IBM Blockchain, an enterprise-ready blockchain service that is based version 1.0 of Hyperledger Fabric from Linux Foundation was launched recently. The service enables developers to quickly build and host security-rich production blockchain networks on the IBM Cloud, and is underpinned by IBM LinuxONE, said IBM.
The Linux Foundation's open source Hyperledger Fabric v1.0 is being developed by members of the Hyperledger consortium alongside other open source blockchain technologies. The Hyperledger consortium's Technical Steering Committee recently promoted Fabric from incubator to active state and it is expected to be available in the coming weeks. It 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.
IBM's blockchain services are designed to help developers create, deploy and manage blockchain networks on the IBM Cloud, and the company claims to be the first-to-market with its High Security Business Network services for regulated environments. Clients ranging from startup Everledger to financial services leaders Bank of Tokyo-Mitsubishi UFJ and Northern Trust are among the organizations running their blockchain applications on the IBM Cloud today.
Marie Wieck, General Manager, IBM Blockchain
IBM has applied decades of experience running the world's largest transaction systems for banks, airlines, governments and retailers, to build the most secure blockchain services for the enterprise. IBM's blockchain services are built on IBM's High Security Business Network and designed for organizations that require blockchain networks that are trusted, open and ready for business.
