VMware: Blockchain for Ethereum Wins Customers and Creates Momentum for the Ecosystem

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To drive enterprise adoption of Ethereum, VMware has launched VMware Blockchain for Ethereum, available in beta. Two months after its debut, 100 customers are participating in the beta program. Today, VMware is announcing new enterprise features for an upcoming VMware Blockchain for Ethereum beta. Additionally, VMware is announcing strategic customer Tel Aviv Stock Exchange as well as new integrations with Fireblocks and Web3 Labs – which innovate with VMware’s Ethereum-enabled blockchain platform.

Blockchain technology offers a revolutionary business transformation opportunity for enterprises by enabling them to create distributed network ecosystems, multi-party applications and digital asset experiences. VMware Blockchain for Ethereum builds on VMware’s enterprise blockchain platform to enable enterprises to easily build, efficiently operate, and rapidly scale Ethereum-based blockchain networks. It also gives customers flexibility and choice by adding support for Ethereum on top of its existing support for the Daml smart contract language.

“VMware Blockchain’s Strong Response to EthereumbetaThe launch is a testament to the vision we have set for ourselves as a company: To bring enterprise-grade blockchain technology to the biggest companies and brands on the planet. We are proud to have leaders like the Tel Aviv Stock Exchange, Fireblocks, Web3 Labs on this journey with us,” said Kit Colbert, Chief Technology Officer, VMware.

Customer co-innovation

The Tel Aviv Stock Exchange and the Israeli Ministry of Finance will prepare for the issuance of government bonds on a new blockchain platform. Project Eden is a pilot issuance of digital government bonds by digital asset technology leaders, VMware and Fireblocks.

“The Tel Aviv Stock Exchange is proud to partner with VMware and Fireblocks to create a globally recognized digital asset exchange to issue and trade tokenized government bonds and other digital assets in the future. The platform transformational platform will be based on leading blockchain, smart contract, and tokenization technologies.We chose VMware Blockchain as the proven blockchain foundation to exceed stringent business requirements and scale TASE’s five-year strategic plan. form should benefit the exchange, its custodians and their customers by reducing costs, shortening the time periods involved in issuing and clearing government bonds, increasing transparency and reducing risk” said Orly Grinfeld, senior vice president of clearing at the Tel Aviv Stock Exchange.

Ecosystem integrations

VMware is pleased to announce two new strategic integrations with VMware Blockchain for Ethereum customers to leverage to rapidly build end-to-end solutions.

Fireblocks is an award-winning digital asset and crypto technology platform used by over 1,500 clients. Fireblocks supports VMware Blockchain for Ethereum for institutional level, issuance, exchange and custody of digital assets.

“Leveraging the technical and security expertise of Fireblocks and VMware, regulated financial institutions such as the Tel Aviv Stock Exchange can securely issue, store and transfer digital assets without compromising operational efficiency for customers and sales teams,” said Michael Shaulov, CEO. at Fireblocks. “As the world continues to digitize, it is essential to have a reliable, reliable and scalable technology layer so that enterprise customers can integrate their large-scale digital asset operations in fast-growing markets.”

Web3 Labs is a leading Web3 and blockchain technology and strategy company specializing in enterprise solutions. Their Web3j library makes it easy to build Ethereum applications with the Java platform. Since its inception in 2016, it has been downloaded over two million times and is widely used in a number of enterprise blockchain initiatives, from building next-generation financial market infrastructures to identity platforms. . Alongside their Eprirus data and analytics platform, which is coming to VMware Blockchain, Web3j provides key infrastructure to integrate blockchain networks into the enterprise.

“We are extremely excited to partner with VMware, a world-class software brand to drive enterprise adoption of the Ethereum technology stack. VMware Blockchain for Ethereum supports Web3j out of the box. This enables developers Java to work with Ethereum blockchains, without the We look forward to deeper integrations with VMware Blockchain in the future,” said Conor Svensson, Founder and CEO of Web3 Labs and best-selling author of The Blockchain Innovators Handbook.

What’s new in the next beta

Designed for enterprise use cases, VMware Blockchain for Ethereum is an EVM-enabled platform that will deliver high-throughput performance, unique ZKP-based programmable privacy capabilities, enterprise-grade operations, and governance features.

In the upcoming beta (1), VMware continues to fill the gaps of enterprise Ethereum with two new features:

Privacy SDK

The beta will introduce a privacy SDK allowing developers to build and test an end-to-end private token transfer dApp. The SDK consists of a client-side Zero Knowledge Proof library that interacts with on-chain Solidity token contracts using standard JavaScript integration libraries such as Ethersjs or Web3js. Token contracts can be modified to change token details, token supply, and privacy budgets. The SDK enables Zero Knowledge proof generation, and on-chain token contracts leverage precompiled contract code to perform proof validation. With this approach, the complexity of Zero Knowledge Proof cryptography is taken away from developers, allowing them to focus on dApp and token design.

Governance controls

VMware’s approach is to leverage both smart contract-based governance actions to control network membership, as well as a powerful BFT reconfiguration framework. This allows upgrades, key management, adding/removing consensus members, and other operational tasks to be performed in a reliable and authenticated manner (i.e. operations performed with guarantees byzantine trusts by a set of unreliable operators). Together, these approaches will provide enterprise customers with rich yet easy-to-use governance features that meet most business needs.

The beta release supports standard Ethereum APIs, commonly used developer tools like Truffle, Hardhat, Remix, Web3j, Ethersjs, and wallets like MetaMask and Fireblocks to enable a seamless developer experience. To get started quickly, Solidity developers can deploy the new VMware Blockchain SDK for Ethereum on their local machine or a Linux virtual machine on any cloud platform.

Join the beta program

Customers interested in joining the VMware Blockchain for Ethereum beta program, click here to register. Visit our blog for more information on VMware Blockchain for Ethereum, click here.

(1) VMware Blockchain’s next beta for Ethereum is expected in VMware’s Q4 FY23.

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