Explanation
NVMe stands for non-volatile memory express. It is a storage protocol created to fasten the transfer of data between enterprise and client systems and solid-state drives (SSDs) over a computer's high-speed Peripheral Component Interconnect Express bus. The characteristics are:
1) Local NVMe is NVMe SSD-based temporary storage.
2) It is the locally-attached NVMe devices to the OCI compute instance
3) It is used very high storage performance requirements, lots of throughput, lots of IOPS, local storage and when you don't want to go out on network
4) Oracle does not protect in any way through RAID, or snapshots, or backup out of the box and data is not encrypted at rest.