IBM has made its blockchain platform available from IBM's Melbourne data center, enabling customers to run their applications on the company's cloud and meet data sovereignty requirements.
The platform will also be available via the Sydney data center by the end of March. Rupert Colchester, head of IBM blockchain and consulting firm in Australia and New Zealand, said the reason for opening a second site was mainly related to availability and redundancy.
"By its very nature, it is a distributed ledger technology, large books are often installed in different locations and the demand for two is requested by customers and customers in this region who want high availability in case of idle time, etc. ", he told ZDNet
the IBM Blockchain Platform is built on Hyperledger Fabric, an open source blockchain project of Linux Foundation.
Having a physical infrastructure in the country also means that data never crosses physical boundaries. Colchester noted that this provides the security required for highly regulated applications, particularly those of government and financial services.
Big Blue has already made the platform available from its data centers in London, Frankfurt, Toronto, Dallas, Tokyo and Sao Paolo. According to Colchester, this reflects the progress of major production projects around the world, including Australia.
"Customers deploying blockchain applications have reached the maturity of projects requiring data storage in Australia." He continued.
In Australia, the most common use case of the blockchain is the supply chain.
"Obviously, Australia is unique, just like every country … In the case of Australia, the entire supply chain is a huge area of interest, discussion and activity. How can we track food, from its inception on a farm – a good way for retailers to prove providence, "he explained.
"This is only a particularly active supply chain.There are others around the trade of high value goods or transparency up to the transport companies. or logistics.
"In the world of financial services (…), financial services have probably always been the forerunners of blockchain applications in business, exploring potential applications such as digital identity and financial transaction tracking."
Colchester said the blockchain is "very active" in all Australian industries; He also said that Australian organizations are gaining better control over the areas of blockchain application.
"I do very little training today, but there is a lot of discussion in which clients are trying to figure out how they can best apply these issues to their business problems," he said.
"Having this platform in Australia really facilitates the rapid creation of blockchain networks here in Australia."
According to Colchester, setting up a platform in Australia represents a significant investment for IBM, which reflects the potential that society sees.
"Australia has not made the index of global innovation from a global perspective, it is a very interesting country because small enough for everything to be feasible, people know each other well, it's a very strong ecosystem of relations in the business world through the economy, "he explained.
"But big enough to … provide income opportunities to companies based in this country."
Read also: Home Affairs considers chain of chains for the visibility of the Australian supply chain | Commonwealth Bank charting the almond supply chain via a chain of chains | From the farm to the plate through the blockchain: solving the problems of the agricultural grain-to-grain supply chain | IP Australia test block chain for food provenance
Data61 of CSIRO announced its partnership with the law firm Herbert Smith Freehills in August to network of intelligent legal contracts based on the blockchain on the IBM blockchain.
It is expected that the Australian national channel will allow organizations to digitally manage the life cycle of a contract, from negotiation to signing, through the duration of the agreement.
"It offers Australian companies the ability to store contracts in the blockchain network operating only in Australia – no data will be transmitted outside of this country," said Colchester about the ANB initiative and the speed with which it can now start.
"It will be able to run very fast and provide the necessary security.Security can not be achieved with other blockchain solutions in the cloud."