Friday , 23 February 2018

Tag Archives: IBM

IBM launches transaction system IBM Z to prevent data breach and cyberattacks

Due to the alarming rate at which cybersecurity attacks continue to increase, IBM launches a new transaction system named IBM Z. That’s a Blockchain technology capable of running more than 12 bln encrypted cloud-based or database transactions, aiming to address cyberattacks and data breach. IBM z Systems provide the computing infrastructure for the mobile generation and the new app economy. …

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IBM’s launches identity verification services

At the Singapore FinTech Festival, IBM announced its partnership with Singapore FinTech startup KYCK! to provide KYC projects that use IBM Blockchain, to help reduce the time and expense financial services providers require to more rapidly on-board their customers in a secure environment. This Blockchain project will help banks address the need to prove the identity of a person or …

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News overview

Swiss banking giant UBS has named a new head of blockchain Following the departure of its first head of blockchain Alex Batlin this week, former UBS APAC CTO Peter Stephens will assume the role. Batlin, who left the bank on Thursday, heads now to BNY Mellon where he will continue his work on blockchain. Stephens brings significant experience to the …

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IBM’s partnership with UnionPay

IBM’s previously announced work intersecting blockchain and AI is moving forward with the establishment of a new office in Germany. These days IBM announced a strategic partnership with China’s UnionPay Bank and a US$200 million investment in its Watson Internet of Things (IoT) headquarters to fund various Blockchain developments. The multi-million Dollar investment in the company’s IoT research and development …

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IBM, China UnionPay Develop Blockchain Loyalty Points Exchange

IBM is working with a Chinese credit card company to to create a blockchain-based system for trading loyalty points. In a proof-of-concept revealed today, IBM and China UnionPay have developed a platform that allows customers to trade points earned through purchases and other incentivized behavior with one another. It’s a concept that can be applied to the exchange of frequent flyer miles, mobile phone bills or …

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Bank of Tokyo is Planning to Use Blockchain for Contract Management

Bank of Tokyo-Mitsubishi UFJ (BTMU) intends to begin managing its contracts on a blockchain-based platform. Built on technology provided by the still in-development Hyperledger project and the design services of IBM, the two companies revealed today that the platform will manage service level agreements between BTMU and other third parties, starting first with IBM. IBM’s vice president of blockchain solutions and research Ramesh Gopinath told …

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IBM Building Blockchain Dispute Resolution System

IBM could launch a finance-oriented blockchain solution as early as this fall. According to The Wall Street Journal, IBM’s Global Financing unit is looking to kick off a project that would focus on resolving transaction disputes. The system reportedly won’t replace the Global Financing unit’s existing systems, at least not in the near term. Rather, it will operate beside what is currently used. According …

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Blockchain Researchers Debate Future of Consensus Tech at IBM Event

More than 40 researchers met at a workshop hosted by IBM in Chicago this week to discuss the future of the consensus mechanisms that today form the governance layer for blockchain and distributed ledger technologies. Whereas frequent participants in blockchain conferences might assume the event was geared toward informing those new to the technology, Distributed Cryptocurrencies and Consensus Ledgers (DCCL) …

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IBM Unveils New Cloud Blockchain Security Service

IBM today unveiled a new service designed to help businesses test and run blockchain projects meant to handle private or sensitive data. Dubbed the IBM ‘secure blockchain cloud environment’, the service is actually an integration of IBM’s existing blockchain cloud offering and IBMLinuxONE, a Linux server designed to protect against ‘back doors’ the company argues could occur in other cloud-based blockchain networks. Overall, the company positioned the offering …

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IBM to Open Blockchain Development Center With Singapore Regulators

IBM expanded its blockchain efforts in Singapore today with news it will open the Center for Blockchain Innovation in partnership with the Singapore government. Coming just week after the company announced it would open a new facility in Singapore for 5,000 computer scientists, today’s news is suggestive of what has been called a high level of support for blockchain technology in the region. Robert …

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