Today you need to implement blockchain enterprises[? This was stated by the Director of the blockchain-products of Oracle Corporation, mark Rakhmilevich.
On running cloud service based on the technology of the blockchain for corporate clients – Oracle Blockchain Cloud Service – Oracle said in October last year. Such solutions from Oracle, few expected. The company is the world’s largest DBMS vendor, and suddenly goes to a decentralized system. However, Oracle saw the prospect of a solution. Innovation went into the product Oracle Cloud. The developers, a cloud-based enterprise blockchain service will have simplified monitoring, continuous backup, to quickly transfer data and restore them. However, in the corporate blockchain, open source will be a system added security, access to confidential information and APIs to build applications.
According to Mark Rakhmilevich, customer requirements for new service are reduced to five main parameters:
security and privacy;
support and management;
integration into the existing model.
The author notes that business is concerned about the creation of large blockchains with hundreds of participants, rising transaction volumes and time of their expectations. It is necessary to increase throughput for business processes that must go to the blockchain app.
«To achieve these limits (approx. edit: the above five parameters) requires an architectural approach that separates the task – offers mark Rakhmilevich. – Work is performed on a separate, independently scalable servers. The asynchronous approach uses threads, parallelization, faster consensus protocols and is optimized environments.»
Corporate blockchain-service built on the Oracle project code Hyperledger Fabric, which already uses some of the principles of the architectural approach.
For operating stability in Oracle meets software that uses sync services and redundancy. As quickly and without manual intervention to help solve the problem of Autonomous monitoring, recovery, failover components, and backup.
«About 70% of failures related to human error, which is corrected other problems or adjust the configuration», – says the expert.
Regarding security, in the corporate blockchain all participants have to be known and registered. Certificates identificeret party cryptographic key that authenticates the message with a digital signature. This allows the networks and clients to authenticate the sender and message. Special attention should be paid to the certificates, including their revocation, for example, in the case of credential theft. In addition, according to blockchain, universal automatic encryption will prevent a hacker attack. «In addition to the external security of the corporate blockchain should be able to carry out confidential transactions, for example, using channels in Hyperledger Fabric, which isolate the ad hoc network and maintain private registries that are only available to other peer-to-peer networks on the same channel,» advises mark Rakhmilevich.
Serve corporate blockchain, according to the expert, can the blockchain, but as a service provider. The service uses ready-to-deploy infrastructure and operational capabilities, while businesses are more focused on the value of the applications offered by the blockchain.
Core banking, enterprise resource planning, managing people and the supply will soon be on the blockchain. Integrating technology into the current enterprise system is an expensive process. In this issue promising approach mark Rakhmilevich calls integration applications which focus on common business processes.
Today, companies, including Oracle, create a blockchain platform based on these five requirements, so the expert hopes that in 2018 corporations will be able to move from experiments to real operation. With the idea of corporate blockchain Oracle joined the largest software developers IBM and Microsoft. Oracle is ready to cooperate both with giants and startups, stating that the cost of services, for example, on smart contracts depends on the number of transactions.