Hewlett Packard Enterprise (HPE) is going to launch a blockchain-based offering that will allow enterprise customers to use the technology on a much larger scale as compared to popular blockchains, such as bitcoin and Ethereum, Fortune reported.
Built on R3’s Corda platform, the new “blockchain-as-a-service” would keep the records private. This means that parties would be able to see only their transactions with an authorized counterpart.
Raphael Davison, HPE’s worldwide director for blockchain, pointed out that while bitcoin was “blockchain 1.0,” and has attracted a lot of interest, there are issues relating to reliability, security, and scalability.
“One client said they needed a 1,000-times increase in the transaction output before they could implement it. So the enterprise people are saying and even the Ethereum people are saying this doesn’t scale,” he said. HPE is catering to “blockchain 2.0, which is enterprises transacting with enterprises, and they have a different set of requirements.”
According to Fortune, HPE plans to start selling its Mission Critical distributed ledger technology (DLT) next year. While the company already has a number of customers in the financial services industry using its DLT offering, it is seeking to cater other industries as well, such as airlines, automakers, and manufacturers.
Earlier this year, HPE partnered with R3 to bring Corda to Mission Critical HPE Systems. The objective was to bring the Technology to workloads that must run at enterprise scale. More recently, the company became a member of the Enterprise Ethereum Alliance (EEA).
