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VMware Blockchain was made commercially available 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 for secure, private and instant flow.
“We have focused on building an enterprise-grade blockchain platform that meets the financial services industry’s most stringent application requirements and other mission-critical distributed workloads that require reliable, high-performance blockchain services. VMware Blockchain offers customers the business functionality they need for production today and the flexibility to adapt to future needs in the rapidly changing blockchain space, ”says Brendon Howe, VMware vice president and general manager of blockchain.
VMware provides a number of operational capabilities, including ease of deployment, monitoring, management, upgradeability 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-grade consensus engine developed internally by VMware Research, is designed to address scale and performance issues in blockchain solutions while preserving fault tolerance and defense against malicious attacks.
SBFT maintains decentralized trust and supports ongoing governance in multi-party networks.
As an enterprise-grade platform for multi-party processes, VMware Blockchain offers a unique advantage of a multi-layered architecture that separates the ledger 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 execution engine designed to easily extend the platform to support additional smart contract languages.
“Our co-innovation with VMware on blockchain offers a new way of doing business that can benefit a range of industries,” said Digital Asset co-founder and CEO Yuval Rooz, co-founder and CEO of Digital Asset.
“VMware Blockchain integrated with Digital Asset’s DAML smart contracts ensures privacy between participants in the same workflow. Now even competitors can collaborate on a distributed ledger with confidence and privacy. “
VMware and Digital Asset also partner with clients, including Broadridge Financial Solutions and Australian Securities Exchange (ASX), who require enterprise-grade resilient technology as a foundation.
Broadridge Financial Solutions, recognized the need for an enterprise-grade blockchain platform to support its Distributed Ledger Technology Repurchase 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, which enables the automation and digitization of repo processes and reduces reconciliation efforts, ”says Horacio Barakat, head of Broadridge Financial Solutions DLT Repo.
