System and method for managed server independence for deployment of software applications and libraries

In accordance with an embodiment, described herein is a system and method for managed server independence for deployment (MSI-D) of software applications and libraries, for use in a cloud computing, application server, or other environment. Software applications or libraries can be prepared for deployment as multi-version format application(s) or library(s). A deployment configuration tool enables use of an input file which specifies one or more deployment configuration overrides data that provide additional pieces of information for each MSI-D/multi-version format application and library. A managed server can independently poll for changes to the deployment configuration overrides, for example to update one or more of its deployed applications or libraries, from a first version to a second version. The system can be used to provide eventual consistency of the deployed application and library versions within a plurality of managed servers.