Dell Plans To Hold Leadership In Market With Help Of Blockchain
Dell will work on blockchain-based products in order to maintain its leadership in the computer manufacturing market in India, Economic Times India reports.
The team of Dell has called blockchain, artificial intelligence, data analytics, and cloud technologies among the main directions of the company’s development in the near future. According to Economic Times India, the company owned the largest share of 28.3% in the computer manufacturing market of India for the first three months of 2018, almost 10% more than in Q4 2017.
Dell customers are increasingly using innovative solutions, so processors that can sustain the workload from blockchain, artificial intelligence, and cloud technologies are needed, Manish Gupta, a representative of Dell EMC India, stated.
The corporation's revenue in Q2 2018 was $5.1 billion, which is 34% more than for the same period in 2017. This profit became possible largely owing to the developing IT sector, the insurance market, financial and banking services, as well as the attention of the country’s government to the development of blockchain technology.
As previously reported, the government of India, in cooperation with the IT company Tech Mahindra, plans to build a blockchain city district in Hyderabad, the capital of Telangana. Agreements on cooperation will be signed with the blockchain startups to apply the distributed ledger technology in the sphere of public services.