Dell EMC Technologies, the tech giant plans to introduce products that have blockchain capabilities; in an attempt to maintain their hold as the leader on the Indian server market. Dell is striving to be a pioneer and has identified blockchain, artificial intelligence (AI), data analytics, and cloud-compliance as the key elements that will allow it to maintain an edge over its competitors.
According to a local news outlet the Economic Times India, during Q1 2018 Dell owned the highest overall market share of the Indian server market at 28.3 percent, up from 19.4 percent in the previous quarter. The publishing quotes Manish Gupta, senior director, and general manager at Infrastructure Solutions Group, Dell EMC India:
“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.”
Reportedly, Dell’s servers and networking business drew a revenue of $5.1 billion in Q2 2018, a 34 percent increase from the same quarter the previous year. Gupta added that the demand for these technologies is particularly strong from “IT-enabled services, banking, financial services, and insurance (BFSI) sector and government.” Furthermore, the country’s government have been keen to explore the blockchain technology alongside the BFSI sector.
The Indian state of Telangana announced earlier this summer that it would sign several memoranda of understanding (MoUs) with blockchain firms that would allow them to implement the technology across government services. Notably, the Telangana govt. collaborated with Tech Mahindra to launch India’s first ‘Blockchain District’
On one hand, Blockchain is inviting a lot of attention and on the other, the Supreme court of India is in the midst of reviewing the Reserve Bank of India (RBI)’s ban on banks’ dealings with crypto-related entities.