IBM’s blockchain main net has been released out of its data center that is situated in Melbourne, Australia. This was done so that the company’s cloud can be used by their clients to manage their applications, an article published on news outlet ZDNet on Feb 11 reveals.
The development of the IBM platform was based on Hyperledger Fabric. Hyperledger is an initiative which is projected to advance blockchain technologies of cross-industry that the Linux Foundation hosted.
Preparation is made by to launch the Sydney-based IBM data center at the end of March, joining the other centers in Tokyo, London, Dallas, São Paulo, and Toronto. Rupert Colchester, who is the head of blockchain for IBM in Australia and New Zealand informed ZDNet that the technology would become more widely available and will provide redundancy with a second center.
Also, the development of physical infrastructure would retain customer data, as it won’t have to cross borders, and also security would be provided for regulated applications in government and financial services. According to Colchester, “Customers who are deploying blockchain applications have reached a maturity of projects that require the data to be stored in Australia.”
Colchester further noted that the application of blockchain technology is wide and is “pretty much active” all over the industries in Australia. He stated, “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.”
The announcement made by an Australian real estate major Vicinity in September of last year was that a blockchain solution will be tried for its energy platform. Via a collaboration with Power Ledger, an Australian energy tech company, the trial was among the initiative of Vicinity’s $75 million solar energy program in Castle Plaza, a mall situated in Adelaide, South Australia.
The use of blockchain technology is being actively expanded by IBM. A blockchain-based trial in which 108,000 mandarin oranges were shipped from China to Singapore was completed by IBM on Jan 31. It was reported that with the technology, paperwork handling and costs for the shipment was reduced.
IBM declared on Feb. 8 that a project which adopts blockchain and the Internet of Things (IoT) to handle drought in the United States state of California is under development. to use Blockchain and IoT was adopted with the collaboration of IBM Research and sensor tech provider SweetSense which also partnered with the University of Colorado Boulder and the non-profit Freshwater Trust to regulate the use of groundwater.