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Intel Launches Commercial Blockchain for Businesses

Reading Time: 2 minutes by on February 15, 2019 Adoption, Blockchain, Business, News
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Commercial blockchain services has a new player as Intel announced on February 12, 2019, the launch of the Intel Select solution for blockchain which allows businesses to build their own blockchain based on the Hyperledger fabric.

Intel Joins the Blockchain

Businesses that wish to launch their own blockchains now have a faster and more reliable way to do so as Intel has launched a commercial package based on the Hyperledger ecosystem.

The new product is called the ‘Intel Select Solution for Blockchain’ and is designed for businesses that wish to launch their own blockchain with ease. According to the announcement, the use of blockchain will provide businesses with all the classic hallmarks, namely transparency, privacy, anti-tampering protections, and traceability to transactions,

This new product will incorporate the Hyperledger fabric for the launching of applications and will also make use of the Intel hardware. The end goal is to optimize price and performance while reducing infrastructure evaluation time. This is, according to the statement, because both the Hyperledger and Intel hardware need the other to work efficiently.

The announcement writes:

“While Hyperledger Fabric provides the building blocks for scalable blockchain for business use, it still requires high-performance, easy-to-deploy hardware to bring full benefits to businesses,”

Some of the technology to be used in this project includes Xeon processors and Intel Ethernet Networks Adaptors as well as two Xeon processors with 10 cores each, 96 GB of RAM and a 240 GB SSD boot drive.

The final commercial product offers the minimum that is needed to Launch a Hyperledger blockchain and thus, allows businesses to achieve their goals with ease. For now, basic configuration must be used to access the Intel select solution for blockchain, though more options are to be coming soon.

A Growing Market

This new product means that Intel is joining the ranks of other companies such as Microsoft and IBM who have offered their own commercial blockchain solutions to businesses, with IBM opening a new blockchain contest in Melbourne this week on February 11, 2019.

As the world is catching on to blockchain, many more businesses wish to incorporate the technology into their day-to-day operations. However, many do not want to go through the process of creating their own blockchains from scratch. This has given rise to a new market for firms such as Intel and IBM to offer blockchain creation services for those who don’t want to do it themselves.

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