IBM has released a set of blockchain cloud services built to meet security and compliance standards for companies in regulated industries — particularly, financial services, health care and government.
The offering provides a protected, "tamper-proof" operating environment that allows production on trusted blockchain networks to be deployed in minutes and prevents information leaks through shared memory or hardware, the tech giant said Friday.
As part of the Hyperledger Project, IBM has been collaborating with big names financial services and technology to create a common blockchain fabric on which companies can build their own blockchain applications, like logging transactions between banks and international businesses or allowing the two to share the same record-keeping system. JPMorgan Chase, Wells Fargo, State Street, Swift, Cisco, Intel and the Linux Foundation are among them.
"Clients tell us that one of the inhibitors of the adoption of blockchain is concerns about security," Jerry Cuomo, IBM's vice president of blockchain, said in a news release. "While there is a sense of urgency to pioneer blockchain for business, most organizations need help to define the ideal cloud environment that enables blockchain networks to run securely in the cloud."
The service will provide auditable log data to support forensics and compliance.
Separately, IBM has made its version of the Hyperledger blockchain code available to use on Docker, an open platform for developers to build, ship and run distributed applications. Users can expect dashboards, analytics, chat support and "exclusive network services" in future updates, it said. It also released its blockchain offerings in beta on Bluemix, a platform similar to Docker for developers interested in testing applications.