Category Archives: ibm

#KCN 2 retail giants joined the blockchain alliance Walmart Careers IBM Consulting #coindesk Arcona…

#KCN 2 retail giants joined the blockchain alliance Walmart Careers IBM Consulting #coindesk Arcona AR Ecosystem Info partner: coinidol

The creation of blockchain-alliance for food safety by retail leaders. Wholesale and retail sales company Walmart and Chinese e-commerce JD, IBM and Tsinghua University, joined the Blockchain Food Safety Alliance, to track the food safety. The reason of the partnership is the development of innovative mechanisms for tracking the transparency of the supply chain, ensuring safety and quality of food safety. Thanks to using the IBM Blockchain platform, all operations will be performed in real time.

What Will Have a Greater Impact on RIAs: Interest Rates or Blockchain?

I was recently asked to speak at Opal’s Family Office and Private Wealth Conference in Newport, Rhode Island. It was a nice event with an impressive guest list. However, one aspect of the affair was baffling: the panels featuring pontificating portfolio managers were packed and yet the discussion about blockchain was more than halfway empty.


Graig Norden, Freewheel Marketing

At Freewheel, we believe algorithms will continue to replace analysts, sales processes will grow largely digitized (our specialty), and blockchain will obliterate back and middle offices. Any one of these trends individually can deliver improved service and outcomes for investors. In combination, they represent the difference between the financial service industry’s Ubers and taxi cabs.

As it relates to blockchain, there’s so much at stake. The following is an explanation from an article titled, “Self-Disruption or Self-Destruction — Can Wall Street Tame the Blockchain?”

On Wall Street, blockchain could upend how institutions trade with one another. One example: It could shrink the three days that it currently takes to clear a securities transaction into seconds. It could also enable entirely new forms of exchange — think self-enforcing contracts and, yes, digital currency. Indeed, “blockchain will do for transactions what the internet did for information,” IBM CEO Ginni Rometty said at a conference in Geneva in September.

It would be a mistake to consider this far-off fantasy. Northern Trust and IBM recently built a blockchain for managing the administration of a private equity fund with $20 billion in assets under management. “This is an important first step to connecting participants much more effectively, including investors, managers, administrators, regulators, advisors and auditors,” said Justin Chapman, global head of market advocacy and research at Northern Trust.

As pointed out by one of the Opal panelists, Vanessa Grellet, IBM was also a key player in the development of DTCC’s blockchain-like solution for post-trade processing. According to DTCC’s press release, “the solution has been developed with input and guidance from a number of market participants including Barclays, Citi, Credit Suisse, Deutsche Bank, J.P. Morgan, UBS and Wells Fargo, and key market infrastructure providers, IHS Markit and Intercontinental Exchange.” According to Grellet, the end game is for blockchain to cut out middlemen, improve transparency, and bolster security.

If you’re an independent advisor and you’re neglecting this trend, can you really call yourself a fiduciary?

The implications of blockchain should garner more attention than someone prognosticating about interest rates. Indeed, if BlackRock is a bellwether, many of these portfolio manager-types will find that their game is up. So rather than star-gazing, registered investment advisors should shift their focus to the meteoric rise of blockchain.

Originally published at www.freewheelmarketing.us.

IBM and Seven European Banks Announce a New Trade Finance Platform Based on IBM Blockchain

IBM gets involved in the development of a new trade finance platform based on IBM Blockchain powered by Hyperledger Fabric. For this purpose, IBM was selected by a consortium of seven of Europe’s largest banks consisting of Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe Generale and Unicredit.

The platform aims to facilitate domestic and cross-border trade for small and medium enterprises in Europe and increase overall trade transaction transparency. The trade finance processes will be improved as domestic and international trade transactions will be properly managed, tracked and secured. The Digital Trade Chain solution will link all the parties of trade transaction, both online and via mobile devices.

“To make the Digital Trade Chain network a reality and enable it to serve potentially thousands of the consortium’s banking clients, we turned to IBM in enterprise blockchain to help us quickly bring this highly scalable system into production,” said Rudi Peeters, CIO, KBC on behalf of the Consortium. “Their blockchain and banking industry expertise will help us create a new platform for small and medium businesses in Europe that can enable them for faster, easier and cheaper trade transactions.”

