We’re excited to announce the release of a new developer journey, Run blockchain technology on a Linux mainframe. Over the last two decades, we’ve seen a huge increase in the number of digital technologies that have disrupted entire industries. Whether it’s the world’s information at our fingertips through a smartphone, or the ability to construct and monetize new cloud applications built on a burgeoning API economy, the pace of change has never been greater. But there’s an emerging technology that is truly in ascendency: blockchain. It promises to transform entire business ecosystems by laying down a new digital fabric for business. The essence of blockchain is to significantly improve efficiency and trust in the transfer of assets between multiple parties in a given transaction. Over its lifetime, a single asset can traverse the books — that is, the ledgers — of multiple organizations. Image of a ledger

Slight differences, major problems

To bring this idea to life, just imagine your home: it starts life in the hands of a builder and then transfers between multiple owners, bringing together a collection of surveyors and legal teams in the process, all of whom contribute to property details, likely held in a national land registry. Today, each party associated with building, buying, and selling your home holds their own unique perspective of the transaction. There are multiple different copies of the same information — some of which may have been documented slightly differently or even incorrectly. So, which is the “true” version? This is where blockchain excels.

Uniform, secure, and true

In a blockchain ecosystem, each of the parties share the same perspective of the transaction. Rather than each party having their own view, they share a perspective of the same digital ledger, and that ledger is available to each of them. The genius of the blockchain implementation is that it simultaneously protects the identity of each party while enabling a single, trusted version of the “truth” to be recorded. Over the last 12-18 months, the potential of blockchain to simplify and secure asset transactions across all industries has been thrown into sharp relief. IBM is uniquely positioned to help organizations prototype and bring to market new and disruptive blockchain applications. As the largest contributor to the Linux Foundation’s Hyperledger® Project, IBM has a proven track record with blockchain implementations across multiple markets and industries. Image of a ledger Now, maximizing the capabilities of Hyperledger v1.0, IBM has launched the IBM Blockchain Platform. Built on IBM Z® technology, the IBM Blockchain Platform is a cloud-based solution that combines the essential qualities of service for a digital ledger with the inherent platform capabilities of the new IBM z14, such as pervasive encryption, unprecedented speed, scale, and efficiency for an open and connected world. To learn more about this offering, see IBM Point of View: Blockchain – What is it good for?

Developers, get started!

So, how do organizations get started on this blockchain journey? More specifically, how can we encode and compose the elements of a blockchain application and move from concept to prototype? In our new blockchain developer journey, you can try out the Hyperledger Composer REST Server and connect and make changes to the business network deployed on a Hyperledger Fabric implementation. Are you ready to push the boundaries of the next digital frontier? Check out the new developer journey, test your ideas with Hyperledger Fabric running on IBM Z, and let us know what you think!

2 comments on"Blockchain: A journey through the new digital fabric for business"

  1. “IBM has a proven track record with blockchain implementations across multiple markets and industries.”

    I know there have been a lot of pilots, but what actual *production* systems are currently live and being used to make money out in the world? Thanks 🙂

  2. Pythagoras Ecology June 23, 2018

    Looking forward to applying Hyperledger Fabric to our business use case.

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