In February 2016, IBM announced a number of initiatives spanning technology and business consulting that significantly expand its blockchain technology services and solutions. These offerings include a blockchain-as-a-service for developers, IBM “Garages” for blockchain application design and implementation in global financial hubs, and blockchain-based Internet of Things via the Watson platform.

On 29 April 2016, IBM launched a  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. Through this framework, the US technology giant is addressing the security needs of clients, startups and developers building blockchain applications in several ways, including cloud services with Federal Information Processing Standards (FIPS 140-2) and Evaluation Assurance Levels (EAL) in the industry to support the use of blockchain in government, financial services and healthcare.

IBM is also specifically testing blockchain technologies in two separate pilots with the London Stock Exchange Group (LSE) and the Japan Exchange Group (JPX).

IBM has released its proprietary blockchain code to the Hyperledger Project, an open source blockchain development project at the Linux Foundation. IBM is part of a co-proposal with Digital Asset Holdings to merge codes to be incubated at Hyperledger.

Blockchain Identity

IBM have been working with Credit Mutuel on a blockchain identity project, whereby bank customers will be able to prove their identity through the platform to third parties. According to Coindesk, Crédit Mutuel COO, Frédéric Laurent said:

This project offered a complete view of customers’ documents across our distributed network and helped us to understand and master blockchain for other client uses.

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