IBMâs Blockchain Cloud Services on LinuxOne Server!
IBM announced a new cloud service that would enable companies to analyze performance, security, and interoperability of blockchain ecosystems in a secure cloud environment. The company claims that the new cloud environment, which is based on IBMâs LinuxOne (a Linux-only server) used for high-security projects, will enable businesses to analyze and run blockchain projects that handle private and confidential clientsâ data, but for now still beta mode.
Blockchain is a relatively new technology. It is made up of a distributed database developed to retain and secure data records that can neither be meddled with nor edited. The database is further structured into separate data blocks, which can be time stamped, holding a wide range of distinct information.
Blockchain was first designed by Bitcoin, a crypto-currency firm, as a method of protecting digital cash from manipulation and looting. The technology now has a wide range of applications and can securely store and transfer valuable information such as digital assets and money, intellectual property, and voting records.
Blockchain technology is gradually gaining traction and popularity in the business world. Enterprises are testing the practicality of implementing blockchain in cloud-based services. All business establishment need to maximize the security of customer data and transactions data. Blockchain offers exactly that.
But a data breach in a blockchain project could be disastrous for a company and its clients. Blockchain transmits precious digital information. Data breaches cost business enterprises up to $4 million in 2015. The number of cyber-attacks went up by 64% in 2015. These figures are ever on the rise. According to IBM experts, a breach on a blockchain ecosystem could be bad news for businesses.
IBM is giving clients the chance to test the IBM Blockchain. Testing the system and analyzing performance gives the buyer assurance that the system is secure and not susceptible to breaches.