Introducing IBM Blockchain Platform 2.5: Helping advance the new era of multi-party systems

By Andy Carelli, Director, Blockchain Platform – Offering Management and Market Development, IBM



New collaboration models are emerging out of necessity today and for better preparedness tomorrow. It’s evidenced in the way supply chains are changing to provide better visibility for the distribution of emergency supplies. We see the need for public and private information to be validated and shared between healthcare institutes and government authorities to support humanitarian efforts. These applied areas are examples of how innovation is being given a chance to prevail over traditional approaches. For blockchain enthusiasts, it’s an exciting opportunity to challenge the status quo and shift to multi-party systems.

In just the last few months, we have seen a number of new conventional and unconventional use cases that illustrate how organizations overcoming old and new challenges by leveraging an enterprise distributed ledger technology. These include IBM Rapid Supplier Connect, a solution that helps medical organizations quickly find alternative suppliers, to an FDA pilot to create a blockchain-based pharmaceutical supply chain. Blockchain initiatives are transforming supply chains, giving developers access to reliable, more trustworthy dataand identifying entirely new uses cases on their own.

New Era of Multi-Party Systems

We’re on the cusp a new era of multi-party systems. Multi-party networks, spanning across industries, are leveraging the clear advantages of real-time, trusted, tamper-proof data exchange. Businesses, industry experts, regulators, and people are leveraging new collaboration models to share and record data in a way that preserves both privacy and transparency, and ensures the validity of transactions. This technology is providing the basis for unprecedented levels of trust to support shared processes, and instilling confidence in a validated source of truth to support decision-making. Transparency under privacy controls forms the basis of a more effective business network.

At IBM, we are committed to delivering the most advanced and comprehensive tools, technologies, and infrastructure within our IBM Blockchain Platform to help advance powerful multi-party systems.

Introducing IBM Blockchain Platform 2.5

Today, we are excited to announce the release of IBM Blockchain Platform version 2.5, which improves on IBM Blockchain Platform version 2 in a number of ways. These include supporting the latest open source innovation with Hyperledger Fabric 2.0and delivers new integrations with Red Hat technologies. It boosts security, usability, flexibility, and development speedwith support for Hyperledger Fabric 2.0, Red Hat CodeReady Workspaces, Red Hat OpenShift 4.3, and Ansible Content Collections. This release delivers upon aspects of the advancements we highlighted at our digital IBM THINK conference in May.

Register for our weekly User Series webcast to see a live demonstration of some of these new features and get your questions answered by the experts!

About IBM Blockchain Platform

Begin or advance your efforts in enabling multi-party systems powered by the leading automation and governance platform for Hyperledger Fabric.

IBM Blockchian Platformis available as a managed service offering on IBM Cloud

and as a multicloud offering that can deployed in any environment – private, public or hybrid multicloud, or on-premises behind your firewall to meet data residency requirements.

Tourour offering and learn more onhow to get started with IBM Blockchain.

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Eight New Organizations Join Hyperledger

Hyperledger has announced that the eight new organizations from across the globe have joined the company and now the part of the company. The organizations include IOHK, DB Systel GmbH, IOVlabs, Atomyze by Tokentrust AG, Binarystar and Public Mint.

The company allows the organizations to create concrete industry-focused platforms, hardware and applications to support seamless transactions over their platform by integrating open source and enterprise-grade ledger frameworks, tools and libraries.

The company has offered a number of blockchain technology projects, including client libraries, utility libraries, small contract engines, graphical interfaces, sample applications and distributed ledger framework. All the company’s code is built under license from Apache.

Executive Director of Company, Brian Behlendorf said, “While the dramatic developments over the last few months have created a new and unexpected set of challenges for all of us, the enterprise blockchain community has shown great solidarity and is now focused on new ways forward.”

“As a technology, blockchain is and will play an important role of adding trust and transparency to the most essential of transactions and communications. It’s never been clearer that we are past the proof of concept stage for enterprise blockchain. As our line-up of new members underscore, the Hyperledger community is about putting blockchain to work in impactful ways around the world and across industries,” Brian Behlendorf further added.

CTO at Atomyze by Tokentrust AG, Bertalan Vecsei said, “At Atomyze, we envision to facilitate the digitization and tokenization of commodities and enable them to be traded in a simple and secure way, as well as provide accessibility to illiquid markets.”

“To make this a reality, we have strengthened key partnerships and are in development of a new and next-generation eco-system, with Hyperledger Fabric at its core. We are thrilled to be part of the Hyperledger community and look forward to the continued collaboration,” Bertalan Vicsei concluded.

