IBM’s Next Step in Launching One of the World’s Largest Blockchain Implementations?
IBM has announced a Blockchain project that would help banks address the need to prove the identity of a person or organization, source of funds, business interests, history and also monitor for changes. The Know Your Customer (KYC) is a global anti-money laundering measure that enables banks and financial institutions to understand their customers and their financial dealings, to be able to serve them better and manage its risks prudently. However, compliance with these regulations measures has been a global challenge. At the Singapore FinTech Festival, IBM announced its partnership with....
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IBM has been in the IT business for over 100 years and they have been a dominant force in all this time. Over the years the company has made a mark on several areas in which it has come up with innovative ideas and products. They have had a hand in the development of the disk drive, magnetic strip cards, ATMs, Fortran language and much more. It comes as no surprise then that IBM is also behind one of the largest implementations of Blockchain in the commercial sphere. IBM Global Financing is expected to use a Blockchain solution to address disputes in the financing arm of the company and....
IBM will be hosting the first ever Hyperledger Fabric v1.0 Connect-a-Thon starting on Dec. 17. The Connect-a-Thon is part of IBM’s efforts to become a partner for companies that want to build on the Blockchain ecosystem. IBM released its version of the Blockchain in 2016, and it is being marketed as IBM Blockchain. IBM’s Blockchain ecosystem will help startups, independent software vendors and system integrators to get the support that they need to develop their own Blockchain-based business and will also assist in creating an ecosystem around their own solutions by providing visibility to....
Global tech giant IBM took its latest step in leveraging its existing brand power to position itself as an enterprise blockchain solutions leader today, appearing at the The Block Chain Conference in San Francisco. There, IBM’s Global Blockchain Offering Director John Wolpert gave a keynote speech, his half hour talk covering the deficiencies in the approaches being taken by today’s blockchain developers and why he believes a more collaborative approach is needed to bring the tech to market. The talk follows the news that IBM is participating in the Hyperledger Project, an open-source....
IBM has introduced a cloud-based blockchain service for business-to-business networks that allows companies to test performance, interoperability and privacy of blockchain ecosystems. The company noted in a press release that the service is suited to organizations in regulated industries. IBM’s blockchain cloud is supported by IBM LinuxOne, which IBM considers the industry’s most secure Linux-only server. LinuxONE addresses the security requirements of the healthcare, government and financial sectors. Cloud Gives Secure Access. IBM’s cloud services are designed to run blockchain in a....
IBM shows its commitment to Hyperledger and enterprise blockchain development with its largest-ever contribution of open-source code. The global blockchain technology market size is projected to reach $72 billion in the next five years. In order to ensure this growth, however, blockchain solution providers must continue to advance and innovate. For example, public enterprise blockchain use has become an ongoing trend this year as companies like ConsenSys aim to drive adoption for open, permissionless networks. On the flip side, it’s important to point out that private blockchains are still....