Less than 2 weeks ago I was pointing to a patent filed by Oracle, in which the database giant was mentioning Tendermint (a consensus engine based on Byzantine Fault Tolerance algorithm) more than 30 times. Patents and blockchain don't go well together, I was writing at that time, a stance to which I'm constantly faithful.
Today it's official, Oracle launched itself as a cloud-based blockchain provider, trying to get a share of a pie which was consumed until now by Microsoft (with Azure) and IBM. The company will provide the service to companies who want to test and deploy their blockchain based applications.
It's interesting to see how this technology will play out with the big boys in the tech field. Because I don't think these companies are interested in the decentralized part of it, nor in the liberalization of financial activities, but rather to smaller, unexpected changes that can generate profits. In a short interview given to Coindesk, the VP of Oracle Blockchain Divsion, Frank Xiong, said:
"In traditional computer science, there is just one copy of the database. In blockchain, all of the ledgers are distributed, so actually everybody gets a copy [of the data]. So this is only going to expand that data storage [requirement]."
So, I get it. We, Oracle, are not getting in the decentralized part of it, nor in the revolutionary financial changes, but we will gladly provide you more storage space.
Because if everybody is storing the internet (so to speak) on their own devices, boy, there will be a lot of demand for storage.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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