Cardano News Today – Cardano Seals Deal With Hyperledger But ADA Gets Hit By the Bears As it …

  • Cardano Successfully Seals a Deal With Hyperledger
  • Cardano ADA Nosedives, Falls Below the $0.0700 Level Despite the Upcoming Cardano Shelley Mainnet Launch

Cardano News Today – Hyperledger has spent the last few years recruiting the best blockchain firms to join its network. The latest blockchain to join the Hyperledger group is Cardano and it has brought the number of companies using the blockchain as high as 250. Some other popular companies in the Hyperledger network are Ripple, FedEx, Walmart, and Huawei. This number is only going to keep increasing so it’s not a surprise that Cardano has joined the group. Cardano isn’t the only firm that joined Hyperledger recently. In the announcement, Hyperledger announced that the new members are DB Systel GmbH, IOVlabs, Public Mint, Binarystar, Atomyze by Tokentrust AG.

Cardano News Today – What will Cardano Gain From Joining the Hyperledger Group?

The Hyperledger group is an open-source blockchain consortium that is focused on introducing structures and solutions that benefit its members. While it is a blockchain consortium, not all the members of the group are blockchain-based companies. Joining Hyperledger will open a door of limitless opportunities for Cardano. Roman Pelerin, the Chief Technology Officer at IOHK, had this to say about partnership;

Cardano (ADA) Price Today – ADA / USD

Name Price
cardanocardanocardano

Cardano

$0.078

“One of IOHK’s founding principles is its belief in nurturing a collaborative ecosystem for blockchain development. Our commitment to knowledge-sharing and to our deeply-held principles of open-source serves as the rationale behind becoming a member of the Hyperledger community.”

Hyperledger also had something positive to say about its new members;

“Our goal at Hyperledger is to bring together a strong and diverse community to advance cross-industry blockchain technologies,” said Brian Behlendorf, executive director at Hyperledger. “IOHK has the deep domain expertise and a strong vision for decentralized networks that make it a great addition to our community.”

Cardano News Today – Cardano ADA Falls Below the $0.0800 Level As Bulls Lose Their Grip

At the time of writing, the price of the token was $0.079497. It is down by 2.74% against the USD and down by 0.03% against Bitcoin BTC. The trading volume over a 24 hour period is $322,894,805 and the market capitalization is $2,061,135,466. The Cardano ADA price is falling after a significant surge against the USD over the last few weeks. After rising by more than 70%, the price of Cardano ADA is now entering the bearish territory. With the Cardano Shelley mainnet launch is on the way and it’s surprising that the ADA token is losing its bullish grip at this time. It’s possible that people are selling their tokens because they don’t know what to expect after the Shelley mainnet launch.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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Hyperledger’s new members include Deutsche Bahn, commodities platform

Yesterday enterprise blockchain consortium Hyperledger added an interesting and varied group of new members. They include DB Systel, the technology arm of Deutsche Bahn, Atomyze the commodities securitization platform initiated by NorNickel, and multiple projects with links to public blockchains.

It’s been two years since we first wrote about DB Systel, the digital arm of the Deutsche Bahn railway group. Even then, the company had some surprisingly advanced blockchain solutions, including an energy trading platform to sell excess solar and wind to large B2B customers.

NorNickel is a big fan of blockchain. The Russian company is the world’s largest palladium producer and a significant producer of nickel, platinum and copper. Last year it set up Atomyze by Tokentrust in Switzerland to tokenize commodities using Hyperledger Fabric. And it’s attracted some major commodities traders such as Trafigura.

Bertalan Vecsei, CTO at Atomyze said they plan to “enable them (commodities) to be traded in a simple and secure way, as well as provide accessibility to illiquid markets.”

Two new Hyperledger members, IOHK and IOVLabs, are known for public blockchains. The smaller of the two is IOV Labs, which is associated with the RSK protocol. It has an enterprise blockchain track record following two high profile projects in Argentina for gas distribution giant Gasnor and an interbank settlement solution.

Meanwhile, IOHK is associated with the Cardano blockchain, the public blockchain with a $2 billion market capitalization. IOHK CTO Romain Pellerin said: “IOHK firmly believes that a community’s overall success largely depends on its ability to collaborate. It’s great to be involved in an organization which shares that philosophy and is working towards utilising blockchain to create a better industry, and more open, accessible world.”

In a blog post Pellerin said that it wants to “provide visibility and share components of IOHK’s interoperable framework.”

The other two new full members are Public Mint and Japan’s Binary Star. Also, Hyperledger added two associate members, the token standards body InterWork Alliance and the Global Blockchain Business Council (GBBC).


Image Copyright: Ledger Insights

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