IBM today announced a new framework for securely operating blockchain networks, as well as new services on the IBM Cloud that meet stringent regulatory and security requirements. According to the company, IBM has created essential new cloud services for tamper-proof, trusted blockchain networks.
"Clients tell us that one of the inhibitors of the adoption of blockchain is concerns about security," said Jerry Cuomo, vice president of Blockchain, IBM. "While there is a sense of urgency to pioneer blockchain for business, most organizations need help to define the ideal cloud environment that enables blockchain networks to run securely in the cloud."
IBM is launching several initiatives to address the security needs of clients, startups, and developers, including cloud services with the highest Federal Information Processing Standard (FIPS) 140-2 and Evaluation Assurance Level (EAL) in the industry to support the use of blockchain technology in government, financial services and healthcare.
"Blockchain is a highly innovative and promising technology. However there are a lot of issues to be solved for enterprise systems," said Eiji Ueki, director and executive vice president of NTT DATA. "IBM’s new blockchain cloud service is directly trying to address those issues. We believe this will help accelerate the maturation of blockchain technology."
IBM is offering new cloud services to help businesses quickly host secure, tamper-resistant networks and scale to thousands of users, including tamper-resistant storage of crypto keys and services to enable blockchain peers to run in protected environments to prevent leaks through shared memory or hardware. According to the company, the new cloud services achieve the ideal criteria for cloud-based blockchain networks by providing an auditable operating environment with comprehensive log data that supports forensics and compliance.
"When considering a cloud environment for a blockchain network or in a regulated industry, organizations must ask the right questions because not all cloud environments […]