The Digital Trade Chain solution is expected to open new revenue streams and initiate new trading relationships and foster trade growth by addressing the financing gap of small and medium enterprises, a traditionally underserved market segment. The World Bank informs that 50 percent of small and medium enterprises do not have access to formal credit.

The platform will ensure accountable and transparent cross-border trade transactions. It will support customers from all banks in the consortium allowing small and medium enterprises trading with new partners domestically or in other European markets.

The Digital Trade Chain also digitizes the entire supply chain process from order to settlement, thus improving some administrative tasks for customers of small and medium enterprises.

“In working with hundreds of clients around the world on a diverse range of blockchain projects, trade finance has emerged as one of the strongest use cases for the technology,” said Marie Wieck, general manager, IBM Blockchain. “By addressing the SME market, which faces challenges in data sharing and access to capital, the Digital Trade Chain Consortium is pioneering a unique blockchain solution with the potential for widespread impact.”

The Digital Trade Chain is scheduled for launch at the end of 2017. The consortium now includes seven banks while is expected to grow to include additional banks from other countries and as well as trading partners such as shippers, freight forwarders and credit agencies.

The Digital Trade Chain concept has already won two industry awards: EFMA-Accenture award for ‘best new product or service in banking’ and the Global Finance award for ‘Innovator in Trade Finance.’

IBM has recently announced a new partnership with Insurer American International Group Inc (AIG) to develop a “smart” insurance policy where blockchain is used to manage complex international coverage.

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Seven Major European Banks Select IBM to Bring Blockchain-Based Trade Finance to Small and Medium Enterprises

IBM (NYSE: IBM) today announced that it has been selected by a consortium of seven of Europe’s largest banks to build and host a new trade finance platform based on IBM Blockchain powered by Hyperledger Fabric. The platform is designed to simplify and facilitate domestic and cross-border trade for small and medium enterprises in Europe, while helping to increase overall trade transaction transparency.

Through a global competitive bidding process, IBM was selected by the Digital Trade Chain Consortium which consists of Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe Generale and Unicredit.

The Digital Trade Chain solution will run in the IBM Cloud and is designed to connect the parties involved in a trade transaction, both online and via mobile devices. It is designed to simplify trade finance processes by addressing the challenge of managing, tracking and securing domestic and international trade transactions.

“To make the Digital Trade Chain network a reality and enable it to serve potentially thousands of the consortium’s banking clients, we turned to IBM in enterprise blockchain to help us quickly bring this highly scalable system into production,” said Rudi Peeters, CIO, KBC on behalf of the Consortium. “Their blockchain and banking industry expertise will help us create a new platform for small and medium businesses in Europe that can enable them for faster, easier and cheaper trade transactions.”

By addressing the financing gap of small and medium enterprises (SME) – a traditionally underserved market segment – the solution is anticipated to help open new revenue streams and initiate new trading relationships and foster trade growth. According to the World Bank, 50 percent of SMEs do not have access to formal credit.*

The platform will also increase access to financing by infusing cross-border trade transactions with accountability and transparency. The highly scalable platform can support customers from all banks in the consortium and helps equip SMEs to initiate trade with new partners domestically or in other European markets. With the Digital Trade Chain, SMEs will have access to an easy to use platform that provides a consolidated view of trade transactions. This in turn helps promote accountability in transactions, gain access to capital and contributes to reducing some risk. The Digital Trade Chain also optimizes some administrative tasks for SME customers by digitizing the entire supply chain process from order to settlement, and allows trading partners to track and trace transactions as they are processed.

“In working with hundreds of clients around the world on a diverse range of blockchain projects, trade finance has emerged as one of the strongest use cases for the technology,” said Marie Wieck, general manager, IBM Blockchain. “By addressing the SME market, which faces challenges in data sharing and access to capital, the Digital Trade Chain Consortium is pioneering a unique blockchain solution with the potential for widespread impact.”

The Digital Trade Chain network will be built on Hyperledger Fabric v1.0.0, an open source blockchain framework and one of the five Hyperledger projects hosted by The Linux Foundation, and hosted on the IBM Cloud. The Digital Trade Chain is expected to go into production by end of 2017. The consortium started in January 2017 with seven European banks and is expected to grow to include additional banks from other countries and as well as trading partners such as shippers, freight forwarders and credit agencies. The Digital Trade Chain concept has already won two industry awards: EFMA-Accenture award for ‘best new product or service in banking’ and the Global Finance award for ‘Innovator in Trade Finance.’

