VMware Blockchain was made available in the market to provide a digital foundation for businesses to build corporate networks and deploy decentralized applications.
The solution provides an extensible and scalable enterprise-grade platform to unlock data silos and free data to flow securely, privately and instantly.
“We have focused on creating an enterprise-grade blockchain platform that meets the most stringent application requirements of the financial services industry and other critical distributed workloads that require services from Reliable, high-performance blockchain. VMware Blockchain provides customers with the business functionality they need for production today and the flexibility to adapt to future needs in the rapidly evolving blockchain space, ”said Brendon Howe, vice president of VMware and general manager of blockchain.
VMware provides a set of operational capabilities, including ease of deployment, monitoring, management, scalability, and support to meet day 0 and day 2 operations requirements to enable businesses to bring their blockchain solutions into production.
VMware Blockchain’s Scalable Byzantine Fault Tolerance (SBFT), an enterprise-level consensus engine developed in-house by VMware Research, is designed to address the scale and performance issues of blockchain solutions while maintaining fault tolerance and defense against malicious attacks.
SBFT maintains decentralized trust and supports ongoing governance in multi-stakeholder networks.
As an enterprise-grade platform for multistakeholder processes, VMware Blockchain brings a unique advantage of a layered architecture that decouples the registry from the smart contract language.
VMware Blockchain supports DAML, an open source smart contract language created by VMware Blockchain technology partner, Digital Asset.
The solution’s platform architecture includes a virtual smart contract runtime engine that is designed to easily extend the platform to support additional smart contract languages.
“Our co-innovation with VMware on the blockchain offers a new way of doing business that can benefit a number of industries,” said Yuval Rooz, co-founder and CEO of Digital Asset, co-founder and CEO of Digital Asset.
“VMware Blockchain integrated with Digital Asset’s DAML smart contracts ensures confidentiality among participants in the same workflow. Now even competitors can collaborate on a distributed ledger with confidence and confidentiality. “
VMware and Digital Asset have also partnered with customers, including Broadridge Financial Solutions and Australian Securities Exchange (ASX), who need resilient enterprise-grade technology as their foundation.
Broadridge Financial Solutions, recognized the need for an enterprise-grade blockchain platform to underpin its Distributed Ledger Technology Buyout Agreement (DLT Repo) solution.
“VMware Blockchain provides us with a platform to model and enforce multi-party agreements on a scalable Byzantine Fault Tolerant platform. This creates a single, shared and trusted source of truth, enabling the automation and digitization of repo processes, and reducing reconciliation efforts, ”said Horacio Barakat, director of DLT Repo at Broadridge Financial Solutions.