IBM has unveiled cloud services based on the firm's LinuxONE servers for organisations wanting to use blockchain technologies.
A blockchain is a type of mutual distributed ledger in which all transactions written to it are visible to all, shared peer-to-peer across multiple machines and impossible to alter or delete.
A key feature of blockchains is their security. This, together with the immutability of the records, makes them attractive for organisations that require a robust audit trail for transactions.
IBM explained that the new blockchain cloud service is based on what it claims is the industry's most secure Linux server, IBM LinuxONE, and will meet the general security and compliance needs of such organisations.
"Blockchain will change the way we transfer high value goods, digital assets and financial instruments. To accelerate blockchain adoption, clients must trust the infrastructure and the system that blockchain is running on," said Donna Dillenberger, IBM Fellow and global leader of enterprise systems at IBM Research, in a statement.
"With IBM Blockchain, we are expanding access to the emerging technology not only by making it easy to get up and running on the IBM cloud, but by using the most secure infrastructure."
The new service is currently in beta.
This is the latest in a series of related announcements by IBM as the company seeks to become a major player in the growing blockchain market.
The firm released 44,000 lines of code in February to the Linux Foundation's Hyperledger Project, a collaborative open source endeavour that aims to promote a cross-industry open standard for the development of distributed ledgers such as blockchains.
IBM also announced a blockchain-as-a-service offering on the Bluemix cloud platform together with DevOps tools to allow developers to create, test and deploy blockchain applications in the cloud or on IBM z System servers. This service is also still in beta.
The company opened an incubator in Singapore in June to build prototype business solutions using blockchain and Watson AI tools.
Connexin drops out of Ofcom auction due to start next week
SwiftKey users now send two billion emoji every week
Recruitment plans are 'most ambitious ever', claims Openreach HR director Kevin Brady
Samsung's under-the-hood improvements separate the S9 from the pack when it comes to the display