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After years of development, VMware on Wednesday announced the commercial availability of its blockchain platform. Distributed ledger technology aims to provide enterprises with a scalable and open source trust infrastructure for decentralized applications.
VMware first unveiled its blockchain game in 2018 under the name of Project Concord, promising to produce an enterprise-grade service that would enable reliable information sharing beyond the organization’s borders.
Key elements of VMware’s original corporate blockchain vision included the choice to deploy replicas of managed data in public or private clouds, audit and compliance capabilities, enterprise-grade security and fault tolerance, and integration with other VMware offerings.
At launch, the finished product includes many of the expected features as well as VMware’s specific architecture and operational capabilities, including VMware’s deployment, monitoring, management and support services. From an infrastructure perspective, VMware said its layered architecture separates the ledger from the smart contract language and also supports the open source smart contract language DAML.
The platform also features Scalable Byzantine Fault Tolerance (SBFT), an enterprise-grade consensus engine developed internally by VMware Research as part of Project Concord. The technology aims to address scale and performance issues in blockchain implementations while preserving fault tolerance and defense against malicious attacks, VMware said. The SBFT consensus mechanism also maintains decentralized trust and supports ongoing governance in multi-party networks.
VMware targets financial services, healthcare, and federal agencies as key customer markets for its distributed ledger technology.
“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 demand reliable, high-performance blockchain services,” said Brendon Howe. VP and GM of Blockchain for VMware. “VMware Blockchain offers customers the business capabilities they need for production today and the flexibility to adapt to future needs in the rapidly changing blockchain space.”
