Connect with us

Company News

Tech Giant Dell To Look At Leveraging Blockchain In India

Tech giant, Dell has announced that it is planning to look at leveraging blockchain by introducing products that are enabled by the technology.

Apart from blockchain, the company has also identified areas such as cloud-compliance,  artificial intelligence (AI) and data analytics, which will help the company to retain its edge.

The senior director and general manager at Infrastructure Solutions Group, Dell EMC India, Manish Gupta, told the portal Economic Times, “The clients that we work with are looking to tap these technologies, which is why we are bringing in servers that allows them to optimise on traditional workloads as well as invest into new age workloads such as cloud, artificial intelligence, analytics and blockchain.”

According to the portal, the company’s servers and networking business reportedly drew a revenue of $5.1 billion in Q2 2018, which was a 34 percent increase from the same time, last year.

Gupta further told the portal most of their demands are coming from information technology (IT)-enabled services, financial services, banking, among others. He added, “With the launch of our new servers PowerEdge MX, we are aiming to bring in modern architecture along with scalability.”

Not for the first time, have computer companies considered leveraging blockchain, to stay relevant. Earlier this year, another technology giant, IBM stated it had some plans to leverage blockchain in its multiple project.

In fact, earlier this month, IBM, declared the launch of blockchain-framework for the zone of cross-border payments based on the Stellar Protocol. With the Stellar Protocol, the “Blockchain World Wire system” enables financial institutions to make immediate clear and cross-border payments. Benefits of the IBM platform include low cost, transparency, better execution, improved payment system and superior security.

In March, IBM had signed a Memorandum of Understanding (MoU) with an Indian company JM Baxi to revolutionize in various national and international projects by bringing about joint expertise in fields such as technology, domain knowledge and techno-functional expertise. – Crypto News

Click to comment

You must be logged in to post a comment Login

Leave a Reply

 

Copyright © 2022 Communications Today

error: Content is protected !!