What’s New in the Next Generation of Oracle Blockchain Platform Cloud Service

Oracle has announced an update to the Oracle Blockchain Platform Cloud Service, leveraging the advantages of Oracle Cloud Infrastructure (OCI) and new improvements by the Hyperledger community in Hyperledger Fabric. 

According to Oracle, its blockchain customers are increasingly moving their applications into production, and existing production customers are scaling up their deployments and ramping up their transaction volumes.

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

The announcement was made in an Oracle Blockchain Blog post by Mary Hall, director, Oracle Blockchain product marketing, and Mark Rakhmilevich, senior director, blockchain product management.

Oracle will provide a migration capability to the new release—which features a new transaction-based pricing model—with no loss of ledger data or configuration information.

Customers with business-critical blockchain applications benefit from this new release’s ability to automatically deploy its components across three Oracle Cloud Infrastructure Availability Domains (and in the regions with a single Availability Domain, three Fault Domains) to provide stronger resilience and recoverability, with the SLA for the Enterprise SKUs of at least 99.95%. As customer workloads grow, this release enables them to dynamically scale up and scale out the new instances to quickly extend their cloud resources and equips them to handle the increased workloads.  

This release also offers a new blockchain consensus mechanism based on RAFT protocol, which supports greater decentralization for business networks and enables multiple participants to run and contribute orderer nodes to the network for more shared governance.

“With this release, Oracle advances the Oracle Blockchain Platform Cloud Service to a new level of dynamic scalability, high availability, and quick deployment for enterprise blockchain applications running on Oracle Cloud Infrastructure,” said Frank Xiong, Group Group VP, Blockchain Product Development, Oracle. “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.” 

Enhancements in this release include the following:
•    The ability to choose between development-oriented Standard SKU and production-grade Enterprise SKU, which provides multiple shapes, high availability, and supports dynamic scalability
•    On-demand storage capacity
•    Automatic deployment and replication 
•    Geo-redundant ordering cluster 
•    An operations audit log for control plane operations to track any administrative access or configuration changes
characteristics of on-chain data to the database tables used for analytics/BI.
•    Support for "bring your own license/ BYOL pricing", which enables customers with on-premise Oracle Blockchain Platform Enterprise Edition licenses to use them instead for a cloud deployment.

For more details, visit the What's New for Oracle Blockchain Platform on Oracle Cloud Infrastructure (Gen 2) on the Oracle site.