VMware Research, Blockchain: Disrupting the Fintech

VMware® Research

Introduction

VMware Research views the Blockchain disruption with serious interest.

Summary

Details

Driving the Blockchain technology is a core mechanism for consistently and irrevocably storing a sequence of blocks, without which the entire treatment collapses. Today, as serious institutions in the financial world come in the Blockchain technology arena, there is a clear departure from the BitCoin blockchain.

Inject VMware: VMware is actively participating in advancing the infrastructure underlying the Blockchain technology in order to provide the most secure, reliable, and scalable Blockchain platforms.

In order to eliminate existing barriers for adoption, there is a clear need for building sturdy and secure high-throughput, high capacity distributed ledger technologies that rely on careful distributed-system design and strong engineering.

VMware is partnering with members of the Linux Foundation Hyperledger project in order to align with industry APIs and standards.

Our unique vision centers around five points:

  • permission, private distributed ledgers, not Proof-of-Work.
  • high-throughput data replication, not quorum-based.
  • a world of many ledgers , not a global database.
  • seamless core cross-ledger transaction support, no escrow required
  • built-in reconfiguration capability and membership, not just authX/authZ

Atop a distributed ledger, which is the “ground truth” from which information is drawn, the fintech disruption occurs at two extra levels: Contracts, and Services.

  • Contracts: Broadly speaking, Contracts are formats for voicing secure business transactions. Contracts leverage the underlying ledger and anchor within ledger blocks. There is a growing interest in utilizing the protocol framework for a multiplicity of use-cases. One is carrying direct business-to-business deals without involving a trusted third part. Another is to assume there is a settlement agency involved, and use Contracts to facilitate a quick turnaround and versatility in voicing transactions.
  • Services: Having a Blockchain of transactions opens access to data which was not accessible before. There are a lot of potential services and applications that can be built to make use of the data: Business analytics, prediction contraptions, private management apps, identities, and many many more.

VMware Research, Blockchain: Disrupting the Fintech

VMware® Research

Introduction

VMware Research views the Blockchain disruption with serious interest.

Summary

Details

Driving the Blockchain technology is a core mechanism for consistently and irrevocably storing a sequence of blocks, without which the entire treatment collapses. Today, as serious institutions in the financial world come in the Blockchain technology arena, there is a clear departure from the BitCoin blockchain.

Inject VMware: VMware is actively participating in advancing the infrastructure underlying the Blockchain technology in order to provide the most secure, reliable, and scalable Blockchain platforms.

In order to liquidate existing barriers for adoption, there is a clear need for building sturdy and secure high-throughput, high capacity distributed ledger technologies that rely on careful distributed-system design and strong engineering.

VMware is partnering with members of the Linux Foundation Hyperledger project in order to align with industry APIs and standards.

Our unique vision centers around five points:

  • permission, private distributed ledgers, not Proof-of-Work.
  • high-throughput data replication, not quorum-based.
  • a world of many ledgers , not a global database.
  • seamless core cross-ledger transaction support, no escrow required
  • built-in reconfiguration capability and membership, not just authX/authZ

Atop a distributed ledger, which is the “ground truth” from which information is drawn, the fintech disruption occurs at two extra levels: Contracts, and Services.

  • Contracts: Broadly speaking, Contracts are formats for voicing secure business transactions. Contracts leverage the underlying ledger and anchor within ledger blocks. There is a growing interest in utilizing the protocol framework for a diversity of use-cases. One is carrying direct business-to-business deals without involving a trusted third part. Another is to assume there is a settlement agency involved, and use Contracts to facilitate a rapid turnaround and versatility in voicing transactions.
  • Services: Having a Blockchain of transactions opens access to data which was not accessible before. There are a lot of potential services and applications that can be built to make use of the data: Business analytics, prediction devices, individual management apps, identities, and many many more.

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