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IBM Launches Enterprise-Ready Blockchain Service (IBM, MSFT)
20 March 2017, 06:35 | Jan Cross
IBM Launches Industry's First Enterprise-Ready Blockchain Service
Further boosting blockchain security, Big Blue has also entered into a partnership with SecureKey Technologies to create a digital identity and attribute sharing network within IBM's blockchain service.
The IBM High Security Business Network offer features such as tamper-responsive hardware security modules created to protect encrypted data for the storage cryptographic keys, and secure service containers for protecting code in blockchain applications by essentially encapsulating them I a virtual appliance. The firm, which recently took the axe to several staffers - although there were quite a few lining up for the chop - is looking after blockchain applications in the cloud for clients including startup Everledger as well as the Bank of Tokyo-Mitsubishi UFJ and Northern Trust.
As noted by the firm, blockchain is generally considered safe, but blockchain networks "are only as safe as the infrastructures on which they reside".
The new blockchain governance tools make it easy to 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.
On Monday at the IBM InterConnect conference in Las Vegas, IBM said that IBMBlockchain will provide a framework for corporate blockchain networks "that can quickly scale as new network members join".
Now, in a bid to make its technology one of the frontrunners in the commercial world, IBM has debuted a blockchain platform it is simply calling IBM Blockchain.
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Improvements to various APIs will also be included in this update, as well as the ability to have low-powered background apps. It appears that Android O is going to have the ability to sync across all devices, which would really be nice.
It added it was working with technology company SecureKey Technologies and a group of Canadian banks to build a digital identity network using its new blockchain services. Fabric Composer helps automate tasks that traditionally could take weeks, allowing developers to complete them in minutes.
Initially available in beta, the tools are created to simplify the time-consuming tasks of selection, mapping and data integration for firms when combining IBM services with their own data. Hyperledger Fabric is also available on Docker Hub as IBM-certified image available for download at no cost.
The network is now in the testing phase in Canada, and once it goes live later in 2017 Canadian consumers will be able to opt-in to the new service using a mobile app.
About IBMIBM is the leader in secure open-source blockchain solutions built for the enterprise.
There's no hype at IBM though, which open-sourced a largish hunk of the blockchain code a year ago via the Linux Foundation's Hyperledger Project. For more information about IBM Blockchain, visit http://www.ibm.com/blockchain.
For starters, the ledger is isolated from the general cloud computing environment.
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