IBM (NYSE: IBM) and R3, an enterprise software firm, today announced a new collaboration to formally expand choice for clients scaling blockchain technology while delivering their highest levels of performance, compliance and data privacy.
As part of the collaboration, R3 announced a new open beta program to bring R3’s enterprise blockchain platform, Corda Enterprise, to IBM LinuxONE next month across the hybrid cloud—both on-premises and the IBM Cloud—delivered via IBM Cloud Hyper Protect Services. The R3 on IBM LinuxONE beta program will open on November 2, 2020 and be available on IBM Cloud and on-premises. General availability (GA) is expected in Q1 2021.
Enterprises, especially those in regulated industries, are increasingly looking to build blockchain solutions with advanced security and data privacy features while addressing performance. For clients with highly sensitive data and workloads such as digital identity, digital assets, central bank digital currencies, tokens, payments information, or smart contracts being spread across hybrid cloud environments, IBM LinuxONE provides a highly secured platform certified to meet the highest level of security certification commercially available.1
IBM LinuxONE and IBM Cloud Hyper Protect Services provide customers with Confidential Computing capabilities, including ‘Keep Your Own Key’ workload isolation encryption capabilities backed by FIPS 140-2 Level 42 certification, tamper protection from privileged user access and encryption of all data at-rest and in-flight, making the IBM public cloud the industry’s most secure and open public cloud for business.
“In keeping with IBM’s efforts to bring choice to clients in the era of hybrid cloud, we support an open ecosystem of blockchain providers. Bringing R3 to IBM LinuxONE is another exciting example of leveraging our highly secured Confidential Computing capabilities to help our clients of all sizes, across any industry, protect their most sensitive data across the hybrid cloud,” said Ross Mauri, GM of IBM Z. “This announcement builds on the exciting work over the last several months to welcome new workloads to LinuxONE and IBM Cloud Hyper Protect Services in emerging areas like blockchain and digital asset custody – and we’re looking forward to taking this next step with R3 to build on this momentum with clients of all sizes from early stage startups to the largest global enterprises.”
“The infrastructure of financial markets will be rewritten in the next few years, with new technologies bringing a complete shift in how services are created and delivered. While underlying technologies emerge in several areas like blockchain—security, robustness and scalability of new solutions remain critical aspects of any new development. As one of the few custodians integrating public and permissioned blockchains within a universal blockchain platform, it’s an honor to be part of this alliance to work with R3 and IBM to bring new solutions to market designed to facilitate the institutional adoption of digital assets at scale.” Alessio Quaglini, CEO and Cofounder of Hex Trust, a joint IBM and R3 client.
As the hybrid cloud market opportunity for blockchain continues to grow, IBM Services is also expanding their existing Corda capabilities by establishing a R3 center of excellence. This is intended to provide services to IBM clients that have or plan to adopt R3 solutions, including trained and Corda-certified solution architects, strategy and design consultants, subject matter experts (SMEs) and a delivery pool that can quickly engage to help them advance their network and solution deployment.
“This center of excellence is being designed to innovate and incubate client-requested ideas and use cases leveraging IBM’s deep expertise in developing and standing up commercially available production grade blockchain networks,” said Jason Kelley, General Manager, IBM Blockchain Services. “We will use IBM methods, including design thinking, to focus efforts on developing interoperability solutions for disparate blockchain networks, digital assets and currencies and industry-focused use cases.”
As part of this effort, IBM plans to work with clients across industry ecosystems, in both buyer and supplier roles, across hybrid ecosystems, underpinned by the openness and security of IBM LinuxONE, with the goal of advancing a network of networks to a hybrid of hybrids.
IBM Services, along with infrastructure support on IBM LinuxONE for R3’s Corda Enterprise platform, will complement IBM’s existing blockchain services and offerings to bring even more choice to the market. IBM Blockchain Services provide organizations a range of opportunities to access valuable new channels, strategic partnerships and resources to accelerate growth.
“Corda Enterprise and IBM LinuxONE bring together IBM’s best security, efficiency and scalability features in blockchain and hybrid cloud. The result is assurance that customers can run their most sensitive workloads with transparency and flexibility,” said David E. Rutter, CEO of R3 “Blockchain is fast emerging as the technology of choice to drive digital transformation and R3 and IBM will provide access to the privacy and security inherent in blockchain technology underpinned by IBM LinuxONE. This combined with the deeply knowledgeable team within IBM Services’ new R3 center of excellence, can empower customers to level up their digital transformation drive.”
VeChain Introduces New Blockchain-enabled Sustainability Solution To Power "Green Business" For Enterprises
As consumer behaviors shift towards greener and more sustainable products due to climate change awareness, companies are increasingly looking to integrate a more sustainable approach to their businesses. Market-leaders such as Nike, Adidas, H&M & Amazon are already placing sustainability at the forefront of their global product and marketing strategies.
To help companies digitalize and increase efficiency for sustainable business practices, VeChain, the leading enterprise friendly blockchain platform, officially launches its Blockchain-enabled Sustainability Solution. The solution is built on its one-stop data Blockchain-as-a-Service (BaaS) platform VeChain ToolChain™.
BlockChain + Sustainability: Ensuring Trustworthy Long-term Efficiency & Profitability For Brands
Research by The World Economic Forum has shown that the risks for companies will grow due to both the direct impact of climate change on business operations and supply chains. There have been corresponding demands for transparency on sustainable activities, with financial regulators, policymakers proposing mandatory climate risk disclosure legislation, and litigation against companies failing to disclose climate risk.
In the meantime, the majority of customers are demanding more sustainable products from brands, showing strong willingness to change their purchasing habits to help reduce negative impact to the environment, especially among Generation Z. These customers are also inclined to buy products that have a clearly defined sustainability policy.
VeChain’s Blockchain-enabled Sustainability Solution centers on building a value-driven approach for businesses to streamline sustainable practices during the supply chain and manufacturing process. Blockchain technology allows businesses to reliably and accurately showcase their sustainable practices not only to consumers, but financial regulators and policymakers.
FinTech arm of WEG Bank Partners with Singapore Based Anquan Capital to Explore Blockchain Applications for Banking and Financial Services
Anquan Capital Pte. Ltd, a Singapore-based group of technology companies has partnered with the FinTech arm of the German WEG Bank AG, which operates under the brand name TEN31.
Anquan Capital has launched a number of innovative technology companies including Zilliqa, Anqlave and Aqilliz. TEN31 Bank, which is currently developing into a specialist institute for blockchain-related FinTech companies, will implement joint projects with these companies in the future.
The new partners will announce specific projects over time. However, it is expected, for example, that the legal framework for crypto storage that has been in place since early 2020 will play a role. TEN31 has positioned itself accordingly at an early stage and secured permission under the grandfathering rule of the German banking code.
This collaboration will explore opportunities between Anquan Capital through Anqlave and Zilliqa. Anqlave develops custody and secure data storage solutions for enterprises, while Zilliqa is a high-throughput, high-performance blockchain for next-generation enterprises and applications.
With the new partnership, the strategy of TEN31 Bank continues to consistently focus on strategic partnerships. With this important step, the vision of the founder, Matthias von Hauff, to shape the bank into a full-service provider for FinTech customers has become a reality.
Matthias von Hauff, CEO of TEN31 Bank said “With Anquan as a shareholder, we have added yet another ideal partner to our network. Not only do we benefit from their excellent technologies, but we also secure a spearhead in the Asian region in the long term.”
Max Kantelia, CEO of Anquan said “I’ve always said that bringing blockchain into the mainstream requires a concerted, multi-sectoral effort by legacy institutions, emerging tech companies, and regulators. That’s why Ten31’s forward-thinking strategy and its clear role as a regulated bridge between the legacy and blockchain holds enormous appeal for me. Today, we can see blockchain creeping from the fringes of a technology sector that few understand, and into our daily lives. It is a perfect time to collaborate with TEN31 to explore how unlocking the potential of DLT technologies could accelerate digital transformation and revolutionize finance for everybody.”
A further positive signal for the industry is the German Federal Government’s progress in pushing ahead with regulation. Industry experts are eagerly awaiting the next draft bill on crypto custody and further legislative changes in 2020. The recently published decision of the German Bundestag underlines the increasing importance of the necessary regulatory framework.
This News has been Published in Partnership with PR Newswire
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