IBM deepens its commitment to open source Hyperledger Fabric

IBM Fabric Console

IBM Fabric ConsoleIBM is deepening its contributions to Hyperledger Fabric. It is providing code which it (IBM) says makes it easier to develop and deploy blockchain solutions for business.

Per Kareem Yusuf, the IBM General Manager, AI Applications and Blockchain: “We know that many customers working with open-source need extended support, and we will continue to provide access to our expertise through our services business, which continues to grow.

“We are also announcing an entirely new Hyperledger Fabric support offering, which will include access to IBM Certified Images, Code Security Scans, Break/Fix Level 3 Support and 24/7 customer support. This offering will be available in the fall through the Red Hat Marketplace and will offer the same level of Fabric support that previously was only available to our IBM Blockchain Platform customers.

“We are also donating the code that supports token exchanges on Hyperledger Fabric, Fabric Token SDK, as well as support for DLT Interoperability.

Hyperledger Fabric

Hyperledger Fabric is the open-source project from the Linux Foundation. Its attraction is it is a modular blockchain framework for enterprise blockchain platforms. Intended as a foundation for developing enterprise-grade applications and industry solutions, its architecture exploits plug-and-play components so as to accommodate a wide range of use cases.

To date, there are more than 100K contributing organizations and more than 15K engineer contributors working together. As such Hyperledger Fabric can be said to offer an approach to consensus which:

  • facilitates performance at an enterprise scale
  • preserves the data privacy that enterprises demand.

The IBM Blockchain Platform Console/Fabric Operation Console contribution

Most enterprises need tools for network management and governance. Such tools enable them to build and scale blockchain networks quickly – and to manage governance.

Part of the IBM contribution is the underlying code for the IBM Blockchain Platform Console. IBM expects this to become part of what is now the Fabric Operations Console. This Fabric Operations Console:

  • allows different platforms to integrate with a Hyperledger Fabric network
  • enhances standardisation
  • improves ease of use of the platform.

Enterprise Times: what does this mean

It is not easy to determine the significance of this IBM donation. On the one hand, IBM is contributing both knowledge and capability in an area where enterprises value greater capabilities. On the other hand, it is hard to assess whether the Fabric Operations Console will become anything of great use.

More interesting to Enterprise Times is the IBM “code that supports token exchanges on Hyperledger Fabric, Fabric Token SDK, as well as support for DLT Interoperability”. But there is no detail and this interoperability is a critical issue.

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IBM open source its own blockchain code

Provide the licensed code to the general public

Technology giant IBM has announced that it will open source many of its blockchain code to make the blockchain “Hyperledger Fabric” more convenient. It will also start offering a paid service to support Hyperledger Fabric users.

The popular enterprise blockchain “Hyperledger Fabric” is a permission type (requires administrator permission to participate) chain adopted by many companies, and smart contracts can be written in general-purpose programming languages ​​such as Java and Go. It is applied in various fields such as the construction of a secure management / sharing system for medical data and the system for tracking food products to improve traceability.

Relation: What is Hyperledger Fabric, the most used blockchain framework for enterprises?

“Hyperledger Fabric” is an open source project provided by the Linux Foundation, but IBM has been involved in the development from the beginning.

IBM is now providing code that facilitates the development and adoption of blockchain solutions for businesses. It also includes the console’s underlying code, which makes it easy to integrate different platforms with the Hyperledger Fabric network, improving the platform’s usability.

The code was previously licensed by IBM, but is now open source. It also provides a “Fabric Token SDK” that enables token exchange on “Hyperledger Fabric” and code that supports the interoperability of distributed ledgers.

At the same time as the code is open sourced, a paid user support service will be launched for companies that use “Hyperledger Fabric”. This includes 24-hour customer support and code security scanning. It is expected to be available from this fall through the IT infrastructure market “Red Hat Marketplace”.

Blockchain business based on case studies

“To strengthen Hyperledger Fabric and establish a vibrant platform for everyone to innovate,” said Kareem Yusuf, head of artificial intelligence and blockchain at IBM, behind the move.

According to Yusuf, it makes sense to open source because the core blockchain technology and IBM’s blockchain platform itself are not very profitable. Yusuf commented on the blockchain media Ledger Insights:

A blockchain platform is a means to achieve a certain purpose (case study). We believe that having a more vibrant and widely adopted platform makes it easier to generate revenue based on actual end-user adoption cases.

In this direction, Yusuf cited the following three specific business fields.

  • Consulting to realize specific customer use cases
  • Products that integrate with other solutions
  • Enterprise grade customer support

Yusuf explained that it is possible to determine the functions required for the platform by calculating back from specific adoption cases such as traceability and carbon emission calculation. “I think we’ve entered the stage of large-scale adoption (of blockchain), so we have to clarify the case studies,” he said.

Withdrawal of blockchain business is denied again

The company denied this in February of this year when it was reported that IBM was shrinking its blockchain business. Yusuf also mentioned the matter, saying, “We haven’t withdrawn from the blockchain, we’ll focus on how to use it productively.” In the future, it seems that it will focus on supporting specific adoption cases of blockchain technology.

Relation: IBM spokeswoman denies blockchain business contraction = press

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Author: A. Yamada

Reference: IBM, Ledger Insights

Images used under Shutterstock license

“Cryptocurrency” means “cryptographic assets”

About Post Author

Miu LinMiu LinMiu Lin

Miu Lin

Miu is a journalism major and has been writing as a business journalist for various dailies before joining OBN. She currently writes about blockchain, cryptocurrencies and business news.

