Oracle Blockchain Cloud

Score7.5 out of 10

4 Reviews and Ratings

What is Oracle Blockchain Cloud?

Oracle offers the Blockchain Cloud PaaS, a complete, production-ready blockchain platform based on Hyperledger Fabric.

Categories & Use Cases

Blockchain-as-a-Service (BaaS)

Robert van Mölken View profile

Technical Architect in Engineering at AMIS (51-200 employees employees)

Pros

Within an hour you can set up your initial network, provision all the technical components through an easy to use console, link all organizations together and join all partners to the same chain.
Out-of-the-box APIs to interact with smart contracts, and to interact with other Oracle Cloud PaaS and SaaS.
Start implementing business processes into smart contracts using the Blockchain App Builder tool through declarative configuration.

Cons

Integration with Oracles (external information sources) and other Blockchains from within smart contracts

Return on Investment

Quickly possible to transform an business process into a Blockchain network and decentralized appplication (smart contract)

ayman qadoumi View profile

Assitan Deputy General Manager IT/IS - CIO in Information Technology at Arab Joradan Investemt Bank (501-1000 employees employees)

Pros

Because of the ready set of APIs, it becomes easy to interact with Oracle Blockchain Cloud, and to integrate with other systems.
The built-in security features, such as identity management and data encryption, made it an ideal choice given our industry requirements and compliance needs.
The deployment flexibility, as it enabled us to choose either using the private cloud option, deploy on Oracle public cloud, or a mix between them in a hybrid deployment.

Cons

We need to see Oracle Blockchain Cloud communicate and integrate with other BC networks.

Return on Investment

It has a direct positive impact on ROI, and by eliminating intermediaries from the process, we saved the related cost, which makes funds transfer cheaper.
It's provided more simple back-office operations, which again has a direct positive impact on ROI by saving staff time and efforts in handling transactions.

Alternatives Considered

IBM Blockchain Platform

IBM Blockchain Platform

Azure Blockchain Service

SAP Cloud Platform, for Blockchain Service