IBM

Report: $300B Worth of Food Will Be Traced Using Blockchain and IoT by 2027

Blockchain technology and the Internet of Things (IoT) can solve some of the food industry’s most pressing challenges and save it $100 billion a year, according to a recent report by Cointelegraph Consulting and VeChain. The report forecasts that $300 billion worth of food items will be traced along the supply chain annually within seven …

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Breaking Bitcoin: Crypto Proponents Discuss Honeywell’s 6 Qubit Quantum Computer

On June 19, 2020, the massive industrial firm Honeywell told the public the company is now running a quantum computer that effectively leverages six effective quantum bits, or qubits. Honeywell’s machine is two times more powerful than the quantum computers designed by IBM and Google. With Honeywell revealing the new quantum computer, skeptics have already …

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How Blockchain Is Changing the Advertising Industry

Even though advertising has been around for about as long as commerce has, in today’s digital age entirely new problems are popping up that are souring the experience for advertisers, publishers and the public alike. Costs have risen, the handling of consumer data has become an issue and ad fraud is far too common. Now, …

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IBM stops work on facial recognition over human rights concerns

Sponsored Links KENGKAT via Getty Images The backlash to facial recognition among governments is extending to corporate heavyweights. IBM chief Arvind Krishna has sent a letter (via Axios and CNBC) to Congress revealing that the company has exited its “general purpose” facial recognition business. The company “firmly opposes” use of the technology for surveillance, racial …

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IBM laying off thousands, seeking “flexibility” during COVID-19 crisis

Enlarge / Unlike the illustrative man in this stock photo, employees at HPE, IBM, and other firms conducting layoffs at this time may not even be able to gather their effects from offices closed due to coronavirus. Tetra Images | Daniel Grill | Getty Images The COVID-19 crisis is hitting almost every market sector hard, …

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IBM Takes 7% Stake in Trade-Finance Blockchain Network We.Trade

IBM has become a shareholder in we.trade, the trade-finance platform jointly owned by 12 