IBM Goes Live With First Commercial Blockchains

IBM Goes Live With First Commercial Blockchains

IBM Goes Live With First Commercial Blockchains

As Featured on CoinDesk.com

Tech giant IBM is set to unveil what it's calling the first "commercial application" of Hyperledger’s open-source Fabric codebase.

Previously released in beta and scheduled for official release today, the offering – dubbed "IBM Blockchain" – is formally debuting in front of a group of 20,000 developers at the Interconnect conference. There, its first two major deployments will also be detailed.

One of those is a blockchain identity solution built with SecureKey, in which it will power a public-private partnership that saw six Canadian banks invest $27m. In addition, it will be revealed that a Chinese energy company is using the IBM Blockchain to create an exchange for trading carbon credits.

In conversation with CoinDesk, Jerry Cuomo, IBM's vice-president of blockchain technologies, described how the company used Hyperledger's open-source code to create a series of new features, which are now in use as part of its IBM Blockchain product.

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