VMware Blockchain Brings Ethereum to the Enterprise – VMware News and Stories
The Ethereum technology stack—from EVMs, smart contracts, APIs, developer tools, and its overall ecosystem—is the broadest and most mature stack on which to build blockchain networks. Still, there are several critical gaps that Ethereum platforms have that make them difficult to adopt for enterprise use, such as a lack of robust privacy and scalability for complex workloads, governance mechanisms, and enterprise-class operational support capabilities. To address these gaps, VMware is launching VMware Blockchain for Ethereum, available now in beta.
Blockchain technology provides a revolutionary opportunity for business transformation for enterprises by allowing them to build distributed network ecosystems, multi-party applications and experiences of digital assets. The beta version of VMware Blockchain for Ethereum builds on VMware’s enterprise blockchain platform for businesses to easily build, efficiently operate and rapidly scale Ethereum-based blockchain networks. It also gives customers flexibility and choice by adding Ethereum support in addition to existing support for the Daml smart contract language.
“Over the past few years, we’ve seen application architectures evolve from being monolithic to being distributed,” said Kit Colbert, VMware CTO. “We are on the way to a new evolution in application architecture: decentralized applications running on blockchains that will power new multi-party workflows. To enable our enterprise customers to leverage this evolution, we are building VMware Blockchain for Ethereum, the first enterprise-focused The Ethereum stack with built-in privacy-preserving functionality We are proud to have Bank of Israel and Infosys as early adopters of the technology.”
Built for enterprise use, VMware Blockchain for Ethereum is an EVM-compatible platform that will provide high performance, unique ZKP-based programmable privacy features, enterprise-class operations and governance capabilities. The beta will support standard Ethereum APIs, commonly used development tools like Truffle, Hardhat and Remix, and wallets like MetaMask to enable a seamless developer experience. To get started quickly, Solidity developers can deploy the new VMware Blockchain for Ethereum Developer Kit on their local machine in addition to vSphere and AWS cloud environments.
Customer Co-innovation
Since its launch in 2020, VMware Blockchain has given a digital foundation to customers such as ASX and Broadbridge to power multi-party ecosystems that generate new revenue, increase efficiency and maintain a competitive edge.
The Bank of Israel is among the first customers to co-innovate with VMware Blockchain’s privacy-preserving functionality in a recent assessment of technologies for its Digital Shekel Project, or CBDC.
“One of the six motivations the Bank of Israel has identified for a possible issuance of a digital shekel or CBDC is to enable the public to pay digitally while maintaining a limited level of privacy,” said Yoav Soffer, Advisor to the Deputy Governor, Bank of Israel. “The bank tested an innovative technology developed by VMware, which enables decision-makers to define a periodic amount of digital payments that can be made anonymously. VMware was an excellent partner to explore how technology could support policy goals in the future monetary system. Our joint journey in exploring VMware Blockchain and privacy protection technology was fascinating.”
Partner solutions
VMware partnered with Infosys, a leading global systems integrator and an industry leader in enterprise blockchain development. Infosys was one of the early adopters of VMware Blockchain for DAML and is now the first partner to develop a solution on VMware Blockchain for Ethereum. Expanding its vast expertise in developing enterprise blockchain solutions, Infosys developed a Vital Records Management Solution on VMware Blockchain for Ethereum. This offering will help government customers modernize records management and provide a superior digital experience for their citizens. The offer is available to customers as a free 60-day trial to try before use.
“Infosys is very pleased to be the first partner to develop a critical vital records verification application on the VMware Blockchain. This offering will enable government agencies worldwide to reduce reliance on manual paper record processes, reduce fraud and lower operational costs, while offering superior citizen-centric experiences,” said Gopikrishnan Konnanath, Senior Vice President, Global Head – Engineering Services and Blockchain, Infosys.
Customers interested in joining the VMware Blockchain for Ethereum beta program, click here to apply. For more information on VMware Blockchain for Ethereum, please click here. Click here to know more about Vital Records Management Solution.
