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New Cloud Service from IBM to Secure Blockchain Services – it’s beyond Finance

IBM to Secure Blockchain ServicesDriving the blockchain beyond financial institutions, IBM announces a new cloud service for organizations that require a secure environment for blockchain networks.

The new environment is said to allow clients to test and run blockchain projects that handle private data making it ideal for regulated industries.

IBM’s secure blockchain cloud environment is supported by IBM LinuxONE, claimed to be the most secure Linux-only server, are ideal for organizations such as Everledger, a company that tracks and protects diamonds and other valuables via the blockchain.

“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 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.”

The business network on the IBM Blockchain cloud environment is touted to help secure entry points and fight against insider threats.

Moreover, advanced features that help protect data and ensure the integrity of the overall network, LinuxONE also helps meet the stringent security requirements of the financial, health care and government sectors and helps foster compliance.

“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 just by making it easy to get up and running on the IBM Cloud, but also by using its most secure infrastructure.”

Currently in limited beta, 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 first projects.

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