IBM to Create Fiat-Backed Stablecoins for 6 Banks with Stellar’s XLM

IBM to Create Fiat-Backed Stablecoins for 6 Banks with Stellar’s XLM

IBM is taking its banking clients a step closer to cryptocurrency with IBM’s Stellar-powered money wiring service on which six major international banks will launch their own fiat currency-backed stablecoins. According to Jesse Lund, Vice President of IBM Blockchain and Stellar co-founder Jed McCaleb, as many as 44 international banks are using the IBM’s payment network, IBM Blockchain World Wire, and many of them have signed the letters of intent to launch their own stablecoins…

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IBM to Develop a Blockchain Network for France’s National Council of Clerks

IBM to Develop a Blockchain Network for France’s National Council of Clerks

IBM has been involved in a number of projects over the last couple of years implementing blockchain networks for different companies like Walmart and ADNOC. These projects involve implementing blockchain into supply chain operations and food traceability. The company has played an integral role in the development of the industry outside the cryptocurrencies market. Now, the tech giant is furthering that cause by scoring a new deal with France’s Commercial Court Clerks for a blockchain…

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IBM Creates a Blockchain Security Testing Program to Protect Blockchain-Based Firms

IBM Creates a Blockchain Security Testing Program to Protect Blockchain-Based Firms

The emergence of blockchain technology has completely revolutionized the way things are being done across several sectors of the economy. This rather new technology possesses astounding features that make it the best bet of any modern company looking for real-time transparency as well as a safe and easy method to serve its customers. Since its emergence, blockchain technology has been touted for many features, especially its ability to protect data across a wide supply chain….

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IBM X-Force Research Team Releases the Threat Index for 2019

IBM X-Force Research Team Releases the Threat Index for 2019

As technology continues to evolve, so do cybercrimes and related fraudulent activities. And as these criminal activities continue to rise, security agencies and other teams saddled with the responsibility of fighting these criminals are actively discovering newer and more efficient means of detecting and preventing such attacks. One of such teams is the IBM X-Force Research team, which is focused on cracking security breaches. They monitor tens of millions of spam and phishing attacks every…

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IBM and PIL Pilot a Blockchain-Powered Platform to Track Orange Shipments

IBM and PIL Pilot a Blockchain-Powered Platform to Track Orange Shipments

Food traceability is one of the most prominent issues of the market today. There is a special need for a solution that can help improve the current environment and provide true traceability and transparency. Blockchain can help with that, as proven by the recent successful pilot project by Pacific International Lines (PIL) that collaborated with IBM to track orange shipments to China using blockchain for the Chinese new year. Pilot exercises like these can prove…

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IBM Collaborates with Health Insurers to Reduce Costs in the Healthcare Industry

IBM Collaborates with Health Insurers to Reduce Costs in the Healthcare Industry

American health care company, Aetna Inc and several other health insurers have announced a partnership with IBM Corp to create a blockchain network aimed at cutting costs in the healthcare industry. 2019 looks to be a big year for blockchain projects. Only a few years ago “blockchain” wasn’t in the vocabulary of most people, professional industries included; however, blockchain has seen a major spike over the last year, raising its profile as a promising emerging…

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Ford, Cobalt, IBM, LG & RCS Introduce a Blockchain Initiative for the Mineral Mining Industry

Ford, Cobalt, IBM, LG & RCS Introduce a Blockchain Initiative for the Mineral Mining Industry

Over the years, several blockchain projects have been piloted in collaboration with industry-specific giants to disrupt various industries. One such blockchain project is currently piloted to address the concerns in strategic mineral supply chains. IBM has recently announced the development of the open industry-wide network to trace and validate minerals and other rare earth materials for the consumer electronics, automotive, aerospace, and defense industries. Ford Motor Company, Huayou Cobalt, IBM, LG Chem, and RCS Global…

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Blockchain-Based CLS Payment Netting Becomes Operational with Goldman Sachs and Morgan Stanley

Blockchain-Based CLS Payment Netting Becomes Operational with Goldman Sachs and Morgan Stanley

A project which started sometime in 2016 has finally gone operational. While this may sound like just another news, it is, in fact, one of the best news this year as it is the first of its kind. For the first time, blockchain technology is being employed in the global FX market. This was made possible by building a blockchain-based standardized automated bilateral payment netting service to cater to over a hundred and twenty currencies….

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Tech Giant IBM Collaborates with Columbia University to Introduce Two Blockchain Accelerator Programs

Tech Giant IBM Collaborates with Columbia University to Introduce Two Blockchain Accelerator Programs

A press release released in the IBM News Room on November 19 stated that the tech giant with the help of the world’s leading research university, Columbia University, intends to launch two accelerator programs to help accelerate the growth of blockchain-based tech startups. The press release stated that both accelerators, which are key components of the partnership entered by both parties – the Columbia-IBM Center for Blockchain and Data Transparency – were built to offer…

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