Digital asset data specialist Bonanza Lab is shifting its digital asset data solution to run on Oracle Cloud Infrastructure (OCI).

Korea Oracle said on Tuesday Bonanza Lab expects the migration to cut cloud costs by about 50 percent compared with its previous setup. It also simplified real-time data collection, processing and service operations on OCI to improve solution management efficiency.

Bonanza Lab's solution collects and analyses data from multiple digital asset exchanges and on-chain sources. It provides real-time prices, trading data, market insights and risk indicators through APIs and web views.

Hye-yeon Park (박혜연), co-CEO of Bonanza Lab, said digital asset data services must respond to market changes in real time, making infrastructure stability, scalability and operational efficiency most important. She said Bonanza Lab upgraded its service operating foundation by adopting OCI and will continue using OCI to provide more stable data services and insights that corporate customers can trust.

Yong-dae Kim (김용대), executive director of Korea Oracle's ISV cloud business division, said performance, security and cost efficiency are important in rapidly changing fintech and digital asset markets. He said OCI is a secure and cost-efficient technology foundation that helps companies upgrade data platforms and accelerate business growth, and that Bonanza Lab will be able to use OCI to expand digital asset services, drive innovation and create new opportunities.