According to a news outlet, ZDNet on 11th February, IBM has launched its new blockchain main net out of its data centre which is located in Melbourne. This will be allowing its customers to run their applications on the cloud of the firm.
This IBM platform has been built on Hyperledger Fabric. Hyperledger is a project which aims at improving cross-industry blockchain technologies. This project has been powered by the Linux Foundation. The IBM data centre based in Sydney is expected to open at the end of March. It will be joining the other centres located in London, Tokyo, Dallas, Toronto and Sao Paulo. Rupert Colchester, the head of the blockchain for IBM in New Zealand and Australia, told ZDNet that there will be a second centre which will be making the technology more widespread and easily available.
After the establishment of this infrastructure, customer data won’t be crossing borders and would provide complete security for regulated applications in financial services.
“Customers who are deploying blockchain applications have reached a maturity of projects that require the data to be stored in Australia. The blockchain technology is widely applied and is pretty much active across all industries in Australia. I do very few education sessions nowadays, but there is a lot of discussions whereby clients are trying to understand how best they can apply it to the business problems they have.”
IBM has been into expanding its efficient usage of blockchain technology. On 31st Jan ‘19, IBM successfully finished a trail based on the blockchain. IBM successfully shipped 1,08,000 mandarin oranges from China to Singapore. The technology helped IBM significantly reduce the paperwork regarding the costs and handling of the shipment.
On Feb. 8, IBM announced,
“A project using blockchain and the Internet of Things (IoT) which was thought of to combat the drought in the California, United States is underway.”
Sensor tech provider, SweetSense and IBM Research have partnered with the non-profit Freshwater Trust and the University of Colorado Boulder to make efficient use of the blockchain technology and IoT to manage and control the usage of groundwater.
In September last year, the real estate major of Australia, Vicinity announced that it will trial a blockchain solution to support its energy network. After finalising a partnership with the famous energy tech company of Australia, Power Ledger, the trial became a part of $75 million solar energy program thought by Vicinity. The trial was conducted in Castle Plaza which is a mall located in Adelaide.