|   Digital Currency


  |   Digital Currency


Red Hat Introduces OpenShift Blockchain Initiative

OpenShift Blockchain Initiative Homepage Screenshot (EconoTimes)

Red Hat, the world's leading provider of open source solutions, recently revealed its OpenShift Blockchain Initiative that is designed to help financial services industry customers to build hosted blockchain solutions.

The new blockchain initiative is free to join and aims to meet the needs of fintech startups and financial services independent solutions vendors (ISVs) who are developing blockchain applications and technologies. It will enable ISVs to gain access to the OpenShift Dedicated environment, training workshops, enablement materials, go-to-market activities, and OpenShift Commons membership.

OpenShift is Red Hat's Platform-as-a-Service (PaaS) that allows developers to quickly develop, host, and scale applications in a cloud environment.

OpenShift Dedicated, launched last December, is an ideal choice for blockchain-based startups, fintech ISVs, and traditional financial institutions that are starting to explore blockchain-based apps. Using OpenShift Dedicated, various players of the financial services industry can explore blockchain-based cloud services that use open source technology to develop updated transactional applications that can help streamline business processes on a transparent and more secure platform.

OpenShift Dedicated by Red Hat powers blockchain solutions through its container application platform technology, providing an applicable base across a wide range of industries, businesses and software systems.

“As enterprises begin to explore the use of blockchain application software, OpenShift Dedicated can provide a well-suited platform for a streamlined, more secure development environment. The hosted container application platform environment, combined with Red Hat’s support and enablement training, offers partners and developers interested in building blockchain applications greater confidence that they can move toward these cloud-based services”, said Ashesh Badani, vice president and general manager, OpenShift, Red Hat.

Red Hat partner ConsenSys, a developer of decentralized applications and end-user tools for blockchain ecosystems, has deployed its developer sandbox for testing Ethereum (smart contracts) applications on OpenShift.

“We are pleased to partner with Red Hat and have initially deployed BlockApps STRATO, our Ethereum Blockchain infrastructure on OpenShift. This platform supports the development of smart contract solutions and can allow developers to build and deploy their blockchain applications very quickly. The collaboration was a logical direction and BlockApps is incredibly excited to work with Red Hat as the first blockchain provider on the OpenShift platform”, said Andrew Keys, Co-Founder, ConsenSys Enterprise.

Red Hat has shown its commitment towards the development distributed ledger technologies. It has joined the Linux Foundation's open source Hyperledger project – a collaborative effort to advance blockchain technology by identifying and addressing important features and currently missing requirements, for a cross-industry open standard for distributed ledgers that can transform the way business transactions are conducted globally.

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