To help developers quickly begin exploring the use of blockchain in the enterprise, IBM has made nearly 44,000 lines of code available to the Linux Foundation’s open source Hyperledger Project to help developers easily build secure distributed ledgers that can be used to exchange most anything of value.
“London Stock Exchange Group is directly engaged in the development of the open blockchain technologies with IBM and we are excited to help enable the creation of solutions that will help manage risk and bring additional transparency to global financial markets,” said Moiz Kohari, EVP, group head of technology innovation, London Stock Exchange Group. “We believe this technology has the potential to drive change across the industry but will need to be developed in partnership with customers and industry participants under an open source approach.”
“Blockchain provides a revolutionary approach that enables businesses across industries all around the world to completely change their logistics business and operations,” said Mika Lammi, head of IoT business development at Kouvola Innovation, Finland. “We’re excited about the potential for blockchain to transform logistics value chains into a more seamless process that provides a trusted view of every piece of cargo. The IBM Blockchain fabric, together with the Watson IoT platform, offers great potential to bring together the physical and digital worlds in a way that has never been done before.”
Today, IBM also made a range of announcements spanning technology and business consulting to rapidly advance the use of distributed ledger technology across multiple industries:
New blockchain services on the IBM Cloud: New blockchain services help create and manage blockchain networks to power a new class of distributed ledger applications. Developers can create digital assets and accompanying business logic to more securely and privately transfer assets among members of a permissioned blockchain test network. Using IBM’s new blockchain services available on Bluemix, developers can access fully integrated DevOps tools for creating, deploying, running and monitoring blockchain applications on the IBM Cloud. Blockchain applications can also be deployed on IBM z Systems, enabling an additional level of security, availability and performance for handling sensitive and regulated data. Blockchain applications can access existing transactions on distributed servers and z Systems through APIs to support new payment, settlement, supply chain and business processes.
Enabling Internet of Things (IoT) data on blockchain: Using its Watson IoT Platform, IBM will make it possible for information from devices such as RFID-based locations, barcode-scan events, or device-reported data to be used with IBM’s Blockchain. Devices will be able to communicate to blockchain-based ledgers to update or validate smart contracts. For example, as an IoT-connected package moves along multiple distribution points, the package location and temperature information could be updated on a blockchain. This allows all parties to share information and status of the package as it moves among multiple parties to ensure the terms of a contract are met.
IBM Garages for blockchain app design and implementation: To help accelerate the design and development of blockchain applications, IBM Garages will open in London, New York, Singapore and Tokyo to enable IBM experts to collaborate with developers on the design and implementation of blockchain for business. IBM Global Business Services will also expand its blockchain consulting practice for clients in banking and financial services and logistics. IBM Interactive Experience (IBM iX), the largest global digital agency, will also engage clients to co-design new use cases for blockchain in more than 25 IBM Studios around the globe.
New Blockchain Services on the IBM Cloud
New blockchain services from IBM help developers create and manage blockchain networks to power a new class of distributed ledger applications. Developers can create digital assets and accompanying business logic to more securely and privately transfer assets among members of a permissioned blockchain test network. IBM Blockchain user interface designers, Dante Guintu, left and Andrea Lee, work on secure blockchain apps at IBM San Francisco.
IBM is working with a number of global partners including London Stock Exchange Group and the Finnish business development organization, Kouvola Innovation.
This news underscores IBM’s recent submission of nearly 44,000 lines of code to the Linux Foundation’s Hyperledger Project. As a founding member of the Hyperledger Project, IBM’s code was developed through the collaboration of more than 35 global IBM Researchers and software developers dedicated to the Linux Foundation project, and more than 100 technical architects focused on making blockchain ready for business. IBM offered code to the open source Hyperledger Project to help developers easily build secure distributed ledgers that can be used to exchange most anything of value.
IBM’s unique capabilities:
- Pluggable architecture to allow developers to use software modules (consensus module for example) that best suits their needs.
- A new consensus algorithm developed by IBM Research tailored to specific blockchain use cases.
- Advanced identity management built with the latest cryptography.
- Smart contracts that can be written in popular programming languages such as Java or Golang and executed in containers.
- Fine-grained privacy and confidentiality control allows authors of smart contracts to precisely specify both who can view them and who can execute them.
“In just a few short months, IBM’s vision for making blockchain a powerful new business solution across multiple industries is becoming a reality as our clients begin piloting innovative new code, services and z Systems optimized for distributed ledgers,” said Arvind Krishna, Senior Vice President, IBM Research. “These advancements are making it easier for developers to move from understanding the potential of blockchain, to actually using it to change their business processes in powerful new ways.”
For more information, visit: www.ibm.com/blockchain
- Finlync Designs ERP Integration to Distributed Ledger and Blockchain - January 18, 2017
- European Central Bank Considering Digital Currency – Cryptocash - January 18, 2017
- US Homeland Security Testing Blockchain To Track People, Goods Across Borders - January 17, 2017
- Israeli Tax Authorities Might Go After Bitcoin - January 16, 2017
- Senior US Regulator David Blaszkowsky Joins Canadian Blockchain Intelligence Group (BIG) Advisory Board - January 16, 2017
- Seven European Banks Cut Blockchain Deal to Facilitate Easier Cross-Border SME Commerce - January 16, 2017
- Marketforce to Host 2nd Annual The Blockchain Summit on 28th March 2017 in London - January 15, 2017
- Waves Platform Implements New Blockchain Scalability Approaches - January 14, 2017
- China’s Puerbank Group Launches Global Node for A Standardized Blockchain-Based Digital Currency in the UK - January 14, 2017
- DU and Guardtime Partner with Dubai’s NMC Hospital to Revolutionize Electronic Health Records with Blockchain Technology - January 14, 2017
- Report: Blockchain Slated to Become $8 Billion Global Industry By 2024 - January 14, 2017
- Blockchain Could Save Financial Services $110 billion over Next Three Years - January 14, 2017
- Russia Embraces Bitcoin – No Plans to Ban Cryptocurrencies - January 14, 2017
- Canadian BTL Group Completes Blockchain Pilot With Major Global Energy Company - January 12, 2017
- Tokio Marine & Nichido Fire Insurance and NTT DATA Cut Blockchain PoC For Insurance - January 12, 2017
- HfS Research Recognises VirtusaPolaris for Emerging Blockchain Services in BFSI - January 12, 2017
- Deloitte Launches Blockchain Lab in New York - January 12, 2017
- SWIFT launches Blockchain Proof of Concept In Hyperledger - January 12, 2017
- Blockchain VIP’s to Gather for Major Retreat This Month - January 12, 2017
- IBM Watson Health and US FDA Announce Blockchain Healthcare Data Project - January 12, 2017
- Equibit Development Corporation Sets $7 million Funding Target, Crowdsale Date - January 12, 2017
- US National Science Foundation Offers $8.5m in Funding for Blockchain Proposals for Cyberinfrastructure Security - January 11, 2017
- China Poised to Dominate Fintech and Blockchain Markets in 2017 - January 10, 2017
- Respectonomy Social Network To Tackle Censorship Using Blockchain - January 10, 2017
- South Korea Plans to Launch a Full-Scale Pilot Project on Blockchain-powered Financial Services - January 10, 2017
- Postal Savings Bank of China (PSBC) Announces First Blockchain Financial Service - January 10, 2017
- Reserve Bank of India (RBI) Releases Bullish Report on Blockchain for Clearing, Settlement - January 10, 2017
- Blockchain TV – TED Talk | How the Blockchain will Radically Transform the Economy | Bettina Warburg - January 10, 2017
- Alfa-Bank and S7 Airlines Close Blockchain Deal in Russia - January 10, 2017
- Life.SREDA and the Russian Republic of Tatarstan To Introduce Blockchain Technology For Public Administration System - January 10, 2017
- Union Square Ventures Leads $4M Funding Round for Blockchain Startup Blockstack - January 10, 2017
- US Department of Energy Eyeing Blockchain Solutions for Security – Seeking Proposals - January 10, 2017
- India’s Axis Bank to Use Ripple Blockchain for Cross-Border Remittances - January 10, 2017
- Georgia to Store Real Estate Documents in Blockchain System with Bitfury Group and Hernando de Soto - January 10, 2017
- US Depository Trust & Clearing Corporation Selects IBM, AXONI and R3 to Develop Derivatives Processing On Blockchain - January 10, 2017
- Grantcoin Foundation Expands Board of Directors – Distribution Rescheduled to Late January - January 8, 2017
- UNICEF, UK Home Office and BTCC to speak at London Blockchain Week 2017 - January 6, 2017
- American Company The Seam to Form Cotton Blockchain Consortium with IBM on Hyperledger Fabric - January 5, 2017
- Move over Bitcoin – MIT Cryptographer Silvio Micali and his Public Ledger ALGORAND… The Future of Blockchain? - January 5, 2017
- Blockchain to Play Role in Future of Transportation? UBS Teams up with ZF and innology SE to Make it Happen - January 5, 2017
- Blockchain Group Hyperledger Expands into China - January 5, 2017
- The Evolution Of Casinos – Next Generation Transparent Ethereum Smart Contracts Based Casino “Edgeless” - January 5, 2017
- Healthcare Sector Plans to Move Hard and Fast to Blockchain in 2017 - January 5, 2017
- Russia Eyes Blockchain Potential for National Payment System - January 5, 2017
- Bitfury Group Launches Global Blockchain Business Council - January 4, 2017
- India’s Yes Bank Enlists IBM to Help Build Blockchain Solutions - January 4, 2017
- World’s First Cryptocurrency Fund Listed on Exchange - December 25, 2016
- Dubai Future Accelerators Program Invests US$33m In Pilot Projects Including Blockchain - December 23, 2016
- IC3 Publishes Research on Blockchain Utilization of Intel Software Guard Extensions Offering Enhanced Protection - December 23, 2016
- UNICEF, UK Home Office and BTCC to speak at London Blockchain Week 2017 - December 22, 2016