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VMware Blockchain Is Now In The Beta Phase

VMware announced the beta version of VMware Blockchain service.

VMware announced the beta version of VMware Blockchain Service.

Organizations are still not clear how to leverage and deploy blockchain as a part of their IT strategies to deliver on their business goals. This is despite the fact that blockchain technologies are getting popular day by day.

While blockchain is gaining popularity in companies worldwide, enterprises are working to find resources to deploy and manage blockchain and determine how blockchain fits into the overall IT strategy. VMware announced their beta version of VMware blockchain which is essentially a permissoned blockchain. Permissioned blockchains are closed loop where all stakeholder are already known to the operating environment, hence more secure than public blockchain.  while delivering enterprise-grade .

Permissoned blockchians are more geared towards enterprise usages where decentralized trust mechanism demands scalability, reliability, security and manageability. VMware Blockchain will provide the foundation for decentralized trust for enterprises. The service will be integrated into existing VMware tools to help protect the network and compute functions that underlie a true enterprise blockchain.

VMware is harnessing their partners such as Dell Technologies, Deloitte and WWT to develop and support VMware Blockchain. IBM Cloud for VMware Solutions will also support VMware Blockchain
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According to announcement, VMware Blockchain is being designed to solve challenges in three key areas:

  • True decentralized trust, with the ability to deploy nodes across multiple different cloud environments including on-premises managed nodes;
  • Robust day-two operations, supported by VMware Blockchain’s availability as a managed SaaS platform, single pane of glass management interface and enterprise monitoring and auditing tools
  • Developer-friendly offerings, which includes tooling for smart contract CI/CD; rich developer guides, API documentation and sample code and an open source foundation in Project Concord.

Executive Opinion

Chief executive officer(CEO), VMware,Pat Gelsinger, said, “Tech innovation is vibrant across Europe, the Middle East and Africa and is leading the way to shape the future in key areas such as 5G, IoT, Smart Cities, Data Privacy, amongst othersWith digital transformation underway worldwide, customers are increasingly relying on VMware to be their essential, ubiquitous digital foundation enabling their business transformation.”

VMware Blockchain will serve as a platform helping enterprise blockchain consortiums from conception into full-scale production and still in its beta phase.

PC:pablo,pixabay

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Mandar Pise Opinions expressed by techsutram contributors are their own. More details

Mandar is a seasoned software professional & Fintech, Cloud, IoT, and Blockchain enthusiast. He writes to benefit others from his experiences. His overall goal is to help people learn about Fintech, Cloud, IoT, AI and Blockchain, and the effects they will have economically and socially in the future.

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