IBM Blockchain Launches Secure Cloud Service in Beta
July 19, 2016
Grazed from Cloudwards. Author: Editorial Staff.
Long associated with Bitcoin and not well understood, blockchain technology is generating more discussion, as well as going beyond its Bitcoin connection. IBM Blockchain has announced beta testing for a secure cloud service for the new technology. The IBM Blockchain beta is one of a series of recent announcements from the company of cutting edge technologies.
In May, they introduced IBM Quantum Computing, an experimental cloud-enabled quantum computing platform. In June, they launched the Data Science Experience, a cloud-based development environment for data scientists. Blockchain, as explained by IBM is: "a technology for a new generation of transactional applications that establishes trust, accountability and transparency while streamlining business processes"…
The technology has two main ideas: a business network and a shared ledger. The business network uses a “decentralized peer to peer architecture” with participants such as banks and securities firms as nodes. A consensus on transactions is reached as the peers validate and commit the items to reach a consensus…
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