ZTE Senior Vice President Yu Yifang: Database is the Engine of Financial Technology Innovation

Currently, a new round of technological revolution and industrial change is accelerating the digital transformation of finance, and the transformation of financial technology has also led to the continued growth of the financial industry server and storage market, the financial industry database independent innovation and other needs.

In the face of industry demand, equipment vendors including ZTE, Huawei, and large Internet companies have begun to vigorously layout. In order to open up the financial market, ZTE has chosen the high threshold distributed database as a breakthrough. After years of research and development, up to now, the company's distributed database GoldenDB has become the first domestic financial transactional distributed database formally commercialized in the core business system of large banks, and has achieved a breakthrough in the operator market.

In fact, as a key component of data infrastructure, databases have been highly valued by various enterprises in recent years. In terms of development history, domestic distributed databases have started one after another since 2011. At that time, domestic distributed databases represented by Oceanbase, Giant Sequoia Database and TiDB were born one after another. Among them, Oceanbase was mainly used in Alibaba Group; Jusan Database officially released its commercial version in 2013 and continued to serve the financial and banking industries. With the rise of new businesses like digital finance, distributed architectures and cloud natives are starting to become popular in the financial sector and have become an essential technology foundation in the development process.

The financial market is undoubtedly a big piece of cake, but it is never easy to compete in the financial field, especially in the areas of infrastructure, database, etc., there are a large number of market competitors. Here both IBM, Oralce, such as in the financial field of cultivation for many years, has long had a relatively perfect product, solution and after-sales service department of the veteran company; and Ali cloud, Tencent cloud, Kingsoft cloud and other Internet newcomers, as well as Huawei and other equipment manufacturers.

"The database is the engine of the entire financial technology innovation." Yu Yifang, senior vice president of ZTE, said at the recently held 2021 annual ZTE financial cloud network ecological summit. According to him, the original main processor of all financial enterprises are mainframes and small machines, can not change the X86, because the database is centralized, so it can only be installed on top of the mainframe.

Since 2014, ZTE has launched the development of financial-grade databases and cooperated with CITIC Bank to launch GoldenDB, a distributed database product.

When ZTE made the distributed transaction database, it was not only able to solve the problem of limitation on the large and small machines, but also for the bank's expansion from the traditional business to the mobile payment field provided the foundation. In addition, coupled with the maturity of the cloud platform now, changing machines will not be affected at all for banks, which is what has completely established the entire base of financial technology innovation." Yu Yifang said.

In addition to ZTE, a number of large vendors have recently committed to upgrading and iterating their databases.

At the end of September, Huawei Cloud GaussDB launched a database co-located dual-cluster high-availability program that supports RPO=0, which means that in the event of a failure of the main cluster, the backup cluster also has the ability to continue to provide services, and when a natural or man-made disaster occurs, the protection of the data and rapid The company has also developed a new system for the recovery of data from natural or manmade disasters.

In June of this year, OceanBase announced that it had open sourced 3 million lines of core code based on the Mulan license agreement to provide a free software version.The OceanBase database originated from Ant, and has been used in Alipay for the full range of scenarios, and in 2017 it began to export its technical services to the outside world, where it has been applied to the domestic financial, transportation, railroad, and aerospace sectors.

For the operation and maintenance and security side, Guo Shubo, on the other hand, introduced that ZTE will support some of the customization needs of the operation and maintenance free of charge to ensure better and efficient operation and maintenance. As for the security side, ZTE bought all the full copyrights and will read through them to remove all the security holes in them so as to avoid leaving backdoors in the servers.

The solution can't be implemented without the support of basic servers, etc. IDC has predicted that the global data volume will reach 175ZB by 2025. while the data blowout will bring a strong impetus to the development of the server storage market, it will also put forward higher requirements for the performance, reliability and innovation of server storage. How to make the data really realize "save, flow, good use", but also in the test of the industrial chain of each player's technical strength.

According to IDC recently released the "Global Server Quarterly Tracking Report" shows that in the second quarter of this year, the global server market revenue fell by 2.5% year-on-year to 23.6 billion U.S. dollars, while shipments of about 3.22 million units, an increase of 0.1% year-on-year. Looking specifically at the vendors, HPE/Xinhua ranked first with US$3.7 billion in revenue and 15.7% market share; Dell Technologies ranked second with 15.6% market share; Wave/Wave Business Machines ranked third with 9.4% revenue share; while Lenovo ranked fourth and IBM ranked fifth, with shares of 7.0% and 5.0%, respectively. The top five rankings did not change compared to the same period last year. ZTE had a small market share of 0.6%, although it grew 51.6% to $149 million.

Although the domestic server market is highly competitive, Guo Shubo believes that differentiated competition is often still reflected in the product. "Before a large domestic joint-stock commercial banks to do technological innovation, they believe that ordinary general-purpose servers are not necessarily suitable, so proposed a customized procurement pilot, when other server vendors are reluctant to cooperate, sell standard products can be, we are the only server manufacturer to go to them to do a customized pilot, and to undertake a lot of their operation and maintenance needs, and finally gradually The bank is the only server manufacturer to do a customized pilot for them, and to undertake many of their operation and maintenance needs, and finally gradually gained recognition from this bank."

Wang Xiyu, executive vice president and chief technology officer of ZTE, said, "The financial industry is now, and will certainly be, the strategic main channel of ZTE's government and enterprise business."

However, the vendor's development of server business is not all smooth sailing, supply security issues like a Damocles sword hanging over the head of China's semiconductor industry.

Daily Economic News