Tag: IBM

IBM CEO Virginia Rometty was one of the dignitaries present at the “Tech for Good” conference organized by French President Emmanuel Macron on May 23, 2018. And she has pledged to hire 1,800 French nationals as part of the tech giant’s contribution to Macron’s project which seeks to make France a hotbed for artificial intelligence and blockchain technology. IBM-Macron Alliance…

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According to the patent filing published by the US Patent and Trademark Office (USPTO), mega-retailer Walmart Inc. has filed a patent for a blockchain-based resale marketplace that would allow consumers to sell previously purchased Walmart products on the resale platform. Walmart Leverages Blockchain Technology to Gain an Edge Over Rivals The proposed platform would record purchases of customers on a…

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IBM’s created ripples in the crypto-sphere in October 2017 after famously using the the digital remittance startup Stellar’s native token, lumens (XLM), to settle a cross-border payment with zero fees instantaneously. The transaction may have impressed IBM executives on a deeper level, with the “big blue” announcing an arguably massive development for cryptocurrencies in general, and Stellar in particular. According…

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Blockchain is on a campaign to impact every facet of life, but there are certain domains ripe for disruption, and the automotive industry is one of them. Automotive Consortium Four of the world’s largest car makers — BMW, General Motors, Ford, and Renault—announced on May 2, 2018, they will form a group to explore the potential of blockchain in the…

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Dealers in gold and diamonds such as Richline Group Inc jointly announced with IBM on April 26, 2018, that the consortium will be developing watertight source material tracking using blockchain technology. Blood diamonds and other illicitly produced stones and minerals will be traced from source to attempted retail sale through the proposed blockchain application. IBM TrustChain Younger buyers are particularly…

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Tech giant IBM has been at the forefront of the blockchain revolution for ages past, developing and deploying decentralized solutions for large corporations and retail shops alike. Now, Big Blue has taken the gospel of distributed ledger technology to Africa where its enabling retail fruit sellers access to microloans thanks to its latest solution. Fruits of the Blockchain IBM Research…

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IBM announced that its blockchain technology-based trade finance platform, Batavia, has successfully passed its first set of live transactions on the network on April 19, 2018. The purpose of the platform is to be able to “track and trace key events in the supply chain” as well as use IoT devices to log details about the “location and condition of…

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Samsung Electronics, one of the biggest information technology company, is mulling over using blockchain technology to assist in administration its supply and logistics network. The propound blockchain based platform’s role would be to oversee global shipments and cut back shipping costs.     Blockchain System to Slice 20% Costs in Shipping   Samsung SDS is also contemplating to develop blockchain platform…

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In the corporate world, everybody loves blockchain technology, but most don’t talk about bitcoin and other cryptocurrencies. Some have called the nascent digital assets under various names such as bubbles, Ponzi schemes, fraud, and many other crazy names. However, it seems all that will change soon as tech giants, IBM has caught the crypto fever and is now encouraging commodities…

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On March 19, 2018, the “Big Four” accounting firm PWC and Northern Trust, a U.S custody bank, have jointly announced the release of new tools to give private equity fund auditors fast access to data stored on its private blockchain. The move effectively lays the foundations for large-scale adoption of blockchain-based platforms by traditional businesses. Expanding a Client Base with…

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