IBM: The Blockchain Will Change Business
Will the blockchain change business operations as we know them? Computer king IBM sure thinks so. In what is a clear instigation that the corporate world is now embracing the technology behind bitcoin, IBM has confirmed that it is further experimenting with the blockchain to focus and improve its systems, particularly the future Internet of Things. Arvind Krishna, the senior vice president and director of IBM research, recently posted some personal (and positive) thoughts towards the blockchain in a blog post, saying: "It's a completely novel architecture for business - a foundation for....
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The head of interest rate and credit models at Banca IMI, an investment banking and capital markets subsidiary of Intesa Sanpaolo, has penned a new paper on blockchain technology. Dedicated to spotlighting "real business cases" for the technology, Massimo Morini’s report argues that the lesson that should be learned from cryptocurrencies such as bitcoin is that traditional financial business model needs to be reformed, not just improved. Morini writes: "One crucial misunderstanding here is the idea that blockchain technology can be exported to financial markets....
Let's start by stating the obvious – Warnings about the need for blockchain standards are premature and alarmist. It's too early to claim that a lack of standards is hurting blockchain technology adoption, or to call for standards bodies like the International Standards Organization (ISO) to get involved and define what they should be. (Though, there are already groups doing this). The topic of blockchain standards is complicated, and it extends beyond just seeing it as an interoperability challenge. This is because blockchain standards can be divided into three interrelated vectors,....
Blockchain technology has the potential to drastically change the way business is done, mainly in accounting and contracts. Large businesses make contracts on a daily basis. Contract law is a wide field of study and essential to understanding how to run a successful business. What happens if the other party breaches a contract? Does a contract need to be in writing to be legally binding? These are things business owners and decision makers need to know. Smart assets are not widely used in modern business, but the benefits of integrating them greatly exceed the low cost of implementing....
Blockchain technology, the protocol that underlies Bitcoin, could one day change how consumer card payments are verified. A recent Business Intelligence report has touched upon the subject of Bitcoin as one of the disrupters in the payment processing ecosystem. The report received a special mention in an article concerning Bank of America Merchant Services’ plans to expand into Europe later this year. Bitcoin will Change Payment Behavior. The primary goal for of any merchant services provider is to come up with new ways to make e-commerce more appealing to both consumer and business. This....
Blockchain has captured the imagination of the world and has even won applause for the various benefits it can provide from several sections. CapitalBlock uses the technology behind virtual currency Bitcoin, blockchain, and specializes in providing sharp guidance, advice, and also provide for inputs in developing strategies for the firms and clients who are willing to try this technology to fire their ambitions. Enhancing the profit of a business is the primary goal of CapitalBlock and it offers services such as: 1.)Business Consulting: CapitalBlock provides consultancy and helps a....