The document discusses the Waratek Cloud VM for Java, which introduces genuine elastic multitenancy by allowing Java applications to run in lightweight Java Virtualization Containers (JVCs) that share the host JVM environment. This technology enables precise metering of compute usage and real-time allocation of resources, aiming to optimize resource usage by supporting a pay-as-you-consume model. The platform is designed to be binary compatible with existing applications while offering extensibility and scalability for various use cases.