Oracle shakes up blockchain cloud service pricing and backup | ZDNet

Oracle has introduced updates to its blockchain platform cloud service, together with leveraging its personal cloud infrastructure and adjustments to the best way it costs.

“With this release, Oracle advances the Oracle Blockchain Platform to a new level of dynamic scalability, high availability, and quick deployment for enterprise blockchain applications running on Oracle Cloud Infrastructure,” Oracle group VP of blockchain product improvement Frank Xiong mentioned.

“It’s designed and developed to meet our customers’ growing demand for a more resilient, secure, and scalable platform that’s ready for growing workloads of enterprise blockchain applications in numerous use cases across various industries.”

According to Oracle, prospects are “increasingly” shifting blockchain functions into manufacturing, with the corporate being required to up capability at its finish to deal with the elevated transaction volumes.

“This new release responds to their needs with increased resilience and even higher availability, dynamic scale-up and scale-out to handle ever growing workloads, stronger access controls for sharing confidential information, superior price/performance, greater decentralisation capabilities for blockchain consortiums, and stronger auditability when rich history database feature is used in conjunction with Oracle Database Blockchain Tables,” the corporate wrote in a publish.

See additionally: Blockchain and business: Looking beyond the hype

With this launch, the transaction-based pricing mannequin can be altering to an OCPU-hour plus storage metric. As properly as help for “bring your own licence” pricing, which permits prospects with on-premises Oracle Blockchain Platform Enterprise Edition licences to make use of them as a substitute for a cloud deployment.

The new launch additionally routinely deploys and replicates a consumer’s elements throughout three Oracle Cloud Infrastructure Availability Domains. It’s additionally added “geo-redundant ordering”, combining deployments added throughout totally different areas.

Oracle is now additionally providing a brand new blockchain consensus mechanism based mostly on RAFT protocol, which it touted as supporting better decentralisation for enterprise networks and enabling a number of contributors to run and contribute to nodes to the community.

Other enhancements on this launch embrace the flexibility to decide on between development-oriented Standard SKU and production-grade Enterprise SKU, on-demand storage capability, on-chain entry management functionality for sensible contract builders to handle entry permissions, an operations audit log for management aircraft operations, and historical past database help, permitting off-chain transaction updates into Oracle Database Blockchain Tables.

Oracle made its blockchain cloud service generally available in mid-2018.

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