New Siemens Business Development Unit To Include Blockchain Applications
Siemens AG will establish a dedicated business unit under the name, “next47,” to accelerate the development of new technologies, including blockchain applications. The name refers to the company’s founding in 1947. The new unit will combine the independence, speed and agility with Siemens’ financial strength and credibility in serving a global customer base. One of its goals is to address blockchain applications intended to simplify and securitize data transfer in industry and energy trading. €1 billion To Be Invested. Siegfried Russwurm, chief technology officer, said the company will....
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A New York blockchain startup has partnered with tech giant Siemens as it expands an ethereum-based peer-to-peer energy transfer project. LO3 will work with Siemens to grow its TransActive Grid initiative, which enables participants to sell excess power to other microgrid stakeholders. In turn, Siemens will provide the startup with its microgrid control technology, the two firms said today. LO3 was recently awarded a patent for its decentralized energy transfer work by the US Patent and Trademark Office. Under the partnership, LO3 is working with Siemens’ next47 unit, created earlier this....
IBM recently launched its Industry Platforms business unit in a bid to deliver blockchain solutions to its customers. According to eWeek, the company has said that the launch of last week’s blockchain unit will focus on financial services organizations in addition to other business units. IBM said: The Industry Platforms unit will focus on Watson for financial services, blockchain and strategic partnerships. Bridget van Kralingen, a fast-tracked IBM executive who has been head of IBM Global Business Services, will be in charge of the unit. Charles King, principal analyst at Pund-It said to....
IBM is reorganizing its internal blockchain team into a business unit that encompasses its artificial intelligence and cloud computing efforts. Called 'Industry Platforms', the division will be led by Bridget van Kralingen, IBM’s former senior vice president of Global Business Services. Further, as part of the launch, IBM's entire blockchain leadership will make the transition to the unit, first announced last September. In addition to the work on blockchain tech, the business unit will lead IBM's efforts to bridge its financial services work with its Watson artificial intelligence....