U.S. business IT giant Hewlett Packard Enterprise (HPE) is launching a new offering it refers to as “blockchain as a service,’” according to a report by Fortune.
Currently, HPE provides large companies and organizations with cloud solutions, Internet of Things (IoT) products, and data centers. It will add blockchain as a new option to its list of products and services, which suggests that big corporations will be able to take advantage of distributed ledger technology (DLT).
Raphael Davison, global director for blockchain at HPE, said that he considered blockchain as important and disruptive as the Internet.
According to him, HPE’s blockchain technology will be more advanced than the one behind cryptocurrencies like Bitcoin or Ethereum. He said we could view those versions as blockchain 1.0. However, companies and central banks are not ready to embrace this type of technology because they don’t consider it safe. Davison added:
“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.”
This is the space targeted by HPE, which aims to offer a more efficient and secure version of DLT, or what Davison calls “blockchain 2.0.” This system will facilitate transactions between companies, whose standards differ from those of Bitcoin. For instance, HPE’s blockchain technology, which is based on R3’s Corda ledger, will store the records privately so that customers will need an authorized member to access transaction data.
We reported earlier that R3 had launched a new version of its Corda platform.
Starting in 2018, HPE will sell its advanced blockchain version, Mission Critical, to financial institutions. However, the company wants to gradually move to other industries, such as airlines, manufacturers, and car makers.
Davison anticipates that the technology will later progress to “blockchain 3.0,” which will create an interconnected system of devices. HPE recently demonstrated how one of its applications utilized Ethereum protocol to enable a robot vacuum cleaner to purchase electricity and recharge itself, Fortune added.
Recently, HPE became part of the Enterprise Ethereum Alliance (EEA).