Oracle has officially announced the launch of Oracle Blockchain Cloud Service – an enterprise-grade distributed ledger service allowing organizations to easily build blockchain networks.

According to the official release, an early adopter version of the service has already been deployed by a number of businesses including Arab Jordan Investment Bank, CargoSmart, Certified Origins, Indian Oil, Intelipost, MTO, Neurosoft, Nigeria Customs, Sofbang, Solar Site Design, and TradeFin. The platform enables businesses to ease transactions, track goods through supply chains, and reduce costs, among other things.

“We are excited to announce the availability of Oracle Blockchain Cloud Service,” said Amit Zavery, executive vice president, Oracle Cloud Platform. “With Oracle’s platform, enterprises can enhance their business, eliminate unnecessary processes, and transact with their distributed networks more easily, transparently and securely than ever before.”

Built on top of Hyperledger Fabric, the platform is pre-assembled with all the underlying infrastructure dependencies, container lifecycle management, event services, identity management, REST proxy, and several operations and monitoring tools integrated under a single console, expediting the set-up and application development process. It also has such built-in capabilities that can enable multi-datacenter disaster recovery across availability domains.

The platform also benefits from broad capabilities in Oracle Cloud Platform for plug-and-play integration with existing cloud and on-premises applications, API management, and application development environments and tools. This would help facilitate faster integration with diverse systems, thereby accelerating time to market and multiplying the returns from using the blockchain platform across different application use cases.

Oracle said it is also delivering new SaaS applications to use blockchain technology for common use cases, such as track and trace, provenance identification, warranty and usage, and cold chain.

“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 said.