IBM has announced a cloud service for organizations requiring a secure environment for blockchain networks. According to the company, the service, which allows clients to test and run blockchain projects that handle private data securely, is ideal for organizations in regulated industries that need strong compliance measures. “Blockchain will change the way we transfer high value goods, digital assets and financial instruments,” said Donna Dillenberger, IBM Fellow for Enterprise Solutions. “To accelerate blockchain adoption, clients must trust the infrastructure and the system that blockchain is running on. With IBM Blockchain, we are expanding access to the emerging technology — not only by making it easy to get up and running on the IBM Cloud but also by using the most secure infrastructure.” By creating a permanent record that can’t be altered, blockchain technology is well-suited for logging and monitoring large amounts of data, such as short-term loans or the millions of parts coursing through the aviation industry’s supply chain. Blockchain technology also permits tracking diamonds and other goods where buyers want to know the origins and previous owners, Bill Fearnley Jr., a research director at International Data Corp., told The Wall Street Journal. “Valuable assets of any kind could be tracked better, with an unerasable history, on a blockchain,” said Fearnley.