Categories: News

IBM Announces New Blockchain as a Service Platform

Tech giant IBM has announced the launch of its new blockchain as a service platform. The new service – which is available on Bluemix, IBM’s cloud platform – empowers developers to create a variety of digital assets that can run on private blockchains.

“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.”

According to the press release, IBM’s Watson platform will also be able to interface with the new blockchain service, where data gathered from a variety of hardware devices will interact with blockchain applications:

“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.”

IBM is also planning to open blockchain developer environments in London, New York, Singapore and Tokyo. The centers – which will be called “Garages” – will focus on exploring new blockchain designs and use cases of the technology.

Mika Lammi, who heads the Internet of Things (IoT) division at Kouvola Innovation, is very enthusiastic about the pairing of IBM’s Watson system with the new cloud blockchain developer suite, “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.” said Lammi.

Part of the press release also focused on IBM’s recent contribution to the Hyperledger Project, which is being developed by the Linux Foundation. IBM is a founding member of the project and revealed that 44,000 lines of code were recently contributed.

Related Post

“IBM’s code was developed through the collaboration of more than 35 global IBM Researchers”

Senior Vice President of IBM Research, Arvind Krishna, said that the new service will give developers an opportunity to actually start creating blockchain applications, and not just studying them:

“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.”

 

Image credit: 1

If you liked this article follow us on twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

Traderman

Avid blogger, entrepreneur, and cryptocurrency enthusiast. I love writing about cryptocurrency, NFTs, price analysis, and much more!

Share
Published by
Traderman

Recent Posts

NYC Entrepreneur Wins Big with BTC: BlockDAG Could Be Next

Mia Sanders, NYC Entrepreneur, Made Millions by Investing in BTC: Could BlockDAG Be Next for…

11 hours ago

Miami Artist Earns $5.2M with Solana: BlockDAG’s Future Prospects?

A Miami Artist's $5.2M Solana Success: Does BlockDAG Hold Equal Promises for 30,000x ROI? Success…

17 hours ago

Chainlink And Aptos Investors Migrate To The Presale Of New Crypto Instant Funding Prop Firm FXGuys ($FXG)

Recent market trends show that the new DeFi coin, FXGuys ($FXG), has been the go-to…

18 hours ago

Polkadot Price Prediction; Can XLM’s Rally Hold Strong as New Crypto Brings Passive Income? 

Curious about where the Polkadot price is headed? Or maybe you’re wondering if XLM’s rally…

18 hours ago

Best Crypto Presale to Watch: Could This Be the Next 9000% Breakout Star?

Any investor can achieve outstanding profit by selecting the best crypto presale in the growing…

18 hours ago

Influential Support for BlockDAG; Updates on Solana & XRP

Crypto Influencers Eye BlockDAG’s Bullish $142.5M Presale & BULLRUN100 Offer; Latest on XRP & Solana…

18 hours ago