What is Multi-Cloud Blockchain Distributed Ledger Technology?
Networks based on blockchain and Distributed Ledger Technology (DLT) are multi-party platforms. Each side can have its own set of tools, approach, and cloud provider. Some public or private blockchain networks offered by providers may have limited geographical availability, scalability, or network segregation. This has led to high demand for blockchain developers and a higher demand for blockchain training programs.
The open-source Blockchain Automation Framework (BAF) provides a standard method for deploying production-ready DLTs across various public and private clouds. However, while BAF can handle deployments, it does not offer centralized infrastructure management and monitoring. Although some cloud providers’ blockchain services provide infrastructure management, all parties may be required to be in the same cloud or infrastructure.
Parties who use multiple cloud providers and infrastructures require a single management platform to join forces and construct a blockchain network. Regardless of hosting architecture, this platform should provide uniform visibility, operations, and compliance across a wide range of resources and locations.
Why is a Modular and Flexible Blockchain Architecture Important?
Blockchain networks that operate in the real world must be adaptable enough to accommodate organizational rules and regulatory regimes from all over the world. Oracle Blockchain Platform enables this by providing an interoperable mix of cloud PaaS nodes and enterprise edition nodes that can run outside of the Oracle Cloud to meet the needs of a diverse set of clients. To accomplish this, OBP has a common architecture that separates core functionality from implementation specifics such as provisioning UI, authentication, patching, logging, and so on, so that the latter can be implemented differently for the cloud service using native OCI capabilities and the on-premises enterprise editions using pre-integrated components.
Blockchain projects in the public sector are driving a mix of on-premises and cloud deployments.
In addition to hybrid deployments, the growing blockchain momentum in governments/the public sector pushes OBP Enterprise Edition deployments. These include civilian and national security agencies from the United States and other countries. Customs, immigration, tax authorities, healthcare regulators, and defense ministries and departments are just a few of the governmental entities that are implementing OBP EE on-premises to support their operations via fully on-premises networks. However, in some cases when an ecosystem includes both the public and private sectors, hybrid deployments are being investigated in order to allow the private sector to employ cloud-based nodes.
Wrapping up
It remains to be seen whether distributed ledger technologies, such as blockchain, will transform the way governments, institutions, and industries operate.
Experts in this field advocate DLT as a critical technology that has the potential to not only improve existing processes but also to spark imaginative new applications.
Furthermore, they regard DLT as a component of the “internet of value,” in which transactions take place in real-time across worldwide networks. Indeed, digital ledger technology exists only because the internet, which enables it, is so widespread. blockchain developer training is on the rise with many opting for Online Blockchain class for the convenience of learning from home. Enroll in Blockchain training and get started with your journey of becoming a well-studied blockchain developer.
