VMware Releases Scalable Enterprise Blockchain Platform

 　November 19, 2020 - VMware announced the commercial availability of the VMware Blockchain platform, which provides a trusted digital foundation for enterprises to build business networks and deploy decentralized, business-critical applications. data, enabling it to flow securely, confidentially and instantly.

　　Businesses rely on data and workflows to operate, enabling authentic information sharing sources that can create unprecedented value, but with some complexity. Data is often stored within enterprise boundaries, making it inefficient and costly to share and coordinate data across borders, so a trusted, multi-party network is needed to maintain integrity, protect privacy and provide enterprise-class resilience to the global ecosystem.

　　To meet the most demanding application requirements of the financial services industry and other distributed mission-critical workloads that require reliable, high-performance blockchain services, we have been working to build an enterprise-class blockchain platform," said Brendon Howe, vice president and general manager, VMware Blockchain. VMware Blockchain provides customers with with the enterprise capabilities needed for production today, and the flexibility to adapt to future needs in the rapidly evolving blockchain space."

　　VMware is launching the public beta of VMware Blockchain at VMworld 2018 Europe, leveraging its industry-leading strengths to deliver enterprise-class features such as security and privacy, performance, and scalability. Enterprises want to create authentic sources of information sharing and build trust while ensuring privacy and making multi-party workflows more efficient with an ecosystem-friendly solution. Based on the importance of Day 0 and Day 2 operations for enterprise adoption of blockchain solutions, VMware offers a comprehensive set of operational capabilities including easy deployment, monitoring, management, upgrades and best-in-class support.

　　As enterprises rely on blockchain to process multi-party transactions, a key determinant of the quality of execution and scaling of a blockchain platform is the consensus mechanism selected for deployment. VMware Blockchain's Scalable Byzantine Fault Tolerance (SBFT) is an enterprise-grade consensus engine developed in-house by VMware Research that addresses the scale and performance issues of blockchain solutions while retaining fault tolerance and defense against malicious attacks. SBFT maintains decentralized trust and provides support for ongoing governance in multi-party networks.

　　As an enterprise-class platform for multi-party processing, VMware Blockchain has the advantage of a unique layered architecture that unbundles the ledger from the smart contract language, supporting DAML, an open source smart contract language created by technology partner Digital Asset, and VMware Blockchain's platform architecture includes a virtual smart contract execution engine that easily extends the platform to support other smart contract languages.

　　Financial services, manufacturing and retail-driven supply chains, and the healthcare industry are creating a new wave of building new critical infrastructure applications to leverage blockchain technology to help solve the pain points caused by unconnected, siloed systems. Financial services companies are using blockchain technology to radically streamline operations, enabling banks, brokerages, payment processors and other financial institutions to significantly reduce processing time, reduce manual processing and duplicate information sent and received, and create new profit centers with capabilities such as simultaneous trade clearing and settlement. VMware Blockchain, along with partners such as Accenture and Digital Asset VMware Blockchain, along with partners such as Accenture and Digital Asset, are leading the way for financial services clients.

　　Our joint innovation with VMware in the blockchain space provides a new way to do business that benefits multiple industries," said Yuval Rooz, co-founder and CEO of Digital Asset. participants in the same workflow. Now, even competitors can collaborate on a trusted, privacy-enabled distributed ledger."

　　VMware and Digital Asset have also been working with highly innovative customers, including Broadridge Financial Solutions and the Australian Securities Exchange (ASX), that have a resilient need for enterprise-class technology.

　　Broadridge Financial Solutions is a well-known global fintech company that processes trillions of dollars in transactions for thousands of corporate organizations each year. Broadridge is committed to developing blockchain-based solutions to enable the transformation of our capital markets infrastructure," said Horacio Barakat, head of Broadridge's DLT Repo business. market infrastructure transformation, helping our customers improve operational efficiency and create new opportunities. vmware blockchain provides us with a platform to model and execute multi-party protocols on a scalable Byzantine fault-tolerant platform to create a unified, shared and trusted source of real information, automate and digitize the repo process and reduce reconciliation efforts."

　　As one of the top 10 listed exchanges in the world, the Australian Stock Exchange relies on its infrastructure to execute millions of transactions each month for hundreds of thousands of investors. The ASX needed a new solution to support the growing volume of trades and enable secure data sharing to protect customer privacy. This partnership combines VMware Blockchain and Digital Asset's expertise in smart contracts and distributed ledger technology to help us transform and modernize Australia's financial market infrastructure," said Dan Chesterman, Chief Information Officer of the Australian Securities Exchange. Upgrades. DLT can help financial services companies transform data, protect privacy and confidentiality, and replace manual processes in the industry."

　　David Treat, senior managing director and global head of blockchain and multi-party systems at Accenture, said, "By unlocking the true potential of data in the digital world, multi-party systems powered by blockchain are reshaping the industry and changing the way companies work together. It is reshaping financial services, for example by changing the way transactions are executed, from payments to post-trade processing. With the powerful technology of VMware and Digital Asset, coupled with Accenture's deep industry knowledge, we offer capabilities that enable customers to scale to new products and services while optimizing operations as they develop, manage and deploy complex multi-party workflows."