Hyperledger Fabric is an open source blockchain framework and one of the five Hyperledger projects hosted by The Linux Foundation.

About IBM

IBM is the leader in open-source blockchain solutions built for the enterprise. As an early member of Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies, IBM is dedicated to supporting the development of openly-governed blockchains. IBM has worked with more than 400 clients across financial services, supply chains, IoT, risk management, digital rights management and healthcare to implement blockchain applications. For more information about IBM Blockchain, visit www.ibm.com/blockchain.

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IBM e StartUp Farm aceleram 10 StartUps brasileiras

SUA STARTUP DECOLAR e ser uma das 10 (DEZ) selecionadas para ser ACELERADA durante 6 meses parece um SONHO???

Nós da IBM Brasil fizemos uma parceria com a Startup Farm e vamos selecionar 10 StartUps com foco em Inteligência Artificial / Computação Cognitiva e/ou Blockchain para serem aceleradas durante 6 meses em 3 etapas.

Etapa 1 — Laser Focus

Imersão “full life” para que você trabalhe focado na construção do modelo de negócios da sua startup, suportados pela Farm e por uma ampla rede de mentores, parceiros e investidores.

Etapa 2 — Get Sales Done

O objetivo desta etapa é vender, vender e vender, através de conteúdos direcionados e análise semanais de estratégias de vendas para sua startup. Também serão aprofundados os conceitos de métricas e OKRs.

Etapa 3 — Fundraising

”Quanto de investimento preciso ao longo do tempo? Onde e como captar?” Estas e outras perguntas serão respondidas nesta etapa, que trará conteúdos e checkpoints quinzenais. Neste módulo, a sua startup continuará trabalhando no desenvolvimento do produto ou serviço, buscando sempre melhorar suas métricas de desempenho.

Já pensou se a sua é selecionada???

Corre lá que as inscrições são só até o dia 02/07!!!

http://aceleracao.startupfarm.com.br/

Matéria PEGN: http://bit.ly/ibmstartupfarm


“Não aceite o NÃO! Conforto e Crescimento não coexistem!”

Bora sair da zona de conforto? Ou vai ficar aí inerte?

Dubai Announces Digital Blockchain Passport for ‘Borderless’ Airport

The Government of Dubai has announced its collaboration with UK-based blockchain startup ObjectTech to create digital passports for quick and efficient entry at the Dubai International Airport.

Working closely with Dubai’s Immigration and Visas Department (GDRFA – General Directorate of Residency and Foreigners’ Affairs), ObjectTech seeks to create the world’s first ‘gate-less border’ through the use of the blockchain and biometric technology.

This announcement is in accordance with Dubai’s 10x strategy, which is essentially an initiative that aims to ensure all public services are ten years ahead of the rest of the world technologically, thus cementing Dubai’s position as the “city of the future.”

Dubai’s Blockchain Strategy

The semi-autonomous Emirati city of Dubai has been at the forefront when it comes to creating a conducive environment for business. Through its impressive infrastructure, near-zero taxes and secure political climate, Dubai has been able to transform itself from a small fishing village to a major trade hub globally.

Now, the Government of Dubai seeks to make the city the world’s first blockchain-powered city by the year 2020. The plan, called Dubai Blockchain Strategy, is spearheaded by the Smart Dubai Office (SDO). The SDO is the governmental agency dedicated to pushing forward innovation in the city.

Speaking at the launch of the strategy in March this year, the Director General of The Smart Dubai Office Dr.Aisha Bin Bishr said, “Today’s announcement marks an important step forward in our commitment to delivering Dubai’s Blockchain Strategy announced late last year by His Highness Sheikh Hamdan Bin Mohammad Al Maktoum, Crown Prince of Dubai."

"We are working towards our goal of making Dubai the first blockchain-powered government in the world by 2020. Collaborating with IBM and ConsenSys will help expedite this process, attaining Smart Dubai’s overall vision of making every-day experiences more safe, seamless, efficient and impactful for all residents and visitors of the city.”

