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| DATE | 2017-04-03 |
| FROM | Ruben Safir
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| SUBJECT | Subject: [Hangout of NYLXS] IBM unveils Blockchain as a Service based on
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https://techcrunch.com/2017/03/19/ibm-unveils-blockchain-as-a-service-based-on-open-source-hyperledger-fabric-technology/
IBM unveils Blockchain as a Service based on open source Hyperledger
Fabric technology
Posted Mar 19, 2017 by Ron Miller (-at-ron_miller)
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IBM unveiled its “Blockchain as a Service” today, which is based on the
open source Hyperledger Fabric, version 1.0 from The Linux Foundation.
IBM Blockchain is a public cloud service that customers can use to build
secure blockchain networks. The company introduced the idea last year,
but this is the first ready-for-primetime implementation built using
that technology.
The blockchain is a notion that came into the public consciousness
around 2008 as a way to track bitcoin digital-currency transactions. At
its core blockchain is a transparent and tamper-proof digital ledger.
Just as it could track bitcoin’s activity in a secure and transparent
fashion, it’s capable of tracking other types of data in private
blockchain networks.
This could allow any private company or government agency to set up a
trusted network, which would allow the members to share information
freely, knowing that only the members could see it, and the information
couldn’t be altered once it’s been entered.
Jerry Cuomo, VP of blockchain technology at IBM, says his company is
offering a set of cloud services to help customers create, deploy and
manage blockchain networks. This fits in with IBM’s broader strategy to
offer a wide range of cloud services to its customers.
Although the blockchain piece is based on the open source Hyperledger
Fabric project of which IBM is a participating member, it has added a
set of security services to make it more palatable for enterprise
customers, while offering it as a cloud service helps simplify a complex
set of technologies, making it more accessible than trying to do this
alone in a private datacenter.
“Some time ago, we and several other members of the industry came to
view that there needs to be a group looking after, governing and
shepherding technology around blockchain for serious business,” Cuomo
told TechCrunch.
The Hyperledger Fabric project was born around the end of 2015 to
facilitate this, and includes other industry heavyweights such as State
Street Bank, Accenture, Fujitsu, Intel and others as members.
While the work these companies have done to safeguard blockchain
networks, including setting up a network, inviting members and offering
encrypted credentials, was done under the guise of building extra safe
networks, IBM believes it can make them even safer by offering an
additional set of security services inside the IBM cloud.
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While Cuomo acknowledges that he can’t guarantee that IBM’s blockchain
service is unbreachable, he says the company has taken some serious
safeguards to protect it. This includes isolating the ledger from the
general cloud computing environment, building a security container for
the ledger to prevent unauthorized access, and offering
tamper-responsive hardware, which can actually shut itself down if it
detects someone trying to hack a ledger.
What’s more, IBM claims their blockchain product is built in a highly
auditable way to track all of the activity that happens within a
network, giving administrators an audit trail in the event something did
go awry.
In addition to the blockchain service itself, IBM announced a customer,
SecureKey Technologies, a digital identity and attribute sharing
network. The company has been testing a consumer digital identity
network built on top of the IBM blockchain technology with banks in Canada.
If it works as advertised, it could end up greatly simplifying and
securing how we maintain and share our identities in a digital context,
allowing us to expose only the information the requesting authority
requires (and no more), while enabling us to revoke those sharing
privileges at any time.
Featured Image: Bryce Durbin/TechCrunc
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So many immigrant groups have swept through our town
that Brooklyn, like Atlantis, reaches mythological
proportions in the mind of the world - RI Safir 1998
http://www.mrbrklyn.com
DRM is THEFT - We are the STAKEHOLDERS - RI Safir 2002
http://www.nylxs.com - Leadership Development in Free Software
http://www2.mrbrklyn.com/resources - Unpublished Archive
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Being so tracked is for FARM ANIMALS and and extermination camps,
but incompatible with living as a free human being. -RI Safir 2013
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