Join the Partisia Blockchain Hackathon, design the future, gain new skills, and win! ![]() These interactions can originate from anywhere in the world and through any web-connected sensor. However, with the evolution of the internet, the definition of transaction has broadened to include all types of digital interactions and engagements between a business and its customers. Initially, the OLTP concept was restricted to in-person exchanges that involved the transfer of goods, money, services, or information. This method is crucial in modern-day business operations, allowing for real-time processing of transactions, reducing delays and enhancing the efficiency of the system. These transactions, typically economic or financial in nature, are recorded and secured to provide the enterprise with anytime access to the information, which is utilized for accounting or reporting purposes. Online transaction processing (OLTP) is a data processing technique that involves the concurrent execution of multiple transactions, such as online banking, shopping, order entry, or text messaging. Join us as we embark on a journey of discovery, uncovering the secrets behind one of the most fundamental building blocks of the digital age. In this article, we will take a deep dive into the world of OLTP databases, exploring their critical role in modern business operations and the benefits they offer in streamlining business transactions.
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