The Dubai Blockchain Strategy seeks to unlock the opportunities that the blockchain presents through the adoption of blockchain technology in public services, being at the forefront of global thought on blockchain technology and, lastly, by helping the blockchain industry grow through its support to blockchain-based startups and business. The city hopes that these three pillars will put it in the lead with regard to the blockchain tech industry.

Wesam Lootah, CEO of Smart Dubai Government Establishment added:

“This effort will position Dubai as the pre-eminent blockchain powered government. Smart Dubai looks forward to working closely over the coming months with all government entities to identify and prioritize the services and user experiences that would yield the most impact from the application of blockchain technology. This collaborative effort is crucial to ensuring that the city as a whole is moving in the same direction, taking advantage of synergies, and avoiding duplication of efforts and costs.”

Since this initiative was launched in March, Dubai has been working on its vision of having all government services powered by the blockchain by 2020. The government has also created the Dubai Future Accelerators program which works by pairing leading companies and promising startups with government agencies in order to innovate and create working solutions.

In April, after participating in the Dubai Future Accelerator program, blockchain startup Avanza Solutions announced the Dubai government’s plan to utilize its blockchain-based Cipher platform to facilitate citywide payments. This move was seen as the first step in laying the foundation for a blockchain-powered city.

Speaking of the partnership, Bin Bishr said, “I am confident with Avanza’s expertise in payment solutions combined with their Cipher blockchain platform, they will support the Smart Dubai Office with technology that not only bridges current gaps but also becomes a vital piece in Smart Dubai’s roadmap for payment processes in the near future.” Smart Dubai intended to roll out the platform across all of its 38 partner government entities, partner financial institutions, and departments.

The Dubai Economic Department has also revealed plans to move its entire business registration and licensing process to the blockchain with industry leaders stating that blockchain technology is gaining traction in the city.

ObjectTech and The Dubai International Airport

The Dubai International Airport is the world’s busiest airport in terms of international passenger traffic. The Dubai Government is aiming to speed up the processing speed of travelers using ObjectTech’s biometric blockchain-based technology. The partnership was signed after ObjectTech was chosen to participate in the Dubai Future Accelerators program where its technology was deemed workable.

In keeping with its 10x initiative, the city aims to create the first border in the world lacking a traditional gate. Instead, travelers are to walk through a short biometric corridor that will ascertain identity, and other pertinent variables, using the traveler’s facial biometric data. The data will be checked against a pre-approved and completely digital passport.

Combining the blockchain’s immutability and the power of biometric identification, the startup hopes to completely eliminate the need for paper passports.

“Seamless entry at international airports has been an idea for many years, but it is the advent of the identity trust framework provided by blockchain technology which means for the first time, this is now possible.” the startup explains in their press release.

Speaking of the city’s commitment to growing and supporting the blockchain industry, ObjectTech CEO Paul Ferris said, "Dubai is really committed to improving the lives of their citizens and visitors through technology, and we’re very excited to be a part of making that a reality."

ObjectTech has also revealed that it is working closely with the International Organization for Standardisation (ISO) on blockchain technology uniformity regulation. Paul Ferris is currently serving as chair of the identity working group. The startup believes that:

“Standardization is vital for a global identity system which will stand the test of time, and expand our collaborative approach worldwide.”

It remains to be seen how the technology will perform with the large numbers that are processed through the Dubai International Airport. However, if it is a success, then seamless entry in and out of the world’s borders could soon become a reality thanks to blockchain technology.

IBM and Samsung Aim to Boost Chip Performance Through Nanosheets

nanosheets

Over the past few years, we have seen tremendous advances in smartphones and other “smart” technologies. However, for some people, these devices are still now powerful enough. IBM and Samsung claim they have come up with a solution that should work for everyone. Nanosheets will help shrink the chips found in those devices as a way to increase computing power. An intriguing concept that warrants a closer look.

Nanosheets Pave The Way For More Powerful Electronics

Some people may argue our smartphones and other electronics are more than powerful enough already. For a lot of people, their smartphone has replaced the desktop computer already. IBM and Samsung are convinced there is still a lot of progress to be made, though. Their new concept, called nanosheets, aims to shrink computer chips in size to improve their processing power. The goal is to improve performance by 40% without affecting the chip’s power consumption.

