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IBM Making Contributions To Drive Global Blockchain Enterprise Adoption

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“There are projects within Hyperledger that can deploy a network, help to visualize and monitor deployed networks, including performing operations to varying degrees. The latest announcement is that (the) IBM Blockchain Platform (is used) in many production applications. It is mature and seasoned. Having a self-hosted management portal with an intuitive UI that can hide complexities and reduce the network administration is a blessing in disguise for many.”

Public enterprise blockchains have become an ongoing trend this year. Companies such as Consensys have been driving forward the adoption of open, permissionless networks.

On the flip side – private blockchains are still being leveraged by enterprises, and we can expect to see them utilized more aggressively as innovation moves forward.

IBM has decided to show its commitment to enterprise blockchain development with its largest-ever contribution of open-source code – to Hyperledger.

IBM’s significant code contribution will make it easier for Hyperledger users to utilize Fabric, an enterprise-grade distributed ledger platform that caters to various enterprise use cases.

IBM Contributing Code to Hyperledger Drives Global Blockchain Enterprise Adoption Forward

“(We intend) to make sure we have a vibrant and active Hyperledger community. To support this, we have announced two key moves. One is the donation of our management console code capabilities, which was in our IBM Blockchain Platform, into the Hyperledger Labs world. Another is making available a support offering for those wishing to use Hyperledger Fabric with full-product support from IBM.”

The IBM blockchain platform is powered by what is known as Hyperledger Fabric. Hyperledger was launched in 2015 by the Linux Foundation as an open-source collaborative effort to advance cross-industry blockchain technologies.

Hyperledger community has strategized a plan for growth across the board, although the project remains more specifically focused on scale and adoption moving forward.

“Being able to manage Hyperledger Fabric has been challenging. A thing to consider here is support. By definition, a supply chain is a network that involves sharing information between suppliers and different parties, so you need a blockchain infrastructure to tackle inventory visibility, provenance, (and) responsible sourcing.”

From the perspective of IBM, you can expect to see them further implementing use cases that leverage the power of blockchain to bring actual end value to their customers – the enterprises adopting their blockchain solutions.

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