This creates a platform where multiple parties can share data, but all have proof that past records have not been changed. “It’s quite a remarkable platform, but it’s in the very, very early stages of maturity,” she says. The fact that IBM has commercialized the 1.0 version of Hyperledger fabric in Bluemix and introduced some management tools are good steps, she says.
Kandaswamy cites Gartner estimates that blockchain could produce $176 billion in business value-add by 2025. Most of the initial blockchain trails have been in the financial services industry, but he says use cases are expanding, especially in the area of supply chain management for retailers, manufacturers or any company that needs to track a product life cycle in a secure way with multiple parties.
IBM cites a customer in Beijing it’s been working with named Energy-Blockchain Labs, which created a carbon credit asset management system based on IBM’s blockchain offering. Other customers IBM cites include startup Everledger, Bank of Tokyo-Mitsubishi UFJ and Northern Trust.
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