VMware Recognized by Frost & Sullivan for Customers Launching New Business Ecosystems at Scale with its Enterprise-Grade Blockchain Platform

Based on its recent analysis of the Global Blockchain Services space, Frost & Sullivan recognizes VMware with the 2022 Customer Value Leadership Award for creating an enterprise grade-blockchain that allows companies to deploy multi-party applications with a range of popular smart contract languages. VMware is a leading multi-cloud and application technology provider with over 20 years on the market, enabling digital innovation and improving business performance with best-in-class solutions.

VMware is a leading provider of multi-cloud services for all apps, enabling digital innovation with enterprise control. The company works to harness the next wave of innovation and help solve customers' toughest challenges through disruptive technologies, such as artificial intelligence (AI), blockchain, edge computing, and machine learning.

"Creating a private permissioned blockchain based on Byzantine fault-tolerant state machine replication, VMware's architecture facilitates enterprises to run distributed, multi-party applications in multiple smart contract languages, with network trust and resilience built in," said Nick J. Baugh, Industry Analyst at Frost & Sullivan. "VMware Blockchain thus equips enterprises with a robust and highly efficient platform that does not suffer the main drawbacks of alternative blockchain models. Compared to other blockchain models, such as proof-of-work mechanism, VMware's approach is highly efficient and sustains massive numbers of nodes and data transactions."

Each year, Frost & Sullivan presents this award to the company that demonstrates excellence in implementing strategies that proactively create value for its customers, focusing on improving the return on the investment that customers make in its services or products. The award recognizes VMware's unique focus on augmenting its customers' value, beyond simply good customer service, leading to improved customer retention and customer base expansion.

Frost & Sullivan Best Practices Awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

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