IBM (NYSE: IBM) has announced the new release of IBM Blockchain, its enterprise-ready blockchain service based on the Hyperledger Fabric. The service enables developers to quickly build and host security-rich production blockchain networks on the IBM Cloud, and is underpinned by LinuxONE , a secure Linux server.
IBM’s blockchain services are designed to help developers create, deploy and manage blockchain networks on the cloud. Clients ranging from startup Everledger to financial services leaders Bank of Tokyo-Mitsubishi UFJ and Northern Trust are among the organizations running their blockchain applications on the IBM Cloud.
“IBM has applied decades of experience running the world’s largest transaction systems for banks, airlines, governments and retailers, to build the most secure blockchain services for the enterprise,” said Marie Wieck, general manager, IBM Blockchain. “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.”
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IBM also announced it made commercially available its blockchain governance tools, and new open-source developer tools that automate the steps it takes to build with the Hyperledger Fabric from weeks to days.
The new blockchain governance tools make it easy to set up a blockchain network and assign roles and levels of visibility from a single dashboard. They help network members set rules, manage membership, and enforce network compliance once the network is up and running.
Fabric Composer can help users model business networks, create APIs that integrate with the blockchain network and existing systems of record, and quickly build a user interface.