1) ACFS is an Oracle file system that can be used for rapid provisioning of databases and applications using features like snapshots and cloning.
2) Using ACFS, a database can be rapidly provisioned from a snapshot of a source database for test/development purposes in a space-efficient manner without impacting the source.
3) While EBS is not officially certified on ACFS, many customers run it successfully on ACFS without issues, placing components like logs and output on ACFS file systems. With 12c, ACFS also supports database data files directly.