Blockchain is maturing in the technology adoption cycle, as the underlying concept of a secure, distributed ledger for people and businesses to share and verify information gains broad industry support. Although still in its early stages, the most advanced technology companies have been exploring blockchain use cases for years. Gartner has noted some areas that need to be addressed in order for blockchain’s potential to be fully achieved, specifically around interoperability, security, and data management. Still, the research firm expects blockchain’s business value-add to approach $3.1 trillion by 2030.
To help address some of the early hurdles to enterprise blockchain adoption, Intel is announcing availability of the new Intel® Select Solution for Blockchain: Hyperledger Fabric. Fabric is one of several frameworks hosted by Hyperledger, the open source consortium advancing business blockchain technologies hosted by The Linux Foundation. Hyperledger Fabric is one of the most prominent enterprise blockchains in existence today due to its B2B focus. Originally developed by IBM and Digital Asset, Hyperledger Fabric is widely supported by experienced providers with several proof-of-concept projects and is now a part of the SAP Cloud Platform and IBM Blockchain offerings.
Blockchain’s most immediate impacts will likely be seen in the finance, pharmaceutical, media, and supply-chain management industries. The Intel® Select Solutions for Blockchain: Hyperledger Fabric will help these sectors lower their time-to-market for blockchain services and capitalize on the different opportunities beginning to emerge. The configuration defined in the new Intel® Select Solution have been tuned and optimized, making it easier for enterprises to deploy, and will allow original equipment manufacturers (OEMs) to create specific products for customer demands. Lenovo has announced it will bring this solution to market in the second half of 2019.
Intel® Select Solution for Blockchain: Hyperledger Fabric is based on the following Intel® technologies:
- Intel® Xeon® Scalable Processors, (which Oracle selected to power its Blockchain Cloud Service*)
- Intel® processor technologies, such as Intel® Trusted Execution Technology (Intel® TXT), Intel® AES New Instructions (Intel® AES-NI), and Intel® Advanced Vector Extensions 512 (Intel® AVX-512)
- Intel® Solid State Drive (Intel® SSD) technology
- Intel® Ethernet Network Adapters
Intel® Select Solutions are all verified and benchmarked, eliminating any guesswork as to what type of performance customers can expect. The Intel® Select Solution for Blockchain: Hyperledger Fabric is a practical offering right off the shelf, providing operational simplicity and transparency into applications. And enterprises can deploy blockchain architecture without an infrastructure overhaul.
Enterprises will continue to pursue tangible blockchain applications across multiple industries, and as blockchain continues to mature, Intel will offer more solutions to address customer needs.
To learn more about the Intel® Select Solution for Blockchain: Hyperledger Fabric, download this solution brief or listen to the latest episode of Conversations in the Cloud podcast. For information about how Intel is working with blockchain, visit intel.com/blockchain.