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Blockchain Center Building IBM Logo Blockchain

IBM Opens New Blockhain Center in Melbourne

Reading Time: 2 minutes by on February 13, 2019 Adoption, Blockchain, Business, News
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IBM has taken another major step by opening a new physical blockchain center in Melbourne where customers may launch their applications directly, with plans of a second center to open in March 2019. This was reported by ZDNet on February 11, 2019.

IBM Breaks New Ground

The IBM data center in Melbourne is now officially home to the IBM blockchain as it was reported that the company has launched its blockchain mainnet there, allowing customers to run their applications from the center while abiding by data sovereignty requirements.

There are further plans to open another center in Sydney by the end of March 2019, mostly due to availability. Rupert Colchester, the head of blockchain and consulting practice leader for IBM in Australia and New Zealand said:

“By its very nature, it’s a distributed ledger technology so often ledgers are running in different locations and the demand for two is through clients and customers in this geography wanting to have high availability in the event of downtime and the like,”

The platform, which is based on the Hyperledger fabric, has the advantage of added security by having a physical location. This is because customer data can be kept in one place and doesn’t have to cross any borders. Colchester added:

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

An Australian Interest

Colchester has also stated that blockchain has seen significant use in Australia in many sectors. One of these sectors is supply chain management, in which foods tracking is quite popular. Other aspects include providing transparency when it comes to logistics.

“Obviously Australia is unique, as is every country … in the case of Australia, the whole supply chain is a huge area of interest, discussion, and activity. How can one track food, right from its inception in a farm all the way though to retailers to prove the providence,”

Despite the acceptance that blockchain has seen in the logistics sector, Colchester has stated that the first and biggest pioneer of blockchain use is actually the finance sector, particularly in applications such as digital identity and tracking financial trade.

Overall in Australia, he says that businesses have been quite receptive to blockchain and that when he teaches courses, he sees an overwhelming response from business owners who wish to incorporate blockchain.

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