IBM: New Service For Building Up Blockchain On Top To Emerge Soon

IBM: New Service For Building Up Blockchain On Top To Emerge Soon

The American global tech company IBM has been known for being supportive towards various blockchain projects.

This time, IBM revealed another public ledger service, with the help of which startups, as well as devs, will be able to create innovative blockchain projects.

Our top trading bots

IBM’s New Blockchain-Based Offer

According to CNBC, the upcoming product is believed to be quite affordable from the financial point of view. However, the price for the release remained uncertain.

Newcomers Benefiting

Not likewise most of the blockchain-based developments, this one permits only a limited number of proxy parties to access it. This is the distributed ledger called “permissioned.” At present, IBM’s new plan is in beta testing mode. Therefore, devs can use it free of charge for the commercial running.

Marie Wieck, the general manager of IBM Blockchain, said that this blueprint is ideal for projects at an early stage of creation and for those who want to utilize IBM blockchain platform to build up their solutions. By the way, according to her words, this platform can boast with more than 250 working ledger nets.

Aiding in Making Money?

Furthermore, IBM announced that it is launching a new service also for another purpose: to assist young companies in studying their own blockchain apps as well as in gaining earnings out of them.

Embracing Blockchain, But Not Cryptos

Answering the question concerning IBM’s sympathy towards either blockchain or cyber assets, Wieck emphasized that the company is concentrated on ledgers rather than on the idea of virtual money, built on the blockchain. The reason is straightforward: distributed ledgers permit new business patterns to emerge, according to her words.

By the way, earlier, IBM collaborated with Stellar (digital money startup) and KlickEx (online bourse) to create a platform for financial institutions to settle transactions quickly and transparently.

Ethereum transaction energy use equals 2.5 miles in a Tesla Model 3: Report
In contrast, a transaction on Tezos takes 0.0016 kWh or less than the energy required to charge an Apple Tablet for 10 minutes. 100 Tezos transactions is...
Finance Redefined: Celsius raises $400M, and Rari’s 7.5K% yields, Oct. 11—15
Welcome to the latest edition of Cointelegraph’s decentralized finance (DeFi) newsletter.In a week where Rari Capital achieved the $1billion TVL milestone,...
Major UK hedge fund Brevan Howard launches crypto division
Brevan Howard, a United Kingdom-based hedge fund, plans to "significantly expand" its cryptocurrency and digital assets, according to a new report from...
Mark Cuban-backed Alethea AI closes $16M private token sale
Nonfungible token protocol Alethea AI has closed a $16 million private token sale to build scalable infrastructure for the NFT market, highlighting once...
$100M funding round for Binance US falls through on regulatory concerns
Regulatory concerns surrounding Binance US have reportedly culminated in investors backing out of a $100-million funding round.The failed funding round...
The Big Short's Michael Burry takes aim at Cathie Wood’s ARK Innovation ETF
Michael Burry, the investor made famous by The Big Short movie, has taken out a major short position against Cathie Woods’ ARK Innovation ETFAccording to...
Sen. Warren urges Treasury Secretary Yellen to combat rising crypto threats
Senator Elizabeth Warren, a Democrat from Massachusetts, has called on United States Treasury Secretary Janet Yellen and other regulators to develop a “comprehensive...
Aave founder hints at developing ‘Twitter on Ethereum’
Aave founder Stani Kulechov told his 90,000 Twitter followers on Saturday that his platform should build “Twitter on Ethereum'' after Jack Dorsey said he...
Meitu loses $17.3M on Bitcoin, gains $14.7M on Ether
Hong Kong tech company Meitu has taken a $17.3 million hit on its Bitcoin (BTC) holdings — but on the upside, its Ether (ETH) holdings have gained $14.7...
Data suggests the strong US dollar makes Bitcoin weaker argument is flawed
At the moment, there seems to be a general assumption that when the U.S. dollar value increases against other global major currencies, as measured by the...
Price analysis 6/16: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, LTC, BCH
Bitcoin’s price (BTC) turned down from just above the $41,000 mark on June 15, suggesting that traders are halting their purchases at higher levels. Traders...
Ethereum investment products see largest weekly outflows on record — CoinShares
Institutional investment managers continued to sell cryptocurrencies like Bitcoin (BTC) and Ether (ETH) last week, though the magnitude of the outflows...
One percent of Bitcoin’s supply has been locked in the WBTC protocol
One percent of Bitcoin’s circulating supply is currently tokenized as Wrapped BTC (WBTC), equating to nearly $6.2 billion worth of BTC. The milestone was...
Paxos receives ‘preliminary conditional approval’ for US bank charter
The U.S. Office of the Comptroller of the Currency (OCC) has granted today stablecoin company and PayPal collaborator Paxos a federal charter to form a...
Decentralized technology can help protect democracy around the globe
Recent political developments in the United States demonstrate the critical challenges that centralized technology platforms pose to democracy — in stark...