This is quite an intriguing development, although one that was somewhat to be expected. In the world of computers, chips are also becoming much smaller while packing the same or more performance. It is only normal to see a similar development where smartphones are concerned. However, nanosheets are quite interesting, as it allows all chipmakers to benefit from this technology moving forward. Ultimately, this will lead to a much more competitive chip market.

Moreover, maintaining the rate of progress related to improving mobile chip performance has become increasingly difficult. There are only so many transistors to fit on a chip. Current generations of transistors are 10 nanometers in size, and that surface will be reduced to 7 nanometers in the future. With the nanosheets developed by Samsung and IBM, that size can be shrunk further to 5nm. Packing transistors more densely on a chip will result in a massive performance gain, which does not necessarily affect the power consumption whatsoever.

Considering how most phones and computers use billions of transistors, these days manufacturers will have a few things they need to figure out. There is a lot more to creating more powerful electronics than just adding more transistors to an existing chip. One important aspect of transistor design is how they cut off the current or let it flow. With more transistors packed densely onto a chip, this process will need some careful planning.

While the nanosheets concept sounds incredibly intriguing, it will not come to market anytime soon. The research into this matter has only been just announced, and it may take around a decade until we will see commercial manufacturing. After all, chipmakers will have to cough up a lot of money to start using extreme UV light to etch chip features onto their silicon wafers. A lot of companies will put off these expenses as long as they can, that much is a foregone conclusion.

Until mass production of these nanosheets effectively happens, we will still see other improvements being made to electronics in general. They will not necessarily as spectacular as this one, but there are still a lot of other ways to improve the processing power of chips in general. It will be interesting to see what manufacturers will come up with over the next few years, to say the least. The concept of nanosheets sparks the imagination unlike any other innovation, though.

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WHY I WORK ON THE FUTURE OF TECH AT A 100 YEAR OLD COMPANY

On Monday morning IBM SVP Arvind Krishna delivered a keynote address to the Consensus 2017 conference describing many of the blockchain projects that IBM is driving. There are nine networks already in production. It’s exciting. Especially for technologists.

After my five year MBA reunion, I spent time thinking deeply about why I work for IBM, and I’ve realized it’s not about the technology. I’m here because I see blockchain poised to change the world, and I want to shape and direct that change.

The future is coming fast and furiously all around us. Technology is changing our lives in new and unknown ways. That can be scary, but I see blockchain emerging as the TRUST PLATFORM for the future:

– For the 2bn+ people who will join the formal economy over the next few decades

– For parents, who want to make sure the food they give their children is healthy and safe

– For artists, who want to share their art with the world

– For farmers who want to make sure their goods get to global markets

– For migrant workers sending money home to their families

– For companies who are looking to make our lives safer, better, healthier etc

– For governments for looking to keep their citizens safe, attract tourists and grow new industries

– For patients looking to control their medical data, identity and privacy

– For dreamers who are looking to change the world with code

I get out of bed every morning excited to work with and for all of these people. I’ve been inspired by the incredible heroes driving us towards this future:

– Shaun Frankson is working to remove plastic from the environment before it gets to the ocean through Social Plastic and the Plastic Bank

– Nyimbi Odero of the ICT Ministry, who is looking to secure students’ academic records and register citizen’s land holdings to drive economic opportunity in Kenya

This innovation is coming from every corner of the globe and is happening at lightning speed in markets like Dubai, Singapore, Korea, China and Africa. I actually started my time in IBM Blockchain training hundreds of clients and IBMers across the Middle East and Africa, exploring how blockchain can help industries and individuals leapfrog their current economic realities.

To achieve this promise of a trusted future, that trust platform must be:

– Openly governed to avoid conflicts of interest, murky motives, and control by those with nefarious intent

– Scalable to deliver trust to 6bn people, millions of companies, and trillions of transactions

– Secure to ensure privacy and confidentiality, so the world can feel comfortable with this new approach

As I see it, IBM is one node in the network of trust, and we are working with developers, startups, non- profits, governments and companies to build this global platform of trust. It’s real. It’s here now. We’ve worked with nearly 500 companies, 5000 developers, and we are just getting started.

