IBM ready to reveal commercial blockchain applications

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IBM is preparing to reveal what it is claiming is the “first” commercial application of the Hyperledger open source blockchain. The “IBM Blockchain” system has been in beta testing but is set for a full release this week at the Interconnect conference in Las Vegas.

The first two major deployments of the new platform are also to be revealed at the event. One already known to the public is SecureKey, an identity solution that has  seen significant investment from a group of Canadian banks. According to CoinDesk, a major Chinese energy company is using the IBM Blockchain to create an exchange for trading carbon credits. Previously known clients of the platform include Walmart, Northern Trust and Maersk.

The new system will be available on a graded price scale based on the type of implementation. Startups will be charged less and enterprise banks significantly more.