International Business Machines Corporation (IBM) is now included in the long list of companies that are betting big on blockchain, the ledger technology behind bitcoin and other cryptocurrencies.
IBM is offering Blockchain as a Service based on the open source Hyperledger Fabric 1.0 from the Linux Foundation. It is a participating member of Hyperledger project to advance cross-industry blockchain technologies.
IBM Blockchain is a public cloud service, which allows its clients to develop, deploy, and manage blockchain networks that are secure and transparent.
In a recent interview with Xconomy, Ramesh Gopinath, the vice president of blockchain solutions and research at IBM, said, “For us, blockchain is all about trust in business transactions. While the technology itself has its origins in Bitcoin and cryptocurrency, we view that as one application of the underlying capability.”
IBM is partnering with industry giants on blockchain projects
Currently, IBM has more than 1,500 employees working on blockchain products and consulting services. So far, the company has worked on 400 blockchain projects in in different industries.
