IBM is strengthening its pitch for blockchain transaction technology with a secure cloud environment for blockchain networks that uses dedicated infrastructure for each company. According to a report by ComputerWorld, IBM previously offered a starter cloud service for developers experimenting with blockchain technology.
A blockchain is a data structure “that makes it possible to create and share a digital ledger of transactions,” according to a definition by Fortune. “It uses cryptography to allow anyone granted access to add to the ledger in a secure way without the need for a central authority. Once a block of data is recorded on the blockchain ledger, it’s extremely difficult to change or remove.”
IBM Blockchain is integrated with IBM LinuxONE, which the company calls “the industry’s most secure Linux-only server” to entice organizations in regulated industries to adopt the “shared ledger” system of data tracking and trading.
“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,” Donna Dillenberger, IBM Fellow, Enterprise Solutions said in a statement. “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.”
The advanced security features of LinuxONE and the business network on the IBM Blockchain cloud environment enable developers to deploy, test, and run projects on a secure, partitioned blockchain network, the company said.
Among the businesses participating in limited beta testing is Everledger, a company that certifies and tracks diamonds and other valuables via blockchain. Everledger will use blockchain to track items through the supply chain, and as proof of origin within a digital business network.
“When you are in the business of provenance, secured records, access and transparency are everything. There is no compromise when it comes to security and one cannot underestimate the expertise required to enable this,” said Leanne Kemp, CEO and Founder of Everledger. “Having the opportunity to build, test, scale and refine Everledger on IBM Blockchain, underpinned by a security-rich infrastructure, is a game changer. It has accelerated our ability to move fast and deliver the most innovative solutions to our partners internationally and confidentially.”
Earlier this week, IBM announced that it will open a blockchain R&D center in Singapore.
Microsoft announced a blockchain-as-a-service product for the Ethereum cryptocurrency in November. Enterprise blockchain infrastructure is also available from smaller companies like Chain and Credits.