IBM Launches New Blockchain Platform in Melbourne

IBM, one of the largest and oldest IT companies in the world, has released its blockchain main net out of its data center located in Melbourne, Australia. According to a February 11 report from ZDNet, the new blockchain network will allow their customers to run their applications on the company’s cloud.

The new platform was built on Hyperledger Fabric, a project hosted by the Linux Foundation that aims to improve cross-industry blockchain technologies. A Sydney-based IBM data center is set to open at the end of March, the company’s executives told ZDNet.

According to the head of blockchain and consulting practice leader for IBM in Australia and New Zealand Rupert Colchester, the company opened the second location for availability and redundancy. The Melbourne center joins IBM’s other locations in Tokyo, London, Dallas, São Paulo, and Toronto.

“Customers who are deploying blockchain applications have reached a maturity of projects that requires the data to be stored in Australia,” Colchester said about the project. Having the physical infrastructure in-country means that data never crosses physical borders, which is what the market is expecting right now, he added.

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