IBM To Launch New Physical Infra For Blockchain Tech In Sydney

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IBM To Launch New Physical Infra For Blockchain Tech In Sydney

As the popularity of blockchain technology and cryptocurrencies rise, more corporations are adopting digital money to their portfolio. As this industry grows bigger, one thing runs them all – internet servers.

Just recently, IBM released its blockchain main net out of its data center located in Melbourne, Australia to allow customers to run their applications on the company’s cloud.

The IBM platform was built by HyperledgerFabric, a project that seeks to improve cross-industry blockchain technologies that are hosted by the Linux Foundation.

According to reports, a Sydney-based IBM data center is set to open towards the end of March, joining the other centers in Tokyo, London, Dallas, São Paulo, and Toronto.

Rupert Colchester, head of the blockchain for IBM in Australia and New Zealand, said in an interview with ZDNet that the second center would help in making the technology more widely available and in providing redundancy.

Additionally, the establishment of physical infrastructure in Sydney will enable customers to transact without having to cross borders and that it would provide security for regulated applications in government and financial services.

“Customers who are deploying blockchain applications have reached a maturity of projects that require the data to be stored in Australia,” Colchester said.

He also noted that blockchain technology is widely applied and cryptocurrencies are “pretty much active” across all industries in Australia. “I do very few education sessions nowadays, but there is a lot of discussions whereby clients are trying to understand how best they can apply it to the business problems they have.”

For the last few years, IBM has been actively exploring and expanding its use of blockchain technology. On Jan 31, the tech company has completed a blockchain-based trial in which it shipped 108,000 mandarin oranges from China to Singapore. The results of the test revealed that the said technology has reduced paperwork handling and costs for the shipment.

Furthermore, on February 8th, the multinational tech giant announced a project using blockchain and the Internet of Things (IoT) to fight and combat drought in California. The project partnered with SweetSense and the University of Colorado Boulder and the non-profit Freshwater Trust to use blockchain and IoT to manage the use of groundwater. (Read:

On Feb. 8, IBM announced that a project to combat drought in the United States state of California is underway. IBM Research and sensor tech provider SweetSense partnered with the University of Colorado Boulder and the non-profit Freshwater Trust to use blockchain and IoT to manage the use of groundwater. /apr

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