IBM launches enterprise-ready blockchain service

New offering: The company said IBM Blockchain was the first service for developers to build enterprise-grade technology using Hyperledger Fabric.

NEW YORK: IBM Corp has launched a service that will allow businesses to build applications on its cloud using blockchain code from the Hyperledger Project, the cross-industry group led by the Linux Foundation.

The US technology company said its new product called IBM Blockchain was the first service for developers to build enterprise-grade technology using Hyperledger Fabric, the first code set to be released by the open source group.