IBM Announces Blockchain-As-A-Service for Developers
Tech giant is latest firm to throw its hat in the distributed ledger ring.

The basis of the announcement came after IBM submitted almost 44,000 lines of code to the Linux Foundation's Hyperledger Project, an open-source group which IBM is a founding member of.
"In just a few short months, IBM's vision for making blockchain a powerful new business solution across multiple industries is becoming a reality as our clients begin piloting innovative new code, services and z Systems [IBM's mainframes] optimized for distributed ledgers," said Arvind Krishna, senior vice president of IBM Research, in a statement. "These advancements are making it easier for developers to move from understanding the potential of blockchain, to actually using it to change their business processes in powerful new ways."
Big Plans
Blockchain-As-A-Service is one part of the firm's plan to help in the growth of blockchain technology. Developers will have the ability to create blockchain solutions on the IBM Cloud. Blockchain services will be made available on IBM's Bluemix, where develoeprs can access DevOps tools to create, execute, run, and monitor blockchain applications on the IBM Cloud.
IBM z Systems will also be made available for an extra level of security for sensitive or regulated data.
IBM also rolled out IBM Garages, which will aid in blockchain application design and implementation opening in London, New York, Singapore and Tokyo, where IBM experts will work with developers on blockchain applications for business.
IBM Global Business Services is also expanding its blockchain consulting practice for users in the banking, financial services and logistics space. IBM Interactive Experience (IBM iX), a global digital agency, will also look to work with users to co-design use cases for blockchain in over 25 IBM Studios.
London Stock Exchange Group (LSEG) is partnering with IBM on its efforts to help in the blockchain movement.
"London Stock Exchange Group is directly engaged in the development of the open blockchain technologies with IBM and we are excited to help enable the creation of solutions that will help manage risk and bring additional transparency to global financial markets," said Moiz Kohari, group head of technology innovation of London Stock Exchange Group, in a statement. "We believe this technology has the potential to drive change across the industry but will need to be developed in partnership with customers and industry participants under an open source approach."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
BNY CEO updates on ‘platform’ operating model, AI rollout
In its Q2 earnings call, the bank outlined its progress on rolling out its new operating model and ‘Eliza’ internal AI assistant.
NZX outlines plans to bolster fast-growing dark pool
Since launching one year ago, NZX’s dark book has 5.5% of the exchange’s total turnover, and price improvement per trade on average is 11 basis points, but the exchange has more in store.
Waters Wavelength Ep. 325: Octaura’s Brian Bejile
The CEO joins the podcast to talk about the vendor’s modernization efforts in credit and CLOs.
Agentic AI comes to Bloomberg Terminal via Anthropic protocol
The data giant’s ubiquitous terminal has been slowly opening up for years, but its latest enhancement represents a forward leap in what CTO Shawn Edwards calls, “the way we should talk to the world.”
M&G Investments braves cost headwinds in pursuit of AI
The UK asset manager’s AI ambitions started with the creation of a data lake to ensure high-quality data is being fed into models.
Droit awarded patent, US CT plan shapes up, Chicago traders go to court, and more
The Waters Cooler: TNS expands 24x5 trading, SIX and Pictet complete a token pilot, and an Asic probe spells more trouble for ASX in this week’s news roundup.
GenAI too risky for collateral processes
The technology has been heralded as game-changing for other areas of finance, but its potential to hallucinate may disqualify it from sensitive settlement procedures.
Waters Wavelength Ep. 324: A philosophical conversation about AI
This week, Reb and Nyela discuss BNY’s digital workers, and what the use of AI in society signals for the future.