I’m excited about building that, and I hope you are too.

El 33% de los directivos ya incorpora blockchain en sus organizaciones, según IBM

El blockchain es un gran desconocido para la mayoría de empresas, aunque cada vez menos. Las que ya lo emplean lo hacen para desarrollar nuevos modelos de negocio, según un estudio de IBM.

La tecnología blockchain o de cadena de bloques lleva entre nosotros una década, en la que poco a poco está cambiando la manera en que se registran las transacciones de bienes y servicios de todo tipo. Aunque los expertos le auguran un efecto transformador como el que en su día tuvo internet, para medir su impacto actual hay que echar un vistazo al nivel de adopción en el entorno empresarial.

Es lo que ha hecho IBM a través de una encuesta global, preguntándole a 3.000 altos ejecutivos de empresas de diferentes sectores en todo el mundo.

Los resultados del estudio revelan que la cadena de bloques sigue siendo una tecnología minoritaria, pero que se va afianzando: de hecho el 33% de los directivos encuestados afirmar que sus organizaciones ya están experimentando o implementando blockchain activamente, sobre todo con el objetivo de innovar y desarrollar nuevos modelos de negocio.

Todos estos ejecutivos, a los que el informe clasifica como “exploradores”, confían en que esta tecnología apoye de alguna forma su estrategia empresarial y un 63% pretende utilizarla para conseguir una mayor transparencia en sus transacciones.

El informe de IBM revela que la mayoría de estos directivos han empezado a incorporar el blockchain en sus organizaciones porque veían peligrar su actual modelo de negocio, de ahí que el 50% de ellos esperan que les sirva para lanzar un modelo empresarial completamente nuevo en su sector o en cualquier otro.

Además de facilitar modelos de negocio innovadores, la cadena de bloques también implica cambios en la forma en que las empresas se relacionan entre ellas.

El blockchain es por esencia una tecnología distribuida, consensuada y abierta y por tanto, fomenta la colaboración. Al vincular a personas, recursos y organizaciones en un ecosistema interactivo, las empresas pueden ofrecer todo tipo de servicios adicionales.

Aunque 8 de cada 10 empresas que ya están probando tecnologías blockchain reconocen no estar acostumbradas a colaborar con sus competidores, una gran mayoría (el 71%) cree que las asociaciones industriales acabarán siendo claves. Para que eso llegue, la confianza en la cadena de bloques tendrá que mejorar.

ERP Software Giant SAP Introduces Blockchain as a Service Offering

SAP, the enterprise IT solutions provider has officially become part of the blockchain bandwagon after it announced the launch of its Blockchain as a Service (BaaS) offering. The company, which recently joined the Hyperledger project alongside IBM, Intel and other big technology, financial and banking institutions introduced the new solution at a recently held annual … Continue reading ERP Software Giant SAP Introduces Blockchain as a Service Offering

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ERP Software Giant SAP Introduces Blockchain as a Service Offering

SAP, the enterprise IT solutions provider has officially become part of the blockchain bandwagon after it announced the launch of its Blockchain as a Service (BaaS) offering. The company, which recently joined the Hyperledger project alongside IBM, Intel and other big technology, financial and banking institutions introduced the new solution at a recently held annual … Continue reading ERP Software Giant SAP Introduces Blockchain as a Service Offering

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Blockchain Explorers Seeking Competitive Edge, Says IBM

IBM’s Institute for Business Value just published a report with insight into some of the top business executives’ current views on blockchain technology. IBM conducted the largest study of its kind this year, interviewing nearly 3,000 executives worldwide that represent 20 different industries.

The report reveals one third has already adopted blockchain technology or are thinking about it. These blockchain “Explorers” say they are trying to adopt blockchain early so they can gain a competitive edge in their industry.

The blockchain Explorers are looking to the emerging technology for its ability to create trust and transparency. As one COO in the retail industry said, “A customer’s trust is hard-earned and easily lost. The blockchain era should bring about an explosion of transactions, legitimized by trust.”

The study revealed why companies want to align with the blockchain. Over half of all Explorers want to increase the transparency of transactions, trust in transaction reliability, and transaction speed. They also seek to minimize the cost of transactions, tighten cyber security, and ensure the accuracy of data.

