New “Intel Select Solution For Blockchain: Hyperledger Fabric” Launches To Rival Microsoft And IBM

Intel Launches Commercial Blockchain Product Based On Hyperledger Fabric’s Tech

Intel, a member of the Hyperledger collaboration alliance, has launched a new commercial blockchain package which will use Hyperledger as a basis, marketing materials from the company affirmed. The company has announced that this brand new product, named “Intel Select Solution For Blockchain: Hyperledger Fabric”, will be targeted for businesses that want to set up blockchains easily.

This new product will use Intel hardware (as expected) but all the software will be made on top of the Hyperledger technology. Xeon processors and Intel Ethernet Networks Adaptors are expected to be used on the product.

Intel declared that the system will use two Xeon processors with 10 cores each, 96 GB of RAM and a 240 GB SSD boot drive, as well as 1 TB of data for storage.

According to Intel, the main goal is to offer a solution that will have the bare minimum to launch a Hyperledger-based blockchain on your own. This will help companies to take the project off the ground fast. At this point, the clients can only use the basic configuration in order to access the product, but more options will appear in the near future.

This product will be “scalable”, although a private blockchain would not need so much scaling as a public one may need. The solution appeared at a good time since there are many companies now that are quite interested in this kind of technology.

Recent surveys reveal that most companies are still interested in blockchain solutions, but some of them are not quite ready to create their own, so having a product like this can definitely help and will bring Intel an important share of this market.

Hyperledger Fabric Is Being Widely Used

Not only Intel is using or creating solutions based on Hyperledger Fabric technology. Many companies, most notably IBM, are already using this technology as well.

IBM has launched its platform last year on Melbourne, Australia. The idea is to allow the customers of the company to run their own apps using the cloud systems of the company.

Also, the company is also set on using the blockchain for several other projects. One of them is an Internet of Things (IoT) project that will be implemented to manage the use of groundwater and solve drought issues in the United States, most notably in California, which has severe drought problems.

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Gabriel Machadohttps://bitcoinexchangeguide.com/
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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