Friday , 21 October 2016
Breaking News

IBM Announces Blockchain Cloud Services on LinuxOne Server

A new cloud environment for business-to-business networks announced by IBM last week will allow companies to test performance, privacy, and interoperability of their blockchain ecosystems within a secure environment, the company said. Based on IBM?EU?s LinuxONE, a Linux-only server designed for high-security projects, the new cloud environment will let enterprises test and run blockchain projects that handle private data for their customers.

The service is still in limited beta, so IBM clients will not be able to get their hands on it just yet. Once it launches, however, the company said clients will be able to run blockchain in production environments that let them quickly and easily access secure, partitioned blockchain networks.

Accelerating Blockchain Adoption

A relatively new technology, Blockchain consists of a distributed database designed to maintain and secure a list of data records so that they cannot be tampered with or revised. The database is made up of separate data structure blocks that are time stamped and hold multiple batches of individual transactions.

Blockchain was originally developed by the crypto-currency project Bitcoin as a way to protect the digital currency from theft or manipulation. It has since been used in a number of other applications in which valuable digital assets, such as intellectual property, voting records, or money, need to be securely transmitted or stored.

?EU?Blockchain will change the way we transfer high value goods, digital assets and financial instruments. To accelerate blockchain adoption, clients must trust the infrastructure and the system that blockchain is running on,?EU? said Donna Dillenberger, IBM Fellow, Enterprise Solutions, in a statement. ?EU?With IBM Blockchain, we are expanding access to the emerging technology — not only by making it easy to get up and running on the IBM Cloud, but also by using the most secure infrastructure.?EU?

Potentially Devastating

With blockchain technology becoming more popular and widespread, organizations…