Hewlett Packard Enterprise will introduce a product known as OneSphere which assists business organizations in tracking when their employees make of public cloud services such as Amazon Web Services. The trademark application for OneSphere was filed late last month by HPE and a description of it revealed it will help companies reduce how much they spend on public cloud services.
OneSphere will also be useful with regards to moving applications across different computing environments say from a private data center to Microsoft Azure. This comes more than one year since HPE shuttered its public cloud services. The launch of OneSphere will however not be an entirely new direction for HPE since some of the software products it sells use the phrase ‘cloud management’.
This comes less than a week since HPE launched a product which assists businesses make use of blockchain. The product will help major enterprise clients who include financial institutions gain the ability to apply blockchain technology on a bigger scale than is possible at present with other blockchains such as Ethereum and Bitcoin. For instance it takes about 10 minutes for a Bitcoin transaction to be processed since miners have to generate the so-called ‘block’ and then record the transfer. Ethereum also suffers from a limited capacity as during times of high demand it tends to buckle.
To solve these challenges HPE will offer its own distributed ledger technology beginning next year. Companies will have the option of obtaining hardware necessary for running their blockchain operations or they can choose to implement it in the cloud.
Secure and reliable
According to the blockchain global director at HPE, Raphael Davison, though the technology will turn out to be as revolutionary as the internet in its current form there are issues preventing its adoption namely security and reliability.
“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,” said Davison.
Per Davison, one of the ways HPE’s blockchain technology will be different from say Bitcoin is that it will offer privacy and confidentiality. In the case of Bitcoin, records of payments are public and this is a problem for enterprises as they could tip off their rivals whenever they make key deals and purchases. HPE’s blockchain technology will thus use the Corda ledger, a product of R3, a financial consortium, and which is suitable for use by banks as the records are kept private and only shared with authorized parties.