IBM

IBM Blockchain Is a Shell of Its Former Self After Revenue Misses, Job Cuts: Sources

IBM has cut its blockchain team down to almost nothing, according to four people familiar with the situation.  Job losses at IBM (NYSE: IBM) escalated as the company failed to meet its revenue targets for the once-fêted technology by 90% this year, according to one of the sources. “IBM is doing a major reorganization,” said …

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Minerals giant Norilsk Nickel joins Responsible Sourcing Blockchain Network

“Mining” may be most frequently used in the crypto industry to refer to the process by which digital currencies are collectively generated — but there are contexts in which firms are adopting blockchain infrastructure to manage the most physical of mining supply chains. The Russian company Norilsk Nickel — the world’s largest producer of palladium and …

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12 of the biggest enterprise blockchain players of 2020

Enterprise blockchain started gaining traction in 2017 shortly after Bitcoin had reached its all-time high of nearly $20,000. Since then, enterprise blockchain has mainly been defined by private blockchain networks used by businesses for things such as supply chain management.  The enterprise blockchain space has changed quite a bit since 2017. For instance, 2020 has …

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Blockchain-powered Bordeaux? IBM announces wine supply chain tracing system

An IBM blockchain-powered platform is now offering a way for people to track wine from its vineyard origins all the way to your local store shelf. In an announcement today, IBM said it has partnered with wine monitoring firm eProvenance to release the VinAssure platform. Built on IBM Blockchain Transparent Supply, VinAssure will reportedly run …

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IBM-R3 Pact Shows Tech Trumps Tribe in Enterprise Blockchain

News this week that R3 and IBM are working together raised eyebrows, because each entity has been on different and competing sides since the early days of enterprise blockchain. From next month, the commercial version of Corda (the version big banks and the like are paying R3 for) will be made available via IBM’s LinuxOne …

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IBM blockchain powers new app to help firms reopen amid pandemic

A new application powered by the IBM blockchain aims to help people around the world return to physical encounters amid the coronavirus pandemic. IBM Watson Health, a healthcare-focused arm of tech giant IBM, is launching IBM Digital Health Pass, a blockchain-based app to support global organizations and companies as they start reopening after months of …

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Thai central bank issues $1.6B in government bonds on IBM blockchain

The Bank of Thailand launched the world’s first blockchain-based government savings bond issuance platform using IBM’s blockchain technology. Within two weeks of the launch, the central bank sold more than $1.6 billion worth of savings bonds, as per IBM’s official announcement on Oct. 5, 2020. The use of blockchain technology is said to have reduced …

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The US is number one…in blockchain patents

Despite Chinese firm Alibaba filing the most patents so far this year, the United States still takes the lead as the country with the most blockchain patent, a Sept. 17 report from intellectual property consultancy KISSPatent. IBM and Alibaba hold the most blockchain patents. Alibaba has filed more than 200 patents while IBM filed a …

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Report: Blockchain Patents ‘Skyrocket’ in 2020, Alibaba Owns the Most Crypto Patents

A study from the team at Kisspatent shows that Alibaba Group is the largest blockchain patent holder in 2020 capturing 10x the number of patents held by IBM. The report notes that blockchain patents “are skyrocketing” this year and so far in 2020, there’s been more distributed ledger technology and cryptocurrency patents published than all …

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Blockchain platform commercializes digital bank guarantees in Australia

The Lygon blockchain platform, which runs on IBM Public Cloud, has reportedly successfully conducted its pilot since last year with Australian banks ANZ, Commonwealth Bank of Australia (CBA) and Westpac and a group of 20 Australian businesses.  Banks are expected to issue bank guarantees in just one day once they implement Lygon compared to the …

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