IBM has established 5 blockchain principles to drive enterprise adoption and benefit society
Privacy is paramount
The open is better principle is carried across many aspects of what we do at IBM. Open is always better when it comes to the cloud, artificial intelligence or the Internet of Things, but it has especially interesting implications when looked at from a blockchain context. We have always been an ‘open by design’ company, but we think carrying that principle to blockchain is fundamental to our strategy,” explained Cuomo.
Moreover, Hyperledger Fabric also allows IBM to monetize due to the collaborative nature of the technology. Maintaining a balance through a permissioned network is critical for IBM, as most organizations need to know whom they’re conducting business with to ensure that no illegal activity is being transacted over the network.IBM also believes that enterprise blockchains must embrace distributed and transparent governance to ensure that networks serve the needs of all participants and are managed in a manner reflective of each use case.
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