Category Archives: Linux Foundation

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IBM Launches Australian Blockchain Cloud Service, Second to Follow

IBM Launches Australian Blockchain Cloud Service, Second to Follow

IBM’s platform built on Hyperledger Fabric has launched its blockchain main net at its Melbourne-based data center in Australia.

Hyperledger is an umbrella project of open source blockchains and related tools, started in December 2015 by the Linux Foundation and supported by big industry players like IBM, Intel, and SAP to support the collaborative development of blockchain-based distributed ledgers.

The launch allows IBM customers to run their applications on the company’s cloud. A second Australian center is also planned for the end of March in Sydney. IBM Australia’s Head of Blockchain, Rupert Colchester, said that a second center would make the technology more widely available, adding, “Customers who are deploying blockchain applications have reached a maturity of projects that requires the data to be stored in Australia.”

Colchester highlighted the degree to which blockchain technology was now being used across all industries in Australia with many IBM clients now “trying to understand how best they can apply it to the business problems they have”.

An example of the growing use of blockchain at the corporate level in the country saw Australian real estate company Vicinity adding blockchain to its business operation in tandem with Australian energy tech company Power Ledger as part of a USD 75 million solar program, late last year.

 

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Poste Italiane Joins FedEx in Adopting Hyperledger Blockchain

Poste Italiane Joins FedEx in Adopting Hyperledger Blockchain

The Italian Postal Service has now joined multinational courier delivery services FedEx in adopting the Hyperledger blockchain.

Poste Italiane is now to use Hyperledger as part of its Deliver 2022 Business Plan in order to streamline its current mail services. Hyperledger is a collaborative project led by the Linux Foundation to create open-source standards for blockchain and Distributed Ledger Technology (DLT). It includes American Express, Cisco, Intel , JPMorgan, Deloitte, and Huawei.

FedEx came on board with Hyperledger in September 2018 with the company impressed that the tech had “big, big implications” for supply chains, transportation, and logistics, all areas crucial to the US postal giant’s worldwide operations.

A statement from Poste Italiane said that blockchain tech is “an effective response to the problems of security, transparency, interoperability, and privacy”. It follows a recent positive amendment to current Italian Senate definitions. Definitions have now been offered for DLT technologies and smart contracts, also that blockchain-based digital data will now represent a legal validation of content.

Once the amendment becomes Italian law, the technical aspects will be overseen by the Agency for Digital Italy and the Presidency of the Council of Ministers.

After signing a declaration with six other EU states this month to integrate blockchain into European economies, the Italian Government has also taken a bold step further by manning its new blockchain advisory board with 30 experts.

The board has been in the pipeline since September 2018 when the Ministry of Economic Development called for more government focus to “know, deepen and address the issue of distributed ledger technologies (DLT) and blockchain”, as well as increase public and private investments in this direction.

 

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