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Dell-owned VMware launches blockchain platform for enterprises

Dell-owned VMware launches blockchain platform for enterprises

Dell-owned software company VMware has commercially launched its blockchain platform for enterprises.

VMware first beta announced the platform in 2018 under the name Project Concord. The finished product, VMware Blockchain, is aimed at helping businesses to build and deploy decentralized applications.

VMware says its blockchain platform addresses the issues of scalability and performance with its proprietory consensus mechanism called Scalable Byzantine Fault Tolerance (SBFT). This mechanism preserves fault-tolerance and defense against malicious attacks, maintains decentralized trust, and supports governance in multi-party networks, VMware said.

The blockchain platform also supports the DAML smart contract language by crypto startup Digital Asset.

VMware is targeting financial services, manufacturing, retail, healthcare, and supply chain industry players as key customers for its blockchain platform.

“We have been focused on building an enterprise-grade blockchain platform that meets the most stringent application requirements of the financial services industry and other mission-critical distributed workloads that require reliable and high-performance blockchain services,” said Brendon Howe, VP and general manager of blockchain at VMware. “VMware Blockchain delivers to customers the enterprise features they need for production today and the flexibility to adapt to future needs in the rapidly evolving blockchain space.”

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Author: Yogita Khatri

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