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    How Hyperledger Powers the IBM Digital Health Pass | Meetup

    IBM has been leading the global movement towards secure, privacy preserving health credential management, most recently to enable the safe return to work, travel and entertainment with IBM Digital Health Pass. Building on global standards and Hyperledger Fabric, Digital Health Pass is being used by Governments and the Private Sector across a number of countries worldwide. Anthony Day (Blockchain Leader, UK&I) and Paco Curbera (Lead Architect, Digital Health Pass) will share their experience from working with IBM’s clients worldwide, and talk you through the fundamental architecture of Digital Health Pass. This talk will be followed by a Q&A session where the wider group will get to share its thoughts and ideas on this important topic.

    Anthony Day is a Partner in IBM’s UK & Ireland Blockchain team. He leads Blockchain transformations and creation of new business networks for IBM clients across a range of industry sectors. Anthony is an experienced leader with a demonstrated history of helping clients achieve growth, define impactful digital strategies and launch new businesses powered by exponential technologies (Blockchain, AI, Robotics, Open Platforms, Cloud). He also hosts the Blockchain Won’t Save the World podcast. Check out Anthony’s posts on linked in!

    Francisco Curbera is Director of Innovation at IBM Watson Health, where he leads the development of blockchain technology and solutions for the healthcare and life sciences industries. Prior to that he directed technology and research programs for IBM Watson Health and was part of the IBM Research division where he lead research in service oriented computing, business process management and health informatics. He holds a B.S. in Physics from Universidad Complutense in Madrid, Spain, and a Ph.D. in Computer Science from Columbia University in New York.

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    Hedera Hashgraph, IBM join hands to enhance public, private interoperability

    • Hedera Hashgraph, a decentralized ledger technology creation project, has formed a formal collaboration with IBM.
    • The “Tech Preview” initiative aims to increase connectivity between private and public chains.
    • As the relationship grows, Hedera and IBM will co-sponsor an interoperability webinar on the 30th of this month.

    IBM stated that it is most interested in how the public and private networks connect. IBM and Tata Communications, Indian telecommunications firms, have joined the governance council of Hedera Hashgraph. It is a blockchain-like public network for enterprises. IBM was the first global technology company to join the network. Tata was the first Indian company.

    The strategic alliance between the private and public sectors

    Nomura, a Japanese financial holding group, Deutsche Telekom, and DLA Piper, a law firm, are among the network’s other controlling members. Hedera allows council members to participate at this stage in the network’s lifecycle and pays them a fee for running nodes.

    It can integrate the core innovation of proof-of-work blockchains like bitcoin and ethereum without the average performance and privacy trade-offs associated with these networks”.

    ADVERTISEMENT

    IBM can use the Hedera Hashgraph to create confidence in custom Hyperledger Fabric networks since it is built to unify public and private networks. “Hedera Consensus Service enables Hyperledger projects to use the service to place transactions in order, removing the need for them to stand up nodes for transaction ordering, and they get the confidence model of a public network,” Harmon explained.

    Tata Communications, which is part of the Indian conglomerate Tata Group, could not be reached for comment immediately but said in a statement that it plans to use distributed ledger technology to increase operational performance.

    Hedera is paying attention to secure coins and non-fungible tokens (NFTs).

    Hedera has been looking at increasing demand for interoperability, particularly in the CBDC and stablecoin areas, even before the IBM partnership. He created a stable coin platform in 2020 that used both private chains and Hedera’s decentralized technology, HCS. Quantstamp, which is known for auditing well-known projects like Ethereum 2.0, was in charge of the audit.

    The NFT market, which is currently attracting interest, is expected to use technology based on private chains and HCS when transforming assets that require privacy, such as real estate, financial products, and insurance policies, into NFTs.

    In 2009, the “Governing Council,” which oversees Hedera’s decentralized governance, saw a rise in the number of companies and organizations involved in asset tokenization, such as CBDC, secure coins, and NFTs. It’s fair to say that Hedera’s involvement in this area is rising.

    Standard Bank is currently developing and running four blockchains on an IBM blockchain network that is private and approved. Auditability, network extension, and large numbers of participants would all be feasible with a combination of public and private.

    Join The Coin Republic’s Telegram Channel for more information related to CRYPTOCURRENCY NEWS and predication.

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    IBM Blockchain Is a Shell of Its Former Self After Revenue Misses, Job Cuts: Sources

    2017 financial statement, IBM called itself the “blockchain leader for business.” All mention of the technology is now absent from the company’s statements.

    No more TV commercials

    In the past several years, IBM has pushed ahead with a series of blockchain networks built on Hyperledger Fabric. Big Blue’s major blockchain networks are FoodTrust, a farm-to-supermarket tracking system backed by Walmart; and TradeLens, a shipping container logistics blockchain backed by Maersk. IBM has also added the Trust Your Supplier network and previously had a go at payments via World Wire.
    While cryptocurrencies and public blockchain networks appear to have flourished in 2020, the economic shock of COVID-19 has impacted innovation departments inside large firms, to the extent that areas not immediately generating revenue – such as blockchain – have been trimmed.
    Another source, an enterprise blockchain engineer with links to Hyperledger, estimated more than 100 blockchain-related jobs were cut at IBM over the last year.
    The source also pointed out that Jerry Cuomo, IBM’s head of blockchain and an evangelist for the tech going back to 2016, has been moved and is now working on artificial intelligence.
    “Jerry is indeed overseeing additional strategic, high-growth parts of the IBM business but is still involved in blockchain,” said Haswell, the company spokesperson. “He is a very senior technical leader and that is what we do in IBM – people’s roles expand.”
    Zack Seward contributed reporting.

    Source

    coindesk
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