In the past few days, IBM â the international technology giant has been in the news multiple times for its collaboration with companies to develop blockchain solutions. Being one of the Hyperledger project members, IBM has been pushing the use of Fabric distributed ledger for commercial applications. After all these developments, the company has finally made its blockchain services official.
Earlier today, IBM officially announced the launch of its enterprise blockchain as a service offering that combines the best of Linux Foundationâs Hyperledger Fabric blockchain and its own cloud solution. The cloud-based enterprise-ready blockchain as a service solution is named âIBM Blockchainâ.
A few days ago, the Hyperledger Project announced the production-ready status of its Fabric blockchain along with its plans to launch it sometime during the month of March 2017. With IBM Blockchain, companies of various sizes can now quickly tap into the potential of distributed ledger technology using Fabric blockchain which is capable of processing over 1000 transactions per second.
According to IBMâs statement to a leading news organization, the company is also working with SecureKey Technologies and a group of Canadian banking and financial institutions to create a digital identity network. The partners in this initiative include the likes of Bank of Montreal, Royal Bank of Canada, Bank of Nova Scotia, Canadian Imperial Bank of Commerce and Toronto-Dominion Bank. The company is not stopping here. With its aim of building a smarter planet, IBM, and Energy Blockchain Labs â a Chinese company recently tested a blockchain-based asset management platform for carbon assets.
Other notable blockchain projects involving IBM includes the shipping and logistics management platform currently being developed in association with Maersk and the Hyperledger Fabric based Order, Logistics and Payment (OLP) platform with Singapore-based startup Invictus.
The extensive business network with leading brands and companies as clients, combined with start-up focused products puts IBM in an ideal position to offer its IBM Blockchain solution to a wide range of businesses across the world.
In the future, IBM may turn out to be instrumental in influencing the adoption of Fabric ledger among the masses.
What’s Holding Bitcoin Back from Achieving Mainstream Status?
The cryptocurrency market has been doing great in the recent months, as Bitcoin price continues to break its own records on a frequent basis. The growth in Bitcoinâs value goes hand-in-hand with
Ethereum Takes Over Ripple With Ease $16 Billion Market Cap
Ripple’s impressive rally didn’t last long and its market cap quickly fell from around $16 bln to $13 bln in less than a week. Ethereum took advantage over Ripple’s instability and took over XRP to
Minexcoin Pushes Further The Boundaries Of Cryptocurrency Mass Adoption; ICO Launched
The recent explosion in value of bitcoin, Ethereum and other cryptocurrencies has been a promising development in many ways, but as more people become aware of cryptocurrency benefits, users will come
BitCAD Announces Dates for ICO
BitCAD is finally out with the dates for their crowdsale following the delays caused by the last minute issues that cropped up with the decentralized biometric identification system. The crowdsale
Bitcoin's New Scaling 'Agreement': The Reaction
A meeting of bitcoin startup executives and miners held this weekend has resulted in the publication of a new proposal for how the open-source project should be upgraded to support additional transact
Consensus 2017: Decentralized Exchange 0x Wins Proof-of-Work Startup Competition
0x (pronounced “zero-ex”) took the top prize today during the second annual Proof of Work pitch competition at CoinDesk’s Consensus 2017 conference in New York.
The startup is building a protocol t
Jeff Gundlach has a theory on why bitcoin is surging
Jeffrey Gundlachâ, CEO of DoubleLine Capital, said Tuesday there could be a connection between bitcoin prices and the decline in Chinese stocks. In a Tuesday afternoon tweet, Gundlach noted that
Billion Dollar Cryptocurrency Club Swells to Six Members
Bitcoin continues to set new record highs on a daily basis, and taking a host of altcoins along with it as investor demand for alternatives to equities remains strong.