Shulou(Shulou.com)06/01 Report--

On December 15, 2019, the year-end ceremony of OSC Source was successfully held in Shenzhen. As a leading financial-grade distributed database vendor, Giant Sequoia Database has won the honors of "2019 Open Source Database Vanguard Enterprise" and "2019 GVP-Gitee most valuable Open Source Project".

SequoiaDB Giant Sequoia database has always adhered to the route of self-research, and officially opened source in 2014, is one of the earliest open source databases in China. After 8 years of independent R & D and technological development, we have iteratively developed financial-grade products with advanced technology, product safety and stability, and strong versatility. This year, SequoiaDB released two major versions. The recently released version 3.4 comprehensively improves the functionality and performance of financial-level trading scenarios, and makes in-depth optimizations in distributed transactions, data consistency, concurrent CURD performance and SQL compatibility.

Break the paradox of open source and commercialization

Open source software first appeared in the 1970s and has experienced half a century of development. At present, new open source software is usually divided into enterprise version and community version at the product level, the market field mainly promotes the free community version, and does not provide technical support and does not bear the product risk, while the commercial sector mainly promotes the enterprise version, which provides all enterprise technical support and SLA service commitments.

Prior to this, there has been a debate in the industry about enterprise-level commercial software and open source technology, and the achievements of Giant Sequoia Database in the past eight years have broken this paradox.

Giant sequoia database has gained industry recognition in both open source and commercial aspects. In the field of open source and technology, won the following awards and honors (in part):

Selected for three consecutive years in the annual series of Gartner database reports

Open source China's most influential open source software in 2018

Selected into the Open Source China 2017 China original Power driven China Innovation list

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COPU 2015 China Open Source Outstanding Project Award

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On the commercial side, the giant sequoia database has achieved great success. At present, the giant sequoia database has more than 50 bank customers, including large state-owned banks, joint-stock banks, rural credit agricultural and commercial banks and urban commercial banks, covering 17 provinces, municipalities and autonomous regions. It has become the most widely used financial-level distributed database product in the domestic banking industry.

Self-research route and technology leading

The success of a database product is inseparable from the control of the product route and development direction. For basic software, adhere to self-research in order to ensure the long-term sustainable and healthy development of products and technology. Self-research is by no means a "slogan", but the only choice for basic software from a technical and commercial point of view. From a technical standpoint:

Self-research represents complete self-control of product code and product development route, so that it will not be controlled by others.

Self-research can ensure the sustained vitality of technical products, quickly respond to customer needs, but also ensure the production of products.

The self-developed technology closed-loop process requires a mature product to constantly practice in financial-level applications, accumulate experience and improve details while obtaining market feedback, so as to achieve continuous technological innovation and production.

When facing the market, the road of self-research will go through the process of "difficult first and then easy". The Gartner technology maturity curve (pictured) shows the five key stages that the enterprise software market will go through, namely, the technology trigger period, the expectation expansion period, the illusion disillusionment trough period, the enlightenment climbing period, and the plateau period. After the bubbles and troughs of the industry, the market will only choose players who really have core technology and products with characteristics and capabilities.

When crossing the peak and trough, only self-research can get out of the products and technologies with their own characteristics. From research and development to production of giant sequoia database is a process from 0 to 1, which goes through "hardship". Need to constantly polish in the industry and practical application scenarios, gradually transition to the mature period, the market share continues to increase, and enter the stable application stage. After 8 years of development, Giant Sequoia database has successfully survived the bubble and trough of the industry, changed the long-term depressed state of domestic database, and is in an absolutely leading position in the distributed field.

In the future, Giant Sequoia Database will continue to adhere to the road of self-research, accelerate progress in the field of open source database, and maintain product technology innovation. At the same time, support open source ecological construction, bit by bit accumulation, give back to the community, let more developers and companies benefit, and jointly promote the development of basic software in China.

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