Your source for the latest unbiased crypto news.

Dell plans to introduce blockchain related product for the Indian server market

0 6

Dell EMC technology is looking into ways to introduce products with blockchain capabilities for the Indian server market as a future business prospect, reported Economic Times on September 26.

- Advertisement -

A list of key features which will be companies focus for the coming days includes artificial intelligence (AI), data analytics, cloud-compliance along with blockchain. As per the Economic Times report, Dell achieved the highest overall market share in the Indian server market in Q1 2018 with 28%, a progression from 19.4% in the previous quarter.

Manish Gupta, Dell EMC India’s senior director and general manager at Infrastructure Solutions Group, said to 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.”

The networking and server business of Dell accounted for a revenue of $5.1 billion in Q2 of 2018, with a 34% increase from last year.

- Advertisement -

According to Gupta, the demand for these products is particularly strong from, “IT-enabled services, banking, financial services and insurance (BFSI) sector and government.” He further added that focus towards blockchain has been piqued in India’s government, parallelly with BFSI sectors.

The Indian state of Telangana previously announced that they have been signing several memoranda of understanding (MoUs) with blockchain firms with an intention to implement them across various government sectors.

Currently, Reserve Bank of India has banned the banks from dealing with crypto related business, which is under discussion in countries highest court. The hearings are now in their final rounds.

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.