The British chancellor of the Exchequer, George Osborne, at an event where he announced the government’s desire to work with virtual currency companies. The moves appear to be, at least in part, a way to draw new businesses to London as many parts of the financial industry have struggled with lagging revenue. Several executives at Barclays have and the blockchain technology. The with the technology. Computerworld IBM offers advice on how to secure blockchain in the cloud Credit: Deavmi The company wants to drive broad blockchain adoption, but also bring users to its cloud services By IDG News Service | Apr 29, 2016 10:33 AM PT Cloud providers hosting blockchain secure transactions technology should take additional steps to protect their records, IBM says. IBM's new framework for securely operating blockchain networks, released Friday, recommends that network operators make it easy to audit their operating environments and use optimized accelerators for hashing -- the generation of numbers from strings of text -- and the creation of digital signatures to pump up CPU performance. Along with the security guidelines, IBM announced new cloud-based blockchain services designed to meet existing regulatory and security requirements. The company has worked with security experts to create cloud services for "tamper-resistant" blockchain networks, it said. The new cloud services are "an iron-clad way to achieve that level of security," said Holli Haswell, an IBM spokeswoman. "Not all clouds can necessarily attain that level of security and compliance today." While blockchain, traditionally used for bitcoin and other financial transactions, is already focused on security, most businesses will need to use blockchain in permission-based networks shared on the cloud, Haswell said by email.
The British chancellor of the Exchequer, George Osborne, at an event where he announced the government’s desire to work with virtual currency companies. The moves appear to be, at least in part, a way to draw new businesses to London as many parts of the financial industry have struggled with lagging revenue. Several executives at Barclays have and the blockchain technology. The with the technology. Computerworld IBM offers advice on how to secure blockchain in the cloud Credit: Deavmi The company wants to drive broad blockchain adoption, but also bring users to its cloud services By IDG News Service | Apr 29, 2016 10:33 AM PT Cloud providers hosting blockchain secure transactions technology should take additional steps to protect their records, IBM says. IBM's new framework for securely operating blockchain networks, released Friday, recommends that network operators make it easy to audit their operating environments and use optimized accelerators for hashing -- the generation of numbers from strings of text -- and the creation of digital signatures to pump up CPU performance. Along with the security guidelines, IBM announced new cloud-based blockchain services designed to meet existing regulatory and security requirements. The company has worked with security experts to create cloud services for "tamper-resistant" blockchain networks, it said. The new cloud services are "an iron-clad way to achieve that level of security," said Holli Haswell, an IBM spokeswoman. "Not all clouds can necessarily attain that level of security and compliance today." While blockchain, traditionally used for bitcoin and other financial transactions, is already focused on security, most businesses will need to use blockchain in permission-based networks shared on the cloud, Haswell said by email.