Blockchain technologies have long been attractive for established companies too, after which they are used as an enterprise variant.
With its enterprise solution, VMware takes special expectations into account
For years, many companies were rather skeptical of the topic of enterprise blockchain . Recently, however, these blockages have dissolved more and more, which is due to the fact that many providers dispel concerns about the security of the infrastructure and have been able to convince companies of the many advantages of the decentralized ecosystem. In a press release The cloud computing and blockchain provider VMware informs about its new offer of such an enterprise platform.
The commercial availability of the BitQT Blockchain offers companies a digital basis for building business networks and providing elementary applications on a decentralized basis. The VMware Blockchain is also a scalable enterprise-class platform that makes data available for a secure, private and immediate workflow.
VMware has worked for several years to make this blockchain platform commercially available. Before that, it was already used in some special and extensive projects. One of them was the Australian Securities Exchange (ASX) ’s CHESS settlement solution. Originally, the operators relied on the blockchain from Digital Asset. But now one falls back on the ledger from VMware, using the smart contract protocol DAML from Digital Asset.
We have focused on building an enterprise-class blockchain platform that meets the most stringent application requirements of the financial services industry […] that require reliable, high-performance blockchain services.
VMware has to hold its own against strong competition
Even if solutions in the field of enterprise blockchain are still new territory for many interested parties, the listed company VMware is already facing some competition with its offer. First and foremost, there is certainly the Hyperledger Fabric project . Its biggest sponsor, IBM, is certainly not what one calls a small IT dumpster. Ethereum and Corda’s R3 consortium are also shaking up the market. The question of how VMware would like to gain a foothold seems entirely justified. The company emphasizes that it will serve the very important and fundamental expectations of its clientele. Expandability, security, data protection, performance and scalability are definitely in focus.
The software is easy to implement, manage and update and also offers first-class support. The latter point is noteworthy. Product support is an extremely important point for the company’s blockchain. However, neither IBM nor R3 are beginners in this area.