One of our long-standing partners, Oracle, announced today the launch of the Oracle Blockchain Platform Digital Assets Edition (OBP DA). We are collaborating with them to enable interoperability and cross-ledger orchestration to support the development of a secure, programmable, and highly interoperable digital economy.
The financial landscape is undergoing significant transformation, fuelled by tokenisation and the rapid expansion of digital assets. Yet, a number of these developments are constrained by isolated ledgers that limit the seamless movement of assets.
OBP DA is an enterprise-grade solution designed to streamline the development and deployment of digital assets applications to create unified ledgers. The platform simplifies and accelerates the process of tokenisation by combining a comprehensive bank-grade distributed ledger infrastructure with pre-packaged smart contracts, APIs, powerful indexing database capabilities, web applications, and analytics tools that enable organisations to bring innovative digital asset solutions to the market faster.
Our involvement in Project Rosalind, where we demonstrated interoperability between retail CBDCs and commercial banks via secure API gateways, and the UK’s Regulated Liability Network (RLN), which showcased our platform’s ability to tokenise and settle commercial bank money across multiple ledgers, means that we are best-placed to support Oracle in delivering innovative, secure and compliant infrastructure for their customers.
What challenges does Oracle Blockchain Platform Digital Assets Edition address?
Many financial institutions struggle with the costs, complexity and expertise required to develop secure and scalable blockchain-based financial solutions. OBP DA seeks to address some of these challenges by offering:
Instant domain expertise: Pre-packaged components provide instant access to specialised domain expertise, enabling businesses to enter the market faster.
Lower development costs: Pre-built tokenisation frameworks and application-specific smart contracts coupled with a production-ready blockchain platform reduce the need for specialised blockchain expertise.
Faster innovation cycles: Auto-generation of smart contracts and APIs based on tailorable specification templates and low-code web application and analytics tools accelerate deployment timelines and speed up innovation, while ensuring flexibility for customisation.
Seamless interoperability: Cross-ledger asset portability supports the vision of unified financial systems with real-time settlement using atomic transactions and powerful orchestration capabilities.
Enterprise-grade security: Compliance with global regulatory standards ensures a robust and secure platform based on permissioned Blockchain-as-a-Service, immutable audit trails, and comprehensive Oracle Cloud Infrastructure security.
Real-time insights: Integrated analytics enable better financial decision-making and transparency using built-in indexing and pre-built dashboards and data visualisations, which are easily extensible using low-code analytics tooling.
Aligning with Oracle’s vision
As leaders in distributed ledger technology (DLT), interoperability and payment programmability, we have the technical expertise, strategic insight and extensive experience to deliver Oracle’s vision for digital assets.
Firstly, by leveraging Overledger’s multi-chain connectivity and patented orchestration layer, organisations can bridge financial systems and digital wallets with OBP DA to create a fully connected digital asset ecosystem that unlocks new opportunities for innovation and financial inclusion.
The integration will also enable cross-ledger operations and workflows required to implement a unified ledger architecture, helping to overcome blockchain fragmentation and preserve ‘singleness of money’.
Through our programmable payments technology – which focuses on conditional payments and brings significant experience in secure DLT integration – it will create a trusted, private digital currency with the programmability and efficiency of modern digital payments.
Finally, by enabling programmable payments services for deposit token and stablecoin use cases, we can support advanced payment models using simple locks, two-party, or three-party locks to allow banks, asset managers, and others to offer innovative financial services to their clients.
“Quant is delighted to support Oracle in driving the next wave of blockchain interoperability by ensuring digital assets can seamlessly integrate with blockchain networks and traditional financial infrastructure. We look forward to seeing how the platform evolves and how Quant can continue to support Oracle’s digital economy vision,” said Gilbert Verdian, our Founder and CEO.
How Quant can help
