranging from broad-scale restoration targets down to event level communication for cases of trouble with repair crews onsite.”

“In Ireland, we are experiencing more extreme weather events each year,” said Robert Power, NMS system manager at ESB Networks. “Storm Darwin was a turning point in February 2014. The development team fully supported us implementing all required enhancement requests identified in the aftermath of this storm. Since going live with Oracle NMS in April 2017, the system has demonstrated exceptional performance for more than 150 users, coordinating and reporting on all outage activity. Hurricane Ophelia was our first real test, however, the intuitive and flexible nature of the application allowed us to configure storm rules, ETRs and UI as needed to reflect our unique user and system requirements to best manage the restoration effort.” 

Oracle NMS: The calm before, during and after the storm

Based on 30 years of market experience, NMS leverages market-leading outage management technology with distribution management and advanced analytics to empower utilities to maximize grid operation capabilities, shorten outage duration and optimize distribution, all while keeping their customers engaged and informed. NMS reported outstanding performance during the recent hurricane season, which included Florence and Michael. Oracle is now working closely with its utility customers to brace for extreme weather on the horizon this winter, 15 of which serve more than 1 million customer meters each.

“While we previously viewed a catastrophic episode such as Katrina as a once in a lifetime event, they are fast becoming yearly occurrences,” said Rodger Smith, senior vice president and general manager for Oracle Utilities. “As such, the technology to stabilize the world’s power grids and prepare them for uncharted weather territory needs to be equal parts cutting-edge and battle-tested. Oracle’s field-proven NMS system has enabled our customers to weather the most intense storms, helping maintain and restore power to millions. Utilities have enough to worry about during a major weather event, they will attest that our Network Management System isn’t one of them.”

Providing a “single-pane-of-glass” to maintain efficient grid operations, Oracle NMS presents the information control center operators need to effectively optimize the grid end-to-end from the substation to the end customer. Built on a data-centric, platform-based approach with integrated applications, Oracle NMS delivers unified user access to outage management (OMS), distribution management (DMS), distributed energy resource management (DERMS) as well as supervisory control and data acquisition (SCADA) systems.