IBM (NYSE: IBM) has created a blockchain ecosystem program to help accelerate the creation of networks based on its open-source Hyperledger Fabric blockchain technology. The IBM blockchain ecosystem program is designed for innovators, venture capitalists (VCs), start-ups, systems integrators (SI), independent software vendors (ISV) and enterprise developers.
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“The future growth and adoption of blockchain is reliant upon building a strong ecosystem. Business networks will only reach critical mass when innovators, industry experts and infrastructure providers come together in new ways to reinvent how business transactions happen,” said Bridget Van Kralingen, Senior Vice President, IBM Industry Platforms.
“The growing maturity of the Hyperledger Project code is a major milestone. That’s why IBM is investing to help developers accelerate the creation of blockchain networks by providing an environment where these players can work together.”
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Many blockchain development companies have already joined the IBM blockchain ecosystem, including: Cloudsoft, EY, Everledger, Gliding Eagle, HACERA, The Hive, IntellectEU, Loyyal, Mooti Digital Identity, Netki, Sensify Security, and Skuchain.
IBM explains it will provide education and tools aimed to reduce the time required to go from idea to execution. IBM professionals will provide support and help with troubleshooting. This is in addition to the courses and learning modules for business users and developers already available. These will be augmented with code libraries, smart contract templates and tools currently in development to speed the creation of blockchain apps.
Justin Newton, CEO of Netki, comments: “The Hyperledger Project is bringing together the right combination of open source technology, governance, and enterprise engagement to build blockchain platforms and solutions for enterprise use. IBM has taken a leadership role in both technology contributions and community building as a part of this effort. We at Netki believe our engagement with both IBM and Hyperledger will accelerate the adoption of our open source and open standards naming and identity products in enterprises.”