IBM has announced upgrades to its Blockchain Platform, according to a report by Ledger Insights on June 18.
The new IBM Blockchain Platform will reportedly be able to run on multiple cloud networks, such as major tech corporation Microsoft’s Azure or Amazon Web Services (AWS).
This
is apparently the main upgrade over its previous iteration, which was
available solely through IBM’s cloud. The multicloud platform will be
available via Kubernetes, a container program that will reportedly allow users to scale their blockchain networks as needed.
One
of the main upshots of its new multicloud framework is that IBM
Blockchain Platform 2.0 that IBM boasts on its website is its
interoperability. According to the website, the multicloud platform lets
the blockchain participants provide governance across multiple cloud
networks, even those with differing privacy environments.
IBM Blockchain CTO Gari Singh commented on this cross-network advantage, saying:
“We
want to bring on XYZ company, but XYZ has a contract with Azure or AWS
or Oracle,” he said. “How do we allow those guys to connect up a peer
[node] to join the network and how can you support that?” [...] We can
now actually leverage all the great things that are in Hypeledger
Fabric, and we can support you wherever you need to be. And we can also
help to support networks that want to work with IBM, but they have other
members that don’t.”
According to the report, IBM’s platform is a variation on the open source blockchain platform Hyperledger
Fabric, which is fundamentally the same but with the addition of
ease-of-access tools provided by IBM. The tools reportedly streamline
the process of launching a permissioned network, assisting with
necessary tasks such as assigning governance and creating consensus
mechanisms.
As previously reported by Cointelegraph, IBM recently partnered with Brazilian payments non-profit Câmara Interbancária de Pagamentos to release a blockchain ID platform built on Hyperledger Fabric.
The
platform, called “Device ID,” will reportedly act as an authenticator
for digital signatures on mobile devices, presumably aimed at preventing
fraud and other criminal activities. Nine banks and the Brazilian Payment System are reportedly set to make use of the new blockchain verification platform.
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