Dell-owned VMware launches enterprise-focused blockchain

Dell-owned VMware launches enterprise-focused blockchain

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’s development in 2018, through its Project Concord, promising an enterprise-grade platform that can enable secure inter-organization data sharing.

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 — resulting in delays, increased costs and hindered innovation — as a core problem they aim to solve with its blockchain solution.

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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.

International fintech firm Broadridge Financial Solutions is using VMware’s solution to develop “blockchain-based solutions to transform capital market’s infrastructure” according to the Head of DLT Repo

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