IBM is one of the tech giants who want to bring blockchain technology to everyone in the world. As of yesterday, July 14, the company announced a new cloud service for enterprises requiring a secure environment for blockchain networks. Interestingly enough, IBM advertises this platform as “ideal for businesses in regulated industries.”

Running and testing blockchain projects handling private data is an absolute must before releasing them to the public. This new secure blockchain cloud environment by IBM [NYSE: IBM] will provide exactly that. It is underpinned by LinuxONE, which is dubbed to be the industry’s “most secure Linux-only server”.

New IBM Cloud Environment For Blockchain Testing

Anyone who has been paying attention to the technology sector will have noticed the excitement surrounding blockchain technology. Cloud-based infrastructures will play a vital role in bringing this technology into the mainstream. Services such as Microsoft Azure offer a similar experience, where users can deploy blockchain solutions in mere minutes, and begin testing right away.

Everledger CEO and Founder Leanna Kemp stated:

“Having the opportunity to build, test, scale and refine Everledger on IBM Blockchain, underpinned by a security-rich infrastructure, is a game changer. It has accelerated our ability to move fast and deliver the most innovative solutions to our partners internationally and confidentially.”

Security and compliance are two critical aspects in the blockchain industry. With the number of data breaches increasing year over year, something has to be done to create a safer environment. Blockchain technology seems to be checking all of the proverbial boxes. Moreover, this technology provides security that encompasses not just the blockchain itself, but everything linked to it as well.

One of the critical flaws in most cloud environments come in the form of insecure entry points. Moreover, there is always the risk of somebody trying to pull off an ‘inside job”. The recent attacks against banks connected to the Swift payment network are a prime example of how insider threats need to be nipped in the bud.

Although the new IBM enterprise cloud service for blockchain networks is still in limited beta, an official launch is expected for later this year. Clients can quickly and conveniently access partitioned blockchain networks to test and deploy their proof of concept. Technology giants such as IBM are an excellent partner to bring the concept of blockchain technology to mainstream enterprises and developers.

Source: Finextra

Header image courtesy of IBM

About JP Buntinx

JP is a freelance copywriter and SEO writer who is passionate about various topics. The majority of his work focuses on Bitcoin, blockchain, and financial technology. He is contributing to major news sites all over the world, including NewsBTC



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