IBM Targets Government and Healthcare Sectors With Blockchain Cloud Upgrade
IBM has announced a new framework for securing blockchain systems running in its cloud services, a move it believes will help financial firms and businesses satisfy regulatory and security concerns that could inhibit the use of the emerging technology. At issue, IBM said, is that some cloud environments leave open vulnerabilities that could allow tampering or unauthorized access to permissioned blockchain-based systems, a risk that the company suggested may be limiting or discouraging certain use cases in sectors where data standards are more complex. In interview, Jerry Cuomo, vice....
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Addressing these security needs is done through a variety of means, as they aim to offer the blockchain to government, healthcare, and financial players over the coming months and years. IBM is venturing into the world of blockchain and distributed ledgers, as they target Government, financial services, and healthcare through IBM Cloud. A significant vote of confidence for blockchain technology in general and another exciting development to see where this industry will head in the next few years. There is no denying blockchain technology is a booming market right now, as players from all....
Zhong An, China’s first online insurance company, has established Zhong An Technology to conduct research and development on artificial intelligence, Blockchain and cloud computing. Their focus is on implementing Blockchains into their online insurance platform and to be an innovator in the healthcare and finance sectors. Xing Jiang, CTO of ZhongAn said: "With the creation of ZhongAn Technology, we are developing a new FinTech ecosystem, integrating technological research with financial innovation. We aim to be an accelerator for both the finance and healthcare sectors.” The....
IBM has introduced a cloud-based blockchain service for business-to-business networks that allows companies to test performance, interoperability and privacy of blockchain ecosystems. The company noted in a press release that the service is suited to organizations in regulated industries. IBM’s blockchain cloud is supported by IBM LinuxOne, which IBM considers the industry’s most secure Linux-only server. LinuxONE addresses the security requirements of the healthcare, government and financial sectors. Cloud Gives Secure Access. IBM’s cloud services are designed to run blockchain in a....
Healthcare is one of the industries that generate terabytes of data each day. Hospitals and healthcare services providers are investing thousands of dollars every year to manage patient information and other data. Even after all these, there is a disconnect between one healthcare provider and another. When a patient decides to switch his healthcare provider due to any reason, the patient's medical records have to be either migrated manually from the previous hospital/ healthcare center or the patient will be forced to undergo a plethora of diagnostic tests to evaluate his or her medical....
Recently, IBM announced a new blockchain architecture based in the cloud after working with “hundreds of clients, startups, and developers.” The protocol is a cloud service that address security standards, regulatory compliance with Federal Information Processing Standards (FIPS 140-2) and Evaluation Assurance Levels (EAL). The firm is also making it....