IBM has just launched an upgraded version of its enterprise blockchain platform.
Revealed Tuesday in a press release, IBM fellow and CTO Jerry Cuomo described IBM’s vision for the service as a "fully-flexible blockchain platform, built around a well-managed open source distributed ledger technology, that can truly run in virtually any computing infrastructure."
The rearchitected IBM Blockchain Platform allows clients to deploy to public clouds like IBM Cloud, AWS and Azure, or on company-hosted private clouds like LinuxOne. It's also added support for app management and deployment platform Kubernetes.
"This hybrid and multicloud approach will allow blockchain networks to work effectively across multiple environments," said Cuomo.
In addition, the revamped IBM Blockchain Platform has a number of new or improved capabilities allowing firms to manage the entire lifecycle of a blockchain network, according to the release.
For example, Cuomo cites the new IBM Blockchain Platform Extension for Visual Studio (VS) Code, which is designed to simplify the complexities of building with blockchain, helping users integrate their smart contract development and network management functions.
IBM Blockchain Platform has also added the ability for projects to deploy blockchain components only where and when they are required, and all manageable in one place. Users also have "complete control" of identities, ledger and smart contracts.
The offering further features a new pricing model that allows firms to "start small," paying just for the services they use, and increasing payments as they scale.
IBM image via Shutterstock
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.