IBM is willing to team up with Facebook to develop blockchain technology, an IBM executive said, explaining that developing the blockchain ecosystem is “a team sport.”
“Our clients are ready to work with (Facebook) and we’re ready to work with all of them to bring it together,” Jason Kelley, IBM’s blockchain general manager, said in an interview with CNBC.
Kelley said a company the size of Facebook entering the fray helps to bring more legitimacy to the underlying blockchain technology. However, he did not mention whether IBM was interested in joining Facebook’s stablecoin consortium, known as the Libra Association.
Facebook’s Libra stablecoin could be key for Big Blue to realize its ambitions for applying its blockchain technology to the financial services industry.
IBM has been focused on developing its patented Stellar blockchain to facilitate cross-border payments and launched the World Wire, an international payments system that uses Stellar.
World Wire aims to skip banking intermediaries that add complexity and cost to the traditional international payments systems by replacing them with digital assets sent over a distributed network.
Stablecoins backed by local fiat currencies are seen as one of the best digital assets to substitute traditional banking intermediaries.
In March, IBM announced that six international banks signed letters of intent to issue stablecoins, or tokens backed by fiat currencies, including Philippines-based RCBC, Brazil’s Banco Bradesco, and Bank Busan of South Korea, based on Stellar’s XLM crytpocurrency.
World Wire has payment locations in 72 countries, with 48 currencies and 46 “banking endpoints” where people can send or receive cash, according to a statement from IBM.
Tech startup Nebula Genomics is launching DNA sequencing using blockchain, which eliminates the need for customers to reveal personal information. Per a blog post published on Sept. 19, Nebula has rolled out anonymous genetic testing, enabling clients to purchase whole-genome sequencing and provide their saliva samples without the need to share their personal data such as name, address or credit card number. Eliminating the dependence on data de-identificationTo achieve this, Nebula developed and implemented a blockchain-based product that enables transparent and controllable data sharing, and offers an option to conduct pseudo-anonymous payments using cryptocurrencies. For those customers who do not use digital currency, the company recommends using a prepaid credit card to protect their privacy. “Most importantly, enabling individuals to remain anonymous would eliminate the dependence on …
Three new models are rumored to be unveiled -- the iPhone 11 Pro, iPhone 11R and iPhone 11 Max
iPhone 11 Pro Max: 6.5-inch OLED display, 12-megapixel camera
512GB: $1,299 256GB: $1,199 128GB: $1,099 Release date: 20 September
iPhone 11 Pro: 5.8-inch OLED display, 12-megapixel camera
512GB: $1,199 256GB: $1,099 128GB: $999 Release date: 20 September
iPhone 11: 6.1-inch LCD display, 12-megapixel camera
256GB: $899 128GB: $799 64GB: $749
Rumor: Three rear-facing cameras for the 2019 iPhone Rumor: Bilateral charging coming to the iPhone 11 The biggest change coming to this year's iPhone will likely be the camera setup. Almost definite: The 2019 iPhone won't support 5G New mute button: Apart from the redesigned rear camera, the iPhone 11 is expected to closely resemble the iPhone XS, with a virtually identical steel-and-gl…
As we move into our second decade of Blockchain since its inception, it has certainly become more prevalent in recent years. Many enterprise & Fortune 500 companies have invested broadly in Blockchain, and many patents have been issued.
The intention is to decentralize data across many computers so that any involved record cannot be altered retroactively, without the alteration of all subsequent blocks. Blocks are files where data in the network are permanently recorded.
A block is a permanent store of records, which cannot be altered or removed since they are distributed among many participants on the Blockchain network. This is also called Distributed ledger technology (DLT); which Blockchain is a type of.
Discussions and commentary about how Blockchain is working through the ecosystem of tech and creating opportunity are forthcoming in this blog. We will also discuss matters of how it relates to industry, health care, commerce, a…