IBM launched block-chain platform for working with cloud services in Australia

Bitseven.com – IT-giant IBM announced a launch of main net for accessing cloud services in Australia. Its operation will be supported by Melbourne data-center, reported digital media ZDNet.

Main network of IBM is built on Hyperledger Fabric, an open-source code platform using distributed registry technology. Using this new product from IBM users will be able to launch their own applications after connecting to cloud services of the company.

Another data-center for supporting their network IBM plans on opening at the end of March in Sydney. The head of the blockchain-branch of the company in Australia and New Zealand Rupert Colchester announced, second center for data processing will make this technology more accessible and will create additional capacity.

Due to all the data will be physically stored on the territory of Australia, there won’t be a need to send users personal data cross border, which will provide an extra level of security for state and financial applications.

According to Colchester, blockchain technology really is widely distributed. Many companies from different industries are looking into some way or another of applying this innovation technology. Entrepreneurs are more interested in improving business processes and soling efficiency problems.

His words are confirmed by looking into different cases about blockchain implementation in Australia. In January Australian service for money transferring FlashFX joined RippleNet and announced that they want to use XRP tokens for cross-border transfers, and at the end of last year National Transport Insurance company (NTI) of Australia started testing of tracking meat deliveries abroad system based on blockchain.

IBM itself is studying different ways of applying this technology. Just recently we have told you about them successfully testing an implementation of blockchain platform for delivering tangerines from China to Singapore. And the other day it became known that IBM’s branch is engaged in development of a system on blockchain and Internet of Things (IoT), which will control groundwater extraction and consumption in dry regions of California.