IBM Delivers 'First Enterprise-Ready' Blockchain Service

 

IBM has claimed it has the lead in the increasingly competitive blockchain and distributed ledger technology market, saying the new release of its IBM Blockchain service is the first "enterprise-ready" one of its kind. 

Like other companies, IBM is basing its blockchain on Hyperledger, the open-source project hosted at the Linux Foundation. Recently, Hyperledger Fabric version 1.0 was promoted from the Foundation's incubator program to "active" status. The v1.0 release is expected to be released shortly. 

Big Blue is one of the biggest and most active contributors to Hyperledger, having contributed key code to the effort that produced the incubation project. Since then, the diversity of contributors to Hyperledger has reached 45 percent, after starting out with nearly none, according to the Linux Foundation.