IBM, Samsung partner to advance blockchain development

IBM has partnered with Samsung SDS to strengthen an existing blockchain-based hyperledger while also improving other blockchain ecosystems.

The Linux Foundation's Hyperledger Fabric is an open source, cross-industry blockchain that is designed as a foundation for others to develop applications or modular-architecture solutions.

IBM will leverage Samsung's Accelerator, a blockchain module, to improve transaction speed on the hyperledger. Slow transactions per second is one barrier companies have when implementing blockchain for core business functions.

The two companies also plan to share their research for other companies to analyze. IBM and Samsung most recently published a white paper to highlight to design features of Accelerator and discuss use cases for applying increased transaction speeds on blockchain networks.

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