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The American hardware systems and enterprise software developer Oracle Corp. has presented its new suite of blockchain-based business-ready application on Oracle Cloud Service network.

The new software that is called Oracle Blockchain Applications Cloud consists of: Lot Lineage and Provenance, Intelligent Cold Chain, Intelligent Track and Trace, and Warranty and Usage Tracking.

It’s said that new Oracle’s development would give customers tools to track products on supple chains.

Previously in this year, Oracle announced the launch of its own blockchain platform, which was designed to increase the efficiency of transactions and authentication processes in the supply chain.

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