ARMONK, N.Y. – 29 Apr 2016: Since blockchain is an emerging technology, until now there has been little clarity on the requirements to securely operate blockchain networks in the cloud. To help speed the adoption of blockchain for business, IBM (NYSE: IBM) today announced a new framework for securely operating blockchain networks, as well as new services on the IBM Cloud that are designed to meet existing regulatory and security requirements.
With the opening of the IBM Garage this month in New York City, IBM is also working with clients such as BNY Mellon to accelerate the design and development of a unique application for securities lending, using a blockchain network to trade and transfer assets. “At BNY Mellon, we are actively exploring blockchain’s potential to better serve our clients and our company,” said Suresh Kumar, CIO, BNY Mellon. “With this new initiative, IBM is providing an environment that will allow companies like us to collaborate more easily and more securely and in a more standardized way, which is critical to advancing meaningful use cases for blockchain.”