IBM upgrades blockchain platform

IBM launched an upgraded version of its enterprise blockchain platform on June 18, according to Coindesk.

The company's Chief Technology Officer Jerry Cuomo said he sees IBM's blockchain as a "fully-flexible blockchain platform, built around a well-managed open source distributed ledger technology, that can truly run in virtually any computing infrastructure."

IBM designed its upgraded blockchain platform to have a hybrid multicloud approach. The IBM Blockchain Platform allows users to deploy public clouds on company-hosted private clouds. This is to allow blockchain networks to work across multiple environments.

Additionally, the blockchain platform now allows users to manage the entire lifecycle of a blockchain network.

"Developers can now easily move from development to test to production from a single console. Included within the extension are code samples and tutorials, enabling any developer to easily become a blockchain developer," Mr. Cuomo said.

IBM's new blockchain gives users "complete control" of identities, the ledger and smart contracts.

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