Las Vegas’ Interconnect conference is the scene for IBM unveiling its Hyperledger-based Blockchain application Monday.
The finished product, IBM Blockchain, is a one-stop shop for tailored networks allowing up to one thousand transactions per second.
Confirming the release, the company described it as the “first enterprise-ready Blockchain service based on Hyperledger.”
IBM launches the first enterprise-ready #blockchain service based on Hyperledger Fabric: https://t.co/sSKAK4Frr9 via @TechCrunch
“Some time ago, we and several other members of the industry came to view that there needs to be a group looking after, governing and shepherding technology around Blockchain for serious business,” Vice President of Blockchain technology Jerry Cuomo commented to TechCrunch.
Hyperledger aims to bring Blockchain solutions to global enterprise via a team of developers collaborating on bespoke projects.
Notably, on the subject of security, Cuomo said that while he “couldn’t guarantee” the impenetrability of IBM Blockchain, measures had been taken to ensure as far as possible the resilience of the network for business clients.
These “include isolating the ledger from the general cloud computing environment, building a security container for the ledger to prevent unauthorized access and offering tamper-responsive hardware, which can actually shut itself down if it detects someone trying to hack a ledger.”
Earlier this month, IBM and Maersk partnered to complete their own Blockchain-based solution for international shipping, something which could be live by as soon as the fourth quarter of 2017.
Fred Wilson throws a little cold water on bitcoin enthusiasts
For all the excitement around digital currency technology in New York this week, venture capitalist Fred Wilson said it will probably take much longer for bitcoin to go mainstream. "I've been
India’s Bitcoin Industry Welcomes Govt’s Attention; Premium Hits $3,500
After years of turning a cold shoulder toward cryptocurrencies like bitcoin, the Indian government, which has warned citizens against using Bitcoin in the past, is now studying the possibility of a le
Is Bitcoin A Bubble?
If you're looking for a warning signal on why the bitcoin move might not be sustainable, just look at the behavior across global markets. It's not exactly an environment that would inspire confidence.
Crypto Traders See Red As Profit Taking Fuels Price Pullback
The cryptocurrency markets are full of ups and downs – but perhaps there hasn't been a day in history quite like today.
Just hours after bitcoin set a new all-time high, it fell more than $400
Bitcoin plunges more than $300 after earlier hitting all-time high
Bitcoin jumped more than 12 percent Thursday to an all-time high of $2,791.70 before plunging and giving up the day's gains. The rise, based on strong demand out of Asia, had brought its gains for
Bitcoin 'nerds' give way to Wall Street suits at digital currency conference
The world of finance is getting so interested in bitcoin that it's no longer just the land of coders. "At this conference, one thing I immediately noticed, I have a hard time finding the nerd
‘Unprecedented’ Bitcoin Boom Sees Coinbase, Kraken Suffer Outages
Major bitcoin exchanges like Coinbase and Kraken are suffering downtime in a week when bitcoin prices are soaring to all-time highs.
While bitcoin surged to an all-time high of $2,740 on Bitstamp b
An Aragon Competitor Platform BitCAD Crowdsale Raises more than $1M During First Hour
A unified operating system for various business activities on blockchain is something every company would like to have. If it can be quickly deployed like conventional Software as a Service (SaaS)