“The future growth and adoption of blockchain is reliant upon building a strong ecosystem,” says Bridget Van Kralingen, senior vice president, IBM Industry Platforms.
The blockchain is here. From its underground start as the base technology behind popular crypto-currencies like Bitcoin, to its enormous potential as a secure, distributed transaction layer for business, blockchain is slowly coming of age.
Like so many promising technologies, blockchain is going to need adoption at scale by entire industries in order to hit maturity.
IBM’s recently launched Blockchain Ecosystem is intended to be just that: An open source, openly governed, cross-industry effort to advance the Linux Foundation blockchain technology known as The Hyperledger Project.
Get the TechPortfolio briefing
The month’s fintech and funding news, plus new tools for founders, in one short email.
“The growing maturity of the Hyperledger Project code is a major milestone,” says Van Kralingen, “that’s why IBM is investing to help developers accelerate the creation of blockchain networks by providing an environment where these players can work together.”
IBM’s Blockchain Ecosystem already includes dozens of players including Cloudsoft, EY, Everledger, Gliding Eagle, HACERA, The Hive, and Mooti Blockchain Digital Identity.
For more details, visit the IBM Blockchain Ecosystem page.
Frequently Asked Questions
What is IBM's Blockchain Ecosystem?
Launched in late 2016, IBM's Blockchain Ecosystem is an open-source, openly governed, cross-industry effort to advance the Linux Foundation's blockchain technology, the Hyperledger Project. It gives developers an environment to work together on building blockchain networks.
Why did IBM say blockchain needs an ecosystem?
Bridget Van Kralingen of IBM said the future growth and adoption of blockchain relies on building a strong ecosystem. The article added that, like many promising technologies, blockchain needs adoption at scale by entire industries to reach maturity.
How did blockchain start, and what potential does it have for business?
Blockchain began as the base technology behind cryptocurrencies such as Bitcoin. The article described its potential as a secure, distributed transaction layer for business, saying it was slowly coming of age.
Why did IBM invest in the Hyperledger Project?
Bridget Van Kralingen called the growing maturity of the Hyperledger Project code a major milestone. She said IBM was investing to help developers speed up the creation of blockchain networks by giving participants an environment to work together.
Which organizations joined IBM's Blockchain Ecosystem early on?
By December 2016 the ecosystem already included dozens of participants, among them Cloudsoft, EY, Everledger, Gliding Eagle, HACERA, The Hive and Mooti Blockchain Digital Identity.