IBM has revealed the Blockchain as a service, for the first time, for enterprise solutions. It is based on the Linux Foundation’s open source Hyperledger Fabric version 1.0. The IBM Blockchain allows developers to deploy a very high speed and a highly secure network of business Blockchain network on the IBM cloud.
This allows for safe transactions on a large network. It is considered to be the world’s safest Linux infrastructure that is transparent and highly auditable. It incorporates tamper responsive hardware and is protected from inside attacks.
IBM currently has a lead on rivals and competitors as not many have the required skills or assets to develop this new technology. As it is still fairly unproven technology, many simply lack the stimulus needed to invest time and money into it. But with this announcement, IBM certainly has gained the edge over its competition.
This will also prompt companies and organizations to adopt the new technology with IBM spearheading the new technology. For the past year, IBM has been partnering up with organizations to allow its new Blockchain to enter the market and increase the spam of its own cloud network.
The companies it has partnered with contain the likes of Northern Trust, Walmart, Tokyo-Mitsubishi, Every ledger, and Maersk. The launch of a new digital identity network for Blockchain consumers in Canada was announced by IBM and SecureKey Technologies. It is currently in the testing phase and is expected to go live in the latter part of 2017.
In a deal with Energy Blockchain Labs, IBM also announced the world’s first green asset management platform based on its own technology. This is part of an effort to reduce the emissions problem in China. IBM is probably the best, and only, the entity to provide such solutions.