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8 November
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Global software company providing IT-cloud solutions, VMWare, has revealed its new product — VMWare Blockchain, a new blockchain-as-a-service for enterprises, ComputerWeekly reports.

The VMWare CTO, Ray O’Farrell, said:

“Our financial customers want to use blockchain in a commercial environment. When you want to put blockchain in production you still have to make sure it is secure and can be audited.”

It’s also said that the product would focus on providing decentralized trust & delivering enterprise-grade scalability, security, and reliability. VMWare Blockchain will be synchronized with all existing VMWare tools in order to help secure the network.

Previously, Bank of America presented a research in which it stated that tech giants like VMWare can get billions of dollars from blockchain adoption.

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