IBM has unveiled a new blockchain product that lets start-ups and developers build their own distributed ledger projects.
The service is a cheaper alternative to Big Blue's current enterprise plan for firms looking to develop blockchain applications.
Blockchain, otherwise known as distributed ledger technology, is a massive distributed database that maintains a growing record of transactions or other data.
It was originally used to underpin the digital currency bitcoin — although cryptocurrencies are not what IBM is focusing on with its blockchain endeavors.
Different to the public blockchain network that underpins bitcoin, IBM's technology only allows a certain number of trusted parties to access it. This type of blockchain is known as "permissioned."
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