Besides taking advantage of these benefits, the possibility of getting left behind is also a powerful force driving these innovators. One CMO stated: “Blockchain could replace the centralized business model that most companies follow today.” While this may be very exciting to an innovator, there are plenty of executives who are still on the fence about it.

Of those surveyed, 67% were not yet considering blockchain. But the blockchain is not ‘take it or leave it’. Its disruptive nature means it will revolutionize virtually every industry imaginable.

For instance, intermediaries between lenders and borrowers could become outdated, and consequently, the e-commerce model we know today could become nonexistent. Without the need of an intermediary, people can begin transacting directly between each other.

Today, business leaders are facing the enormous challenge of understanding and adapting to the rapidly changing environment of business. As IBM points out, gone are the days when companies only had to worry about new goods or services disrupting their industry and revenue streams.

Blockchain is here to stay and an increasing number of businesses are getting behind it. They have no choice but to adapt or get left behind.

Brigid McDermott, IBM VP for Blockchain Business Development, said “Consortia, regulators, and innovators will help create new standards across industries and geographies. Early adopters need to move fast to help shape how these platforms evolve.”

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IBM Launches Accelerator Program to Drive Blockchain Adoption by Enterprises

IBM has announced the launch of the IBM Blockchain Founder Accelerator to help enterprises develop and grow their projects using the blockchain technology.

The program will allow participants take their blockchain networks into production faster. In addition, the IBM Blockchain Founder Accelerator will provide one-on-one mentorship, technical guidance and support by network founders and technologists across different needs, such as technical development, business case development, network membership incentives, governance and legal issues.

“IBM has worked on more blockchain projects than any other player in the industry and we understand the challenges organizations face and the resources needed to get blockchain networks right the first time,” said Marie Wieck, general manager, blockchain technology, IBM. “IBM is proactively building solutions and entire blockchain ecosystems across a broad range of industries and we are sharing our expertise and resources to help more organizations quickly set up their networks.”

The company will choose eight of the best blockchain network founders to take part in the accelerator from a range of industries, including logistics, retail, banking and manufacturing.

The participants will get an access to workshops, IBM Cloud services and software assets provided by software giant to reduce time needed to write complex blockchain code. These assets are based on the company’s experience in creating blockchain networks with over 400 clients worldwide. Also, the members will receive up to $120,000 worth of IBM Cloud credits to leverage the ecosystem, as well as an access to IBM Bluemix Garage sessions for development.

The program was created to address important issues that many enterprise founders have identified through the development of blockchain networks. It is aimed at fueling the adoption of production blockchains by sharing collective knowledge with enterprise developers.

“As a founder of security and privacy solutions addressing the cost and complexity of complying with regulatory requirements such as the EU’s new General Data Protection Regulation, the guidance and support that IBM provided us in bringing DataPassports to market was invaluable in accelerating the development and delivery of our blockchain based services,” said Kevin Ellison, CEO of Schedule1.

IBM is focused on the blockchain technology and is committed to expand the ecosystem. The company has developed IBM Blockchain to solve one of the biggest problems of the bitcoin blockchain — protecting data privacy in the context of industry and government regulations.

Jerry Cuomo, vice president of blockchain for IBM, believes the interest in the technology will continue growing in the near future. According to the company’s research, one third of 3,000 executives surveyed are using or planning to use the technology.

“I think 2016 was the year of blockchain experimentation,” said Cuomo. “2017 is the year of adoption, and this year we are seeing networks activated. We will measure the success of this year by the number of permissioned blockchains we see activated. As we get into 2018, we are going to see both the growth of those networks and the interoperation of those networks.”

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Chile’s Santiago Stock Exchange Leads Blockchain Implementation in Latin America

On May 17, technology giant IBM and Chile’s largest stock exchange, the Santiago Exchange, announced a partnership to implement blockchain technology into the nation’s financial services sector. The collaboration makes the Santiago Stock Exchange the first exchange in South America to utilize blockchain technology for securities lending on its short selling platform.

The new solution built by IBM and the Santiago Stock Exchange has been designed to reduce errors, alleviate potential fraud and increase processing speed for transactions while also improving the transaction management process and lowering costs for the exchange.

The blockchain’s ability to securely record, store and transfer data allows it to be implemented into a wide range of processes, which makes securities trading and settlement an ideal area where the distributed ledger technology can be applied. For that reason, several exchanges across the world are running blockchain trails in an attempt to reduce costs and increase operational efficiency and transparency. 

IBM’s blockchain in use is based on the open source Hyperledger Fabric blockchain, which has gained a lot of traction in the financial industry throughout the last twelve months. Several financial institutions are currently using Hyperledger Fabric in their blockchain trials, including Toronto-Dominion Bank, JPMorgan Chase, and Deutsche Bank, among others. 

"The Stock Exchange is a technologically advanced company, which provides the infrastructure and systems for all types of securities transactions and their clearing and settlement. The Stock Exchange also provides information services and management systems for intermediaries. Incorporating blockchain into our business processes is in line with that purpose and positions us as a forerunner in the financial market," Santiago Exchange’s CIO, Andrés Araya, stated.

IBM Chile General Manager, Francisco Thiermann, said: "Our agreement with Santiago Exchange marks another new era of innovation in the stock market. Santiago Exchange is a pioneer in its industry, and the blockchain adoption establishes a transformational precedent in the financial market, not just in Chile but in this region and the world," and, thereby, highlighted that the Santiago Stock Exchange is the first in the region to adopt a blockchain-based solution for securities lending.

Should the Santiago Stock Exchange partnership turn into a success, IBM plans to expand its blockchain technology offerings to other types of securities transactions across the South American market. “The idea is for [Chile] to take a leadership position and share the technology with other countries,” Thiermann told International Business Times

Now, securities exchanges on every continent are working on implementing blockchain technology to reduce inefficiencies and costs while improving operational processes and frameworks, which demonstrates the transformative power that the technology pioneered by the cryptocurrency bitcoin can bring to the table.

Chile’s Santiago Stock Exchange Leads Blockchain Implementation in Latin America

On May 17, technology giant IBM and Chile’s largest stock exchange, the Santiago Exchange, announced a partnership to implement blockchain technology into the nation’s financial services sector. The collaboration makes the Santiago Stock Exchange the first exchange in South America to utilize blockchain technology for securities lending on its short selling platform.

The new solution built by IBM and the Santiago Stock Exchange has been designed to reduce errors, alleviate potential fraud and increase processing speed for transactions while also improving the transaction management process and lowering costs for the exchange.

The blockchain’s ability to securely record, store and transfer data allows it to be implemented into a wide range of processes, which makes securities trading and settlement an ideal area where the distributed ledger technology can be applied. For that reason, several exchanges across the world are running blockchain trails in an attempt to reduce costs and increase operational efficiency and transparency. 

IBM’s blockchain in use is based on the open source Hyperledger Fabric blockchain, which has gained a lot of traction in the financial industry throughout the last twelve months. Several financial institutions are currently using Hyperledger Fabric in their blockchain trials, including Toronto-Dominion Bank, JPMorgan Chase, and Deutsche Bank, among others. 

"The Stock Exchange is a technologically advanced company, which provides the infrastructure and systems for all types of securities transactions and their clearing and settlement. The Stock Exchange also provides information services and management systems for intermediaries. Incorporating blockchain into our business processes is in line with that purpose and positions us as a forerunner in the financial market," Santiago Exchange’s CIO, Andrés Araya, stated.

IBM Chile General Manager, Francisco Thiermann, said: "Our agreement with Santiago Exchange marks another new era of innovation in the stock market. Santiago Exchange is a pioneer in its industry, and the blockchain adoption establishes a transformational precedent in the financial market, not just in Chile but in this region and the world," and, thereby, highlighted that the Santiago Stock Exchange is the first in the region to adopt a blockchain-based solution for securities lending.

Should the Santiago Stock Exchange partnership turn into a success, IBM plans to expand its blockchain technology offerings to other types of securities transactions across the South American market. “The idea is for [Chile] to take a leadership position and share the technology with other countries,” Thiermann told International Business Times

Now, securities exchanges on every continent are working on implementing blockchain technology to reduce inefficiencies and costs while improving operational processes and frameworks, which demonstrates the transformative power that the technology pioneered by the cryptocurrency bitcoin can bring to the table.