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VMware Blockchain Explained

VMware Blockchain

 VMware Blockchain is an enterprise-grade blockchain platform that enables multi-party workflows. It uses advanced techniques such as byzantine fault-tolerant state machine replication, authenticated data structures, and integration with smart contract execution engines to enable customers to build and run multi-party decentralized applications.

 Key VMware Blockchain capabilities include:

  • Consistency of data in the blockchain and resilience of the system.
  • Maintain privacy and a verifiable single source of truth for all parties to avoid the need to reconcile data.
  • Integration with smart contract languages to allow application developers access to all features and the platform while providing familiar interfaces such as the DAML Ledger API.
  • Operational simplicity around deployment, observation, upgradeability, and supportability.

VMware Blockchain Features : 

  • Blockchain features can resemble sections of a computer science textbook. Here, we briefly describe VMware Blockchain features and explain how enterprises can benefit from these features: 
  • tate Machine Replication: To ensure data consistency and resilience in even the most extreme failure scenarios, this Blockchain is built on Byzantine fault-tolerant state machine replication. Transactions coming into the platform are ordered through consensus and executed to change the state of the state machine. 
  • Privacy-aware Authenticated Key/Value Ledger: In order to prove facts about smart contracts on the platform and to allow access to a privacy-aware verifiable source of truth, VMware Blockchain stores the state of the blockchain in an authenticated key/value data structure. 
  • Deep Integration with DAML: With this release of this Blockchain, we support DAML dApps by natively integrating the DAML interpreter as a state machine in the platform. This gives customers developing DAML applications a consistent, highly available blockchain platform with a standard DAML Ledger API interface. We integrate and test these features, and VMware Blockchain production support includes support of the DAML interpreter and ledger API. 
  • Enterprise-grade Operational Capabilities: A consistent challenge that customers have shared with us is that deploying and supporting blockchain platforms is difficult and complex. With this, we reduce that complexity by leveraging the investment and familiarity enterprise customers already have in their existing software-defined infrastructure. Deployment of VMware Blockchain is simplified to a five-minute process, thanks to a user-friendly orchestration tool that instantiates nodes as virtual machines running on our core vSphere technology.
   Customers Benefiting from Adopting VMware Blockchain :

As one of the world’s top 10 listed exchange groups, the Australian Stock Exchange (ASX) executes millions of trades every month with hundreds of thousands of investors relying on its infrastructure. ASX required a new solution that would support increasing transaction volumes and enable secure data sharing that protects its customers’ privacy. “The combination of VMware Blockchain and Digital Asset’s expertise in smart contracts and distributed ledger technology is the right partnership to help us transform and modernize Australia’s financial market infrastructure,” said Dan Chesterman, chief information officer of ASX. “DLT can help financial services firms transform data, preserve privacy and confidentiality, and remove manual processes that exist in the industry.”
A well-known global financial technology enterprise that processes trillions of dollars in transactions annually for thousands of counterparties, Broadridge Financial Solutions, recognized the need for an enterprise-grade blockchain platform to underpin its Distributed Ledger Technology Repurchase Agreement (DLT Repo) solution. “Broadridge is focused on developing blockchain-based solutions to transform capital market’s infrastructure, and help our clients gain operational efficiencies and create new opportunities,” said Horacio Barakat, Head of DLT Repo for Broadridge Financial Solutions. “VMware Blockchain provides a platform for us to model and enforce multi-party agreements on a Scalable Byzantine Fault Tolerant platform. This creates a single, shared and trusted, source of truth enabling the automation and digitization of repo processes, and reducing reconciliation efforts.”

 Industry Experts and Proven Solution Partners :

Recognizing that blockchain requirements and needs vary across enterprises, we are partnering with industry experts and solution partners to accelerate the adoption of blockchain. A strategic technology partner, Digital Asset, is the creator of the open-source DAML smart contract language. DAML is a framework for building connected applications that span data silos and trust boundaries, changing how businesses collaborate across industries.
“Our co-innovation with VMware on blockchain provides a new way of doing business that can benefit a number of industries,” said Yuval Rooz, co-founder and CEO of Digital Asset. “VMware Blockchain integrated with DAML smart contracts from Digital Asset provides privacy between participants in the same workflow. Now even competitors can collaborate on a distributed ledger with both trust and privacy.”
We are partnering with services partners such as Accenture, Infosys, and Intellect EU with proven capabilities in Enterprise Blockchain and the Financial Services sector strategy assessment, solution design, building, and implementation.
“By unlocking the real potential of data in our digital world, multiparty systems, supported by blockchain, are reshaping industries and transforming the way companies work together. It’s reshaping financial services, for example, by reimagining how transactions are executed, from payments to post-trade processing,” said David Treat, senior managing director, Global Blockchain and Multiparty Systems Lead, Accenture. “Leveraging the powerful technologies from VMware and Digital Asset, combined with Accenture’s deep industry expertise, we’re providing these capabilities so clients can expand into new products and services while also streamlining operations as they develop, manage and deploy complex multiparty workflows.”

  VMware Has the Enterprise Mission at Its Core :

VMware Blockchain has, at its core, the enterprise mission. Recognizing the importance of innovation, engineering excellence, and day-2 operations, we enable enterprises to bring their blockchain solutions to production, backed by ease of deployment, monitoring, management, and world-class support.

To learn more about VMware Blockchain:

 

 


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