IBM Cloud launches enterprise-ready blockchain for Hyperledger Fabric
IBM has unveiled its new release of IBM Blockchain, the “first” enterprise-ready blockchain service based on the Linux Foundation’s Hyperledger Fabric version 1.0.
The service enables developers to build and host production blockchain networks on the IBM Cloud, and is underpinned by the IBM server LinuxONE.
This development follows on from late last year when IBM unveiled a blockchain ecosystem “to help accelerate the creation of blockchain networks” on Hyperledger.
In the latest announcement, Marie Wieck, general manager, IBM Blockchain, says its services are built on IBM’s High Security Business Network and “designed for organisations that require blockchain networks that are trusted, open and ready for business”.
Hyperledger is being developed by members of the Hyperledger consortium alongside other open source blockchain technologies. The consortium’s technical steering committee “recently promoted Fabric from incubator to active state and it is expected to be available in the coming weeks”.
The fabric is designed to provide a framework for building enterprise-grade blockchain networks that can “quickly scale” as new network members join and transact at rates of more than 1,000 transactions per second among large ecosystems of users.
It’s been a lively day for IBM.
It announced the “first commercially available” blockchain governance tools, and new open-source developer tools that automate the steps it takes to build with the Hyperledger Fabric from “weeks to days”.
The tools let users set up a blockchain network and assign roles and levels of visibility from a single dashboard. Network members can set rules, manage membership, and enforce network compliance once the network is up and running.
Elsewhere, IBM unveiled its IBM Cloud for Financial Services for creating finserv apps.
On top of all this, IBM also teamed with Wanda Internet Technology to enter the public cloud business in China. This will be done via a new firm – Wanda Cloud Company – built on the IBM Cloud Platform.