IBM launches Blockchain as a service

IBM launches Blockchain as a service

IBM launches Blockchain as a service

The service enables developers to build and host production blockchain networks on the IBM Cloud, and is underpinned by the IBM server LinuxONE. "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".

The network will work to help consumers instantly validate their identity for services such as new bank accounts, driver's licenses and utilities, IBM said Monday.

IBM unveiled its "Blockchain as a Service" today, which is based on the open source Hyperledger Fabric, version 1.0 from The Linux Foundation.

The IBM High Security Business Network offer features such as tamper-responsive hardware security modules created to protect encrypted data for the storage cryptographic keys, and secure service containers for protecting code in blockchain applications by essentially encapsulating them I a virtual appliance.

The Fabric blockchain can process more than 1,000 transactions per second and has the necessary features to be used by large enterprises to build their applications, IBM said.

Traders Secrets on CenturyLink, Inc. (CTL), MGM Resorts International (MGM)
Bernstein reiterated an "outperform" rating on shares of MGM Resorts International in a research report on Friday, December 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by $0.09.

"What IBM is building with SecureKey and members of the digital identity ecosystem in Canada, including major banks, telecom companies and government agencies, will help tackle the toughest challenges surrounding identity", said Marie Wieck, general manager, IBM Blockchain. The network is expected to facilitate consumers' verification. "This method is an entirely different approach to identity verification, and together with SecureKey, we have a head start on putting it on the blockchain".

This development follows on from late previous year when IBM unveiled a blockchain ecosystem "to help accelerate the creation of blockchain networks" on Hyperledger.

IBM also added that it is working with several Canadian banks and SecureKey Technologies to develop a digital identify network using its blockchain services.

Big Blue also announced the launch of the first commercially available blockchain governance tools, and new open-source developer tools, created to automate and accelerate the steps it takes to build with the Hyperledger Fabric. Clients ranging from startup Everledger to financial services firms Bank of Tokyo-Mitsubishi UFJ and Northern Trust are among the organisations already running their DLT applications on IBM's Hyperledger Fabric.

Recommended News

  • Eric Trump and wife Lara are expecting first child in September

    Eric Trump and wife Lara are expecting first child in September

    Lara says she's not nervous about becoming a mom for the first time: "I knew I always wanted kids someday", she says. And now, their challenge is to come up with a name.

    Pep Guardiola: John Stones has "more balls" than anyone

    Liverpool supporters will argue that, on the balance of their play, they deserve to be higher up the table. Liverpool trails third-placed City by just one point, although Pep Guardiola's side have a game in hand.
    Tom Watson: Momentum plot could

    Tom Watson: Momentum plot could "destroy the Labour party"

    McCluskey had to show leadership over the issue, Watson said: "We could do with him trying to understand how important this is". He also discusses an affiliation with the Unite union, the largest trade union in the United Kingdom and Ireland.
  • Wes Hoolahan ruled out of Ireland's World Cup qualifier against Wales

    Wes Hoolahan ruled out of Ireland's World Cup qualifier against Wales

    He thinks that he might be able to make it - that would be great if he can. He said: "Seamus has picked up a knock - it's precautionary".
    Man United fans react as Mourinho makes seven changes against Middlesbrough

    Man United fans react as Mourinho makes seven changes against Middlesbrough

    Substitute Rudy Gestede and Eric Bailly were involved in a coming together that many felt involved a bite. Valencia played in a position where I tried to protect him a little bit, instead of 100m up and down.

    Wijnaldum: No blame on Lallana for missing gilt-edged chance at City

    At the end of the game players were on their knees, so exhausted were they from their exertions. Had they been more clinical in front of goal and not conceded a penalty, they could have won.
  • Second Scottish referendum row rumbles on

    One of the reasons for the recent underperformance of the Scottish economy has been falling oil revenues. Theresa May didn't tell Scotland about her plan to trigger Article 50 , it has been claimed.
    Injured Pogba ruled out of Manchester United's trip to Boro

    Injured Pogba ruled out of Manchester United's trip to Boro

    The job, reportedly, is Agnew's to lose at the Riverside with chairman Steve Gibson putting faith in him. Jesse Lingard's relief was palpable after Manchester United finally escaped sixth place.
    John Oliver on Trump's budget cuts: 'impatient, vain and horny for malice'

    John Oliver on Trump's budget cuts: 'impatient, vain and horny for malice'

    He played a series of Trump statements, then attempted to turn them into budget items. In particular, the host noted proposed cuts to rural airport subsidies.
  • Drake's More Life Offers Insights Into His Life

    Drake's More Life Offers Insights Into His Life

    The Toronto rapper makes a reference to his former rumored love on the opening track of his long-awaited More Life , "Free Smoke". Of course, he finally did release it as promised, and stans are already treating every word of " More Life " like it's gospel.
    Melania, Barron Trump are completely moving to DC this June

    Melania, Barron Trump are completely moving to DC this June

    Reports suggest that the former model and Barron will indeed move to the White House after the end of the school year in June. Melania broke years of tradition by not moving to the White House with her son after the election.
    Sean Spicer: GCHQ bugged Trump Tower for Barack Obama

    Sean Spicer: GCHQ bugged Trump Tower for Barack Obama

    German Chancellor Angela Merkel's public exchanges with President Donald Trump on Friday can be summarized in one word: awkward. Yet the White House still has not backed down from Trump's original claims - nor has it offered any evidence to support them.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.