Tech giant Dell EMC Technologies has revealed that it will explore blockchain technology in a bid to continuing leading service providers in the Asian nation. According to Economic Times India, Dell has identified Blockchain, Data Analytics, Artificial Intelligence, and Cloud Compliance as major areas where it can improve its service to clients.
Such improvements will enable Dell to retain its position as the highest overall server market share holder in India. In Q1 2018, Dell’s market share of the Indian server market was 28.3% which represents an over 40% increase from the last quarter, 19.8%.
Meeting The Growing Demand
Client’s demand of the Indian server market is the reason why DELL is embracing new technologies as Manish Gupta, senior director, and general manager at Infrastructure Solutions Group stated.
“The clients that we work with are looking to tap these technologies, which is why we are bringing in servers that allow them to optimize on traditional workloads as well as invest into new age workloads such as cloud, artificial intelligence, analytics, and blockchain,” Gupta said.
On a global scale, DELL’s server and networking business raked in a $5.1 billion revenue in the second quarter of 2018. This was also a 34% improvement from revenue realized in the same quarter last year.
Encouraging Innovative Technologies
Even though the government of Indian has maintained a tough stance against cryptocurrencies, the country has always opened its arm to welcome blockchain and other innovative technologies.
Gupta told Economic Times India that aside from “IT-enabled services, banking, financial services, and insurance (BFSI) sector,” the government has also shown an interest in blockchain technology.
Notably, the Indian state of Telangana revealed in July that it will sign several memoranda of understanding (MoUs) with blockchain firms, in a bid to eventually implement the technology across government services.
An interest in innovative technologies means that there is a huge chance that one day, the country’s judiciary make a decision to reverse the ban that it placed on local banks to stop dealing with crypto-related products.Never miss out on our daily crypto news, stories, tips, and price analysis. Join us on Twitter | Telegram | Facebook or subscribe to our weekly Newsletter.