VMware launches enterprise blockchain platform

The leading company for cloud computing and virtual machines VMware He started VMware blockchain, A blockchain platform for businesses.

Dell propertyThe billion dollar company first participated in the development of blockchain technology in 2018 Concord project, A promising platform for companies that could enable the secure exchange of data between organizations.

VMware is part of IBM and other global technology conglomerates that have introduced their own blockchain platforms. The company identified highly complex and fragmented multi-part business processes that lead to delays, higher costs and barriers to innovation as core problems that should be solved with their blockchain solution.

VMware launches enterprise blockchain platform
VMware launches enterprise blockchain platform

VMware Blockchain is now available for commercial useafter a test by the Australian Stock Exchange. The bag is intended to replace your current chess system with the new platformalthough this has recently been delayed until April 2023.

The international fintech company Broadridge Financial Solutions You are using the VMware solution to Development of “blockchain-based solutions for the transformation of the capital market infrastructure”According to the director of Broadridge’s DLT repo, Horacio Barakat. He added that the platform allowed the company “Modeling and enforcement of multi-party agreements on a scalable BFT platform”.

The mentioned Byzantine Fault Tolerant Scalable Consensus Protocol (BFT) was developed in-house by VMware as part of Project Concord. The company has partnered with Digital Asset Integrate smart contracts of the Digital Asset Modeling Language, and also It works with service partners such as Accenture, Infosys and Intellect EU.

The cloud computing company was founded in 1998 and had sales of 10.6 billion US dollars in fiscal 2020.

Last year, the CEO of VMware, Pat Gelsinger, condemned Bitcoin as “bad for humanity”and claims that it is mainly used for illegal activities and is excessively high in energy consumption.

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