Blockchain has opened up various opportunities for upcoming technologies. As per global business point, it is taking down walls and going to create smooth business transactions. On this concept, IBM introduced it’s own IBM blockchain. They want to create a permission network among people with identities who wants to use block chain as open source, open standard, and open governance globally without the need of Cryptocurrencies.They want to replace the use normal currency for various type industries with their blockchain, Especially while implementing their trade. They have started promoting also their Blockchain among various industries like finance, Insurance, and retail. Up till now the blockchain has not been governed or regulated by a big technology player. The fear of this happening is related to the price definition of the blockchain. As no Currency is linked with it and no government regulation, I feel IBM, If became the player in the market will be able to regulate the price and customer on its own basis. As Blockchain is still considered a new concept Government regulation and rules should be applied before it becomes too much technology driven.
References :
http://www.ibm.com/blockchain/what-is-blockchain.html