IBM debuts commercial blockchain as a service platform
20 March, 2017, 20:29 | Author: Leticia Walters
By using this open source platform, IBM will allow developers to quickly build and host production blockchain networks on the IBM Cloud and transact at rates of more than 1,000 transactions per second among large ecosystems of users.
The U.S. technology company said on Monday its new product called IBM Blockchain was the first service for developers to build enterprise-grade technology using Hyperledger Fabric, the first code set to be released by the open source group.
This development follows on from late previous year when IBM unveiled a blockchain ecosystem "to help accelerate the creation of blockchain networks" on Hyperledger.
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.
"Our goal for this partnership is to accelerate the pace at which we can develop a service to help consumers better manage, protect and control their digital assets and identity, and ultimately provide our customers with greater convenience and a better overall experience", said Andrew Irvine, head of commercial banking and partnerships at BMO Bank of Montreal, a company now trialling the secure network in Canada.
Eddy Ortiz, VP, solution acceleration and innovation, RBC, concurs: "Canada has an important opportunity to innovate with emerging technologies like blockchain to advance digital identity in Canada".
"Helping Canadians control the security of their personal data to reduce the risk of fraud online, in person, or over the phone is innovating with goal", said Rizwan Khalfan, Chief Digital Officer, TD. New network members can view this before joining and determine whether they can trust the network enough to participate. SecureKey is headquartered in Toronto, with offices in Boston and San Francisco.
Jerry Cuomo, IBM's vice-president of blockchain technologies, told TechCrunch that IBM, together with a couple of other companies, noticed the need for a blockchain-governing technology.
For starters, the ledger is isolated from the general cloud computing environment.
Some MPs believe Mrs May could announce an early election next week when she triggers Article 50, beginning the Brexit process. There are rumours that the United Kingdom could go to the polls sooner, sparking a flurry at betting shops.
If the negotiations go along expected lines, Britain should have officially exited the European Union by March 2019. Tusk will also summon those 27 leaders for a summit to endorse the final guidelines, probably in early May.
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The First Minister also issued an open invitation to those "appalled" by the Government's approach to Brexit to move to Scotland. YOU'RE AMONG FRIENDS, SCOTLAND Nicola Sturgeon has some sums to do before she presses on with her quest for independence.
Lynch, 30, last played in the National Football League during the 2015 season with the Seahawks and appeared in seven games. His Beast Mode apparel line has a store in the city and helped establish the Fam 1st Family Foundation in the Bay Area.
That's the way it went at the Atlanta Motor Speedway on Sunday in the second race of the season in NASCAR's premier Cup category. Elliott had a fast Chevrolet, as he proved conclusively after incurring a pit road speeding penalty on Lap 212.
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