The Complete Magazine on Open Source

IBM develops blockchain service based on open source Hyperledger Fabric

3.11K 0

blockchain

In a move likely to dominate the emerging space of blockchain solutions, IBM has developed its enterprise-ready blockchain service model. The latest development is based on Hyperledger Fabric, which is an open source collaborative project for cross-industry blockchain technologies designed and maintained by the Linux Foundation.

IBM claims that using the Hyperledger innovative technologies, more than 1,000 transactions can be handled through its blockchain service per second. On top of the service model, the company has deployed its High-Security Business Network that is touted to offer the “world’s most secure” Linux infrastructure to enable the building of safe blockchain networks.

The enhanced security coverage empowers IBM’s service with Evaluation Assurance Level certification of EAL5+ and encapsulates the blockchain into a virtual appliance. Further, the log data stored through the blockchain service supports forensic, audit and compliance.

“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, in a statement.

Developer tools

In addition to developing the service offering, IBM has launched its open source developer tools to automate the building of blockchain models using the Hyperledger Fabric. There are also new blockchain governance tools to enable networking of different members at a single place.

Developers can use the newly launched tools to model business networks as well as create APIs and integrate them with the blockchain network and their existing systems.

A journey from the past

The new announcements by IBM are not the most fresh ones. In fact, the company had revealed its initial plans back in December with the announcement of its own blockchain ecosystem. It has been in partnership with the Linux Foundation to leverage Hyperledger Fabric v1.0 for the new service model.