{"id":115291,"date":"2020-11-19T08:20:00","date_gmt":"2020-11-19T05:20:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dell-owned-vmware-launches-enterprise-focused-blockchain\/"},"modified":"2020-11-19T08:20:00","modified_gmt":"2020-11-19T05:20:00","slug":"dell-owned-vmware-launches-enterprise-focused-blockchain","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dell-owned-vmware-launches-enterprise-focused-blockchain\/","title":{"rendered":"# Dell-owned VMware launches enterprise-focused blockchain"},"content":{"rendered":"<p>&#8220;<strong># Dell-owned VMware launches enterprise-focused blockchain  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjAtMTEvMDZjOGU3NjItNjJlMS00ZmE1LWI0MmUtMDA2MzczYWYxYjE4LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Major cloud computing and virtual machine firm VMware has launched VMware Blockchain, an enterprise-ready blockchain platform.<\/p>\n<p>The billion-dollar company, owned by Dell, first teased the blockchain\u2019s development in 2018, through its <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/blogs.vmware.com\/opensource\/2018\/08\/28\/meet-project-concord\/\">Project Concord<\/a>, promising an enterprise-grade platform that can enable secure inter-organization data sharing.<\/p>\n<p>VMware joins the ranks of IBM and other global tech conglomerates that have launched their own blockchain platforms. The firm identified highly complex and fragmented multi-party enterprise workflows \u2014 resulting in delays, increased costs and hindered innovation \u2014 as a core problem they aim to solve with its blockchain solution.<\/p>\n<p>VMware Blockchain is now available for commercial use, after being tested by the Australian Stock Exchange (ASX). The ASX intends to replace its current CHESS system with the new platform , although this was recently delayed until April 2023. <\/p>\n<p>International fintech firm Broadridge Financial Solutions is using VMware\u2019s solution to develop \u201cblockchain-based solutions to transform capital market\u2019s infrastructure\u201d according to the Head of DLT Repo for Broadridge Horacio Barakat. He added that the platform enabled the company \u201cto model and enforce multi-party agreements on a Scalable Byzantine Fault Tolerant platform.\u201d<\/p>\n<p>The Scalable Byzantine Fault Tolerant consensus protocol mentioned, or SBFT, was developed internally by VMware as part of Project Concord. The firm has partnered with Digital Asset to incorporate Digital Asset Modelling Language smart contracts, an is also partnering with service partners such as Accenture, Infosys, and Intellect EU.<\/p>\n<p>The cloud computing company started in 1998 and reported a revenue of $10.6 billion in the 2020 fiscal year.<\/p>\n<p>Last year, VMware CEO Pat Gelsinger condemned Bitcoin as being \u201cbad for humanity\u201d, claiming it is primarily used for illicit activities and has far too high energy consumption requirements. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/dell-owned-vmware-launches-enterprise-focused-blockchain\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Dell-owned VMware launches enterprise-focused blockchain &#8221; Major cloud computing and virtual machine firm VMware has launched VMware Blockchain, an enterprise-ready blockchain platform. The billion-dollar company, owned by Dell, first teased the blockchain\u2019s development in 2018, through its Project Concord, promising an enterprise-grade platform that can enable secure inter-organization data sharing. VMware joins the ranks&#8230;<\/p>\n","protected":false},"author":1,"featured_media":115292,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/06c8e762-62e1-4fa5-b42e-006373af1b18.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,75885,117,74657,4965],"class_list":["post-115291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-enterprise","tag-business","tag-dell","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/115291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=115291"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/115291\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/115292"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=115291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=115291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=115291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}