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Hewlett Packard Enterprise to Launch Blockchain Product in 2018

Business technology firm Hewlett Packard Enterprise is launching a new blockchain service next year.

The formal reveal comes months after customers of the company – founded in 2015 after tech giant Hewlett Packard split in two – began software solutions built around the tech. Using distributed ledger startup R3’s Corda platform as an underlying basis, HPE is planning to offer services around payments and identity, among others. The two companies publicly unveiled their partnership in June.

The initial product offering, dubbed the “Mission Critical Distributed Ledger Technology,” is being pitched to enterprises as an extension of cloud-based services. It’s also the first of what HPE indicated will be a number of product offerings that utilize blockchain.

“Enterprises interested in blockchain are realizing that public cloud alone does not always meet their non-functional requirements,” the firm’s blockchain director, Raphael Davison, said in a statement.

According to Fortune, HPE has already sold some versions of their produced privately to financial services companies.

Though an exact launch date wasn’t set, HPE indicated that it would come in “early 2018.” Additionally, the firm said that additional clients could gain access to testing environments later this year.

HP Enterprise image via Sergiy Palamarchuk / Shutterstock

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Enterprise Ethereum Alliance Adds 48 New Members

Forty-eight companies have joined the Enterprise Ethereum Alliance, including Hewlett-Packard spin-off HP Enterprise (HPE).

The list of new members is varied, drawn from the blockchain startup ecosystem as well as the IT, finance and academic worlds. Among the new members is the University of New South Wales, which this week unveiled a new consumer loyalty research initiative that sees it offering the cryptocurrency ether as a reward for purchases. In total, 200 firms are now taking part in the initiative.

It’s perhaps unsurprising that HPE would throw its weight behind the EEA, given its recent moves around the technology. As previously reported, HPE worked with distributed ledger startup R3 to develop new solutions for its client base, and by August had already begun testing with some of its customers.

Markus Ogurek, HYPE’s global financial services industry lead, said in a statement:

“Joining the EEA is a significant step for Hewlett Packard Enterprise in making blockchain enterprise-ready and accelerating our customers’ journey to production.”

First revealed in January, the EEA formally debuted in late February with the backing of major firms like JPMorgan Chase, British Petroleum (BP), Microsoft and a number of other established companies and blockchain startups.

Since then, it’s attracted new members like Japanese teleccom KDDI, the government of the Indian state of Andhra Pradesh and Sberbank, Russia’s largest banking firm.

Image via Shutterstock

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at news@coindesk.com.