IBM to Roll Out Blockchain as a Service in the Cloud

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IBM has just announced a cloud service for organizations requiring a secure environment for Blockchain networks. Ideal for organizations in regulated industries, this environment allows clients to test and run Blockchain projects that handle private data.

“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,” said Donna Dillenberger, IBM Fellow, Enterprise Solutions. “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.”

IBM’s secure Blockchain cloud environment, underpinned by IBM LinuxONE, the industry’s most secure Linux-only server, is ideal for organizations such as Everledger, a company that tracks and protects diamonds and other valuables via the Blockchain.

Everledger is building a digital business network using IBM Blockchain to power its global certification system to track valuable items through the supply chain, helping to protect suppliers, buyers and shippers against theft, counterfeiting and other forms of corruption. The Blockchain is used to demonstrate the origin of high-value goods such as diamonds, fine art and luxury goods.

“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.”

As Blockchain grows in influence and organizations begin to evaluate cloud-based production environments for their first Blockchain projects, they are exploring ways to maximize the security and compliance of the technology for business-critical applications. The average total cost of a data breach for enterprises reached $4 million last year, and with security incidents up by 64 percent in 2015, the risks are higher than ever.2 Security is critical – not just within the Blockchain itself but with all the technology touching the ledger.

The business network on the IBM Blockchain cloud environment helps secure entry points and fight against insider threats. With advanced features that help protect data and ensure the integrity of the overall network, LinuxONE is designed to meet the stringent security requirements of the financial, health care and government sectors, helping to foster compliance.

Currently in limited beta, these new secure cloud services to run Blockchain in a production environment allow clients to quickly and easily access a secure, partitioned Blockchain network to deploy, test and run projects. Clients can sign up here. The latest version of IBM Blockchain is available today through Bluemix.

To learn more about IBM Blockchain visit www.ibm.com/Blockchain.

To learn more about IBM Cloud visit: http://www.ibm.com/cloud-computing/.

To learn more about the IBM LinuxONE portfolio, visit http://www.ibm.com/systems/linuxone/ or the IBM Systems blog.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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