An IBM Central Processor Unit (CPU) is seen on a Hard Disk Drive (HDD) controller in Kiev, Ukraine March 5, 2012. REUTERS/Gleb Garanich/File Photo
NEW YORK: IBM announced new services to help companies design and develop blockchain technology in a secure environment in the cloud, a network of computers where users are increasingly storing their data and computing work.
The blockchain, the underlying technology behind bitcoin, is a digital tool for doing a slew of functions such as recording and verifying transactions. The technology, according to its many supporters, would make it easier to create cost-efficient business networks without requiring central control.
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