Major virtual machine and cloud computing company VMware has announced the launch of its enterprise blockchain platform. VMware initially announced working on an enterprise blockchain platform back in 2018. The platform intends to provide a scalable infrastructure for decentralized applications catering to enterprise users. VMware is a subsidiary company of Dell.
VMware Launches Enterprise Blockchain Platform
The original vision for the VMware enterprise blockchain platform included deploying managed data replicas in both private and public clouds. The platform also intended to include auditing and compliance features, fault tolerance, and integration of other services from VMware.
The final product includes many features from the original vision along with other operational capabilities. This includes the deployment of VMware specific architecture including providing support services powered by VMware. The platform also supports the DAML, the open-source smart contract language.
Brendon Howe, VP and GM of Blockchain for VMware, adds:
“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. 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.”
VMware blockchain was first implemented on the Australian Stock Exchange as an alternative to the exchange’s CHESS electronics payment system implemented back in 1995. The implementation of the platform includes the use of DAML smart contracts for settlements.
VMware Targets Healthcare and Federal Agencies
The enterprise blockchain platform also features the deployment of Scalable Byzantine Fault Tolerance (SBFT), an enterprise-grade consensus engine developed by VMware Research.
According to VMware, SBFT is intended to scale the enterprise blockchain platform while preventing fault tolerance against malicious attacks. It also supports the ongoing governance in multi-party networks.
VMware is currently looking towards key sectors such as healthcare and federal agencies for its target customers regarding their enterprise blockchain platform.