Blockchain technology and IBM Cloud will achieve a perfect combination

Recently, IBM announced that it has established a new blockchain system based on its own cloud system after collaborating with hundreds of expert groups, researchers and developers. This solution belongs to the category of cloud services, emphasizes the security level, and strictly abides by the Federal Information Processing Standard (FIPS 140-2) and the Evaluation Assurance Level (EAL). At the same time, IBM provides developers with convenience to use the Hyperledger project resources and the IBM Bluemix cloud platform.

IBM believes that good early security mechanisms and the satisfaction of enterprise needs allow anyone to safely operate distributed ledgers in the cloud. Developers can freely apply this solution to government services, medical and financial systems. Jerry Cuomo, vice president of IBM's blockchain technology department, mentioned that many customers have told IBM that a first-class security system is what they want most when using cloud-based blockchain services. Therefore, IBM is committed to building a protection platform based on a secure cloud that can also support a distributed ledger architecture. Cuomo explained:

Customers tell us that one of the reasons they are not embracing blockchain is security concerns. However, developing commercial uses for blockchain has become a top priority, and for most organizations, they need help in setting up the ideal cloud environment in order to run blockchain networks securely in the cloud.

Enterprise blockchain technology is important at all times and in all places, and IBM wants to be a leader in this technology. Established companies supporting this project include the London Stock Exchange, Cisco, JPMorgan Chase, State Street, Intel, etc. IBM's cloud products can optimally provide a regulated operating environment with comprehensive log data and encryption keys for tamper-proof storage. In addition, IBM also pointed out that this cloud service can ensure that blockchain is used between enterprises in an extremely secure and protected environment.

This cloud-based platform can accommodate tens of thousands of users. Any software that has passed certification and testing and has analytical support can run on this platform. This new architecture can prevent hackers from tampering with data and assets traded or stored in the IBM cloud. Current database technology is inefficient and has often been invaded and attacked by outsiders in the past. The blockchain technology that IBM is currently building is a trusted multi-party network without the participation of middlemen. Eiji Ueki, director and executive vice president of NTT DATA in Japan, said in a speech:

Blockchain is a highly innovative technology with great prospects. However, for enterprise systems, many problems still need to be solved. IBM's new blockchain cloud service is an attempt to address these problems. We believe this service will help accelerate the development of blockchain technology.

IBM has no shortage of competitors in the distributed ledger space. Many companies are trying to lead the way in this field, such as Chain Inc., which is also committed to enterprise blockchain technology solutions. Chain Inc. has recently launched new solutions and is ready in terms of industry standards, supervision and existing asset transfer features. IBM's Bluemix-based cloud service platform can help developers use blockchain technology instantly. IBM believes that this architecture will help accelerate the introduction of blockchain solutions.

Jerry Cuomo said:

Through the launch of this new cloud service, we hope to accelerate the development of the blockchain industry.