Brand
Banking & FinanceSoftwareTop Stories

Jordanian bank utilises Oracle Blockchain Cloud Service for secure transactions

Jordanian bank utilises Oracle Blockchain Cloud Service for secure transactions

Arab Jordan Investment Bank has deployed Oracle Blockchain Cloud Service

A Jordanian organisation has deployed an early adopter version of a blockchain service.

Arab Jordan Investment Bank has deployed Oracle Blockchain Cloud Service which allows it to easily build blockchain networks to drive more secure and efficient transactions and to track goods through supply chains on a global scale.

“Oracle’s blockchain platform has helped us minimise the complexity of electronic fund transfers by reducing cost, increasing efficiency and security levels, and ultimately improving the overall customer experience,” said Ayman Qadoumi, Deputy General Manager, Information Technology and Security, Arab Jordan Investment Bank.

“The built-in features such as identity management and data encryption made it an ideal choice given our industry requirements and compliance needs. Additionally, the REST APIs helped us and our vendors accelerate application development and integration with existing core services.”

Blockchain has the power to impact almost all industries and has applicability to verticals from transportation, supply chain and logistics, energy, retail and ecommerce, to financial services, telecommunications and public sector.

Organisations are already using Oracle Blockchain Cloud Service to help ease transactions, track goods through supply chains, and reduce costs, including global shipping leaders, multi-national manufacturers, food producers and energy marketplaces.