Blockchain technology can mean many things to many people, but one key tenet of the technology is that it is dependent on the network effect. The larger, more open, diverse and distributed a network, the stronger its trust mechanisms and the greater its value to members across a network.
However, this can create challenges in the technology realm as members of an ecosystem typically operate or use a wide range of computing environments. Today, 85 percent of businesses rely on multiple clouds to meet their IT needs, with 71 percent using more than three. On top of that, businesses need open cloud technologies, which enable them to move applications and data across multiple clouds easily and securely. This emerging demand to manage business applications such as blockchain, in the cloud, across multiple cloud environments, was a key element of IBM’s recent announcement of its intent to acquire Red Hat and, after more than 500 successful client engagements, our IBM Services team has helped define this new offering. The IBM Services team continues to deliver on the demand for bringing multiple business networks and network environments together for client value.
To support clients as they work to accelerate solutions that rely on blockchain, IBM is initiating the IBM Blockchain Platform “anywhere” strategy as something a wide range of clients can implement — whether on the IBM Cloud, on another preferred cloud environment such as AWS, or locally using on-premises data centers. The IBM Blockchain Platform is designed to accelerate the creation of enterprise blockchain solutions. It’s powered by Hyperledger Fabric, an open source blockchain framework from The Linux Foundation, and provides an end-to-end solution for production enterprise blockchain network development, governance and operation. The requirements for this offering were based on feedback from more than 500 client engagements with IBM Blockchain Services.
Different industries and networks require diverse infrastructure configurations, and that’s why we’re working to help clients and their developers enable blockchain solutions to be deployed across multiple IT environments. The reasons are many, but these are the top three:
Data residency and privacy: Enabling customers to store a copy of their ledger in their own infrastructure, behind their firewall, without leaving the country
Infrastructure without lock-in: Enabling organizations to work with their infrastructure of choice without being locked into a single vendor
Recruitment and consortium growth: Attracting members to a network or consortium by offering flexible deployment options
IBM is already seeing a wide range of scenarios and use cases embrace what we are calling the power of “anywhere,” which is why we are releasing two offerings to help facilitate the growth of distributed networks.
IBM Blockchain Platform for AWS is designed to enable clients to deploy distributed peers (ledgers) on the AWS Cloud, which leverages the connection profile, Hyperledger Fabric certificate authorities (CAs) and ordering service of an existing network on IBM Blockchain Platform to process transactions. The offering includes Quick Start templates to enable the set up and deployment of peers on AWS.
IBM is making bold moves to lead the way in open cloud technology. And today, we are continuing that momentum by announcing IBM Blockchain Platform for IBM Cloud Private, an offering that delivers the components that an organization needs to connect their on-premises computing systems to cloud-based blockchain networks.
This offering allows users to deploy IBM Blockchain Platform in two ways:
Connect a peer node to existing blockchain networks: Set up distributed peers in an organization’s own private cloud and connect the peers to public IBM Blockchain Platform networks. Meet data residency and other compliance requirements quickly and simply.
Build new Hyperledger Fabric blockchain networks on their infrastructure of choice: Develop IBM Blockchain Platform custom-managed networks faster, with more flexibility, greater control and with the backing of IBM technical support.
Privacy concerns and data regulations such as GDPR can impact how and where data can be stored within a blockchain network. The IBM Blockchain Platform for IBM Cloud Private is built on Kubernetes-based container-orchestration and is designed to help organizations modernize their operations while mitigating security and data loss risks. Users can have a copy of the ledger on their own infrastructure within country borders, and can leverage more control, while at the same time enriching Hyperledger Fabric use with additional operational, development and governance tools and 24x7x365 support from IBM.
As clients evaluate enterprise-grade blockchains, they can protect their sensitive data with LinuxONE and IBM Z® highly secured servers, which offer the highest levels of encryption commercially available for sensitive data on a blockchain network.
With IBM’s new Multicloud Manager, users will be able to manage and integrate their blockchain workloads across clouds from different providers from IBM to AWS, Red Hat and Microsoft.
Accenture has been using IBM’s blockchain offerings for client implementations since 2017. Prior to the IBM Blockchain Platform for IBM Cloud Private and IBM Blockchain Platform for AWS capabilities, Accenture would build their own implementations of Hyperledger Fabric when clients required an on-premises environment. Now, Accenture is able to recommend and customize service around the end-to-end IBM Blockchain Platform for nearly any client, regardless of their infrastructure.
These offerings help break down infrastructure barriers and can allow organizations to access the IBM Blockchain Platform in the environment of their choosing.
In the enterprise world, the success of blockchain relies on building and scaling business networks. We’ve blazed a trail at IBM with several emerging networks such as IBM Food Trust™ and TradeLens. These blockchain networks are still in early days and show great promise, though there are many open opportunities to tackle use cases that […]
From powering our smartphones, enabling electric vehicles to break into the mainstream, or massively improving renewable energy storage, lithium-ion battery technology is transforming consumers’ lives. Battery technology is making our cities greener while allowing the devices we rely on each moment of the day to operate more efficiently. Yet there is a conundrum. How do […]
As we enter 2019, the world has turned a corner, advancing from just unleashing the possibilities of blockchain technology to realizing its tangible impact across the globe. Because blockchain continues to reshape business faster than ever — and from your feedback on what you expect regarding our editorial content — the time felt right to […]