VMware announced VMware Blockchain, a digital foundation that businesses can trust to build business networks and deploy decentralized applications. VMware Blockchain provides an extensible and scalable platform to unlock data silos and free up data to flow securely, privately, and instantaneously.
With its layered architecture, VMware Blockchain decouples the ledger from the smart contract language. It also supports an open-source smart contract language, DAML, which is also created by VMware Blockchain technology partner, Digital Asset. The platform’s architecture also includes a virtual smart contract execution engine. The engine is designed to extend the platform to support additional smart contract languages.
VMware Blockchain’s Scalable Byzantine Fault Tolerance is an enterprise-grade consensus engine developed by VMware Research. It is designed to solve the problems of scale and performance. It also preserves fault-tolerance and defense against malicious attacks. Scalable Byzantine Fault Tolerance maintains decentralized trust and supports ongoing governance in multi-party networks. Brendon Howe, Vice President and General Manager, Blockchain, VMware, said,
“We have been focused on building an enterprise-grade blockchain platform that meets the most stringent application requirements of the financial services industry and other mission-critical distributed workloads that require reliable and high-performance blockchain services. VMware Blockchain delivers to customers the enterprise features they need for production today and the flexibility to adapt to future needs in the rapidly evolving blockchain space.”