IBM InterConnect has announced the new release of IBM Blockchain, an enterprise-ready blockchain service based on the Linux Foundation’s Hyperledger Fabric version 1.0. The service enables developers to build and host security-rich production blockchain networks on the IBM Cloud, and is underpinned by IBM LinuxONE.
The Linux Foundation’s open source Hyperledger Fabric v1.0 is being developed by members of the Hyperledger consortium alongside other open source blockchain technologies. The Hyperledger consortium’s Technical Steering Committee recently promoted Fabric from incubator to active state and it is expected to be available in the coming weeks. It is designed to provide a framework for building enterprise-grade blockchain networks that can quickly scale as new network members join and transact at rates of more than 1,000 transactions per second among large ecosystems of users.