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."