IBM launches new blockchain cloud services

IBM announced a new cloud-based blockchain services designed to meet existing regulatory and security requirements.

“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,” said IBM.

IBM said it is addressing security issues in several ways, including cloud services with the highest Federal Information Processing Standards (FIPS 140-2) and Evaluation Assurance Levels (EAL) in the industry to support the use of blockchain in government, financial services and healthcare.

IBM is an American multinational technology and consulting corporation, with corporate headquarters in Armonk, New York.