MonthNovember 2020

VMware: Enterprise blockchain officially launched

Blockchain technologies have long been attractive for established companies too, after which they are used as an enterprise variant.

With its enterprise solution, VMware takes special expectations into account

For years, many companies were rather skeptical of the topic of enterprise blockchain . Recently, however, these blockages have dissolved more and more, which is due to the fact that many providers dispel concerns about the security of the infrastructure and have been able to convince companies of the many advantages of the decentralized ecosystem. In a press release The cloud computing and blockchain provider VMware informs about its new offer of such an enterprise platform.

The commercial availability of the VMware Blockchain offers companies a digital basis for building business networks and providing elementary applications on a decentralized basis. The Bitcoin Pro is also a scalable enterprise-class platform that makes data available for a secure, private and immediate workflow.

VMware has worked for several years to make this blockchain platform commercially available. Before that, it was already used in some special and extensive projects. One of them was the Australian Securities Exchange (ASX) ‘s CHESS settlement solution. Originally, the operators relied on the blockchain from Digital Asset. But now one falls back on the ledger from VMware, using the smart contract protocol DAML from Digital Asset.

We have focused on building an enterprise-class blockchain platform that meets the most stringent application requirements of the financial services industry […] that require reliable, high-performance blockchain services.

VMware has to hold its own against strong competition

Even if solutions in the field of enterprise blockchain are still new territory for many interested parties, the listed company VMware is already facing some competition with its offer. First and foremost, there is certainly the Hyperledger Fabric project . Its biggest sponsor, IBM, is certainly not what one calls a small IT dumpster. Ethereum and Corda’s R3 consortium are also shaking up the market. The question of how VMware would like to gain a foothold seems entirely justified. The company emphasizes that it will serve the very important and fundamental expectations of its clientele. Expandability, security, data protection, performance and scalability are definitely in focus.

The software is easy to implement, manage and update and also offers first-class support. The latter point is noteworthy. Product support is an extremely important point for the company’s blockchain. However, neither IBM nor R3 are beginners in this area.

After jumping to 15,000 – Bitcoin is now bigger than PayPal, Coca Cola, Netflix and Disney

The market value of Bitcoin has made a significant jump due to the recent price increase, which means that the cryptocurrency is now larger than many corporations.

At the beginning of September, the market capitalization of Bitcoin Investor was 190 billion US dollars, at that time the price of the cryptocurrency was just under 10,000 US dollars.

Two months later, BTC has now climbed to more than $ 15,000 , which in turn has catapulted market capitalization from $ 190 billion to $ 280 billion. Bitcoin is currently more valuable than many large American corporations.

Bitcoin moves up to 18th place

Compared with the listed companies in the USA, Bitcoin is currently the 18th largest company.

In 17th place is the American home improvement chain Home Depot, which has a market capitalization of 306 billion US dollars, while the telecommunications company Verizon ranks 18th with 242 billion US dollars.

Bitcoin is now pushing itself into the considerable gap between the two, with a market value of 280 billion US dollars, pushing the cryptocurrency to 18. With the exception of the top 17, this makes it larger than any other company in the USA.

Bitcoin has left some big names behind in the past few months, including Netflix, PayPal, Bank of America, Coca Cola, Salesforce, and Disney.

The largest US corporations by market capitalization

Nonetheless, Bitcoin continues to sit between the three largest financial institutions in the United States, Visa, Mastercard and JPMorgan. In order for the cryptocurrency to overtake all three, it would have to climb to a market value of US $ 23,000 or exceed a market capitalization of US $ 426 billion.

In order to catch up with Apple, the largest company in the world, Bitcoin would have to create a fabulous price of 120,000 US dollars. This is the only way to increase the tech company’s market capitalization of 2 trillion. US dollars to be caught up.

Bitcoin is becoming more and more attractive for investors

Meanwhile, the crypto analysts assume that Bitcoin will continue to soar in late 2020 and early 2021 and climb to a new record high.

In 2017, Bitcoin reached a record high 15 months after the “halving” of 2016, in which the block reward or the rate of increase in the amount of cryptocurrency in circulation is literally halved. The next “halving” followed in May 2020, making it all the more likely that there will be a new record high by mid-2021 at the latest, provided that past developments are repeated.

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