Oracle Evolves Its Cloud-Based Blockchain Service

Oracle has announced updates to its cloud services platform, including the use of its own cloud infrastructure and changes to its billing methods.

“With this release, Oracle takes the Oracle Blockchain platform to a new level of dynamic scalability, high availability and rapid deployment for blockchain-based enterprise applications running on Oracle Cloud infrastructure,” says Frank Xiong, vice-president of the Oracle group for the development of blockchain-type products.

“It is designed and developed to meet the growing demand from our customers who want a more resilient, secure and scalable platform ready to support the increasing workload of enterprise blockchain applications in many use cases. in various sectors. ”

According to Oracle, customers are “increasingly” putting blockchain applications into production as the company needs to increase production capacity to cope with the increased volume of transactions.

Better resilience

“This new version meets their needs with increased resiliency and even greater availability, dynamic scale-out and egress to handle ever-increasing workloads, tighter access controls for information sharing confidential, superior price / performance ratio, greater decentralization capabilities for blockchain consortia and better verifiability when the rich history database function is used in conjunction with Blockchain Tables, from the Oracle database, ”writes the company in a post.

With this release, the transaction-based pricing model also changes to an OCPU metric per hour and a storage metric. In addition, pricing for BYOL (“Bring Your Own License”, in French “bring your own license”) is supported, which allows customers with Oracle Blockchain Platform Enterprise Edition licenses on site to use them instead for cloud deployment.

The new version also automatically deploys and replicates a user’s components in three availability areas of the Oracle cloud infrastructure. It also added the geographic redundancy command, which combines the added deployments in different regions.

Oracle Evolves Its Cloud-Based Blockchain Service

New consensus mechanism

Oracle is also offering a new blockchain consensus mechanism based on the RAFT protocol, which it touts for supporting greater decentralization of corporate networks and allowing multiple participants to run and contribute to network nodes.

Other enhancements in this release include the ability to choose between a standard development-oriented stock management unit (SKU) and a production-level enterprise SKU, on-demand storage capacity, control capability ‘on-chain access for smart contract developers to manage access permissions, an operations audit log for control plane operations, and historical database support, allowing for update of off-chain transactions in the Blockchain Tables of the Oracle database.

Oracle has been implementing its cloud-based blockchain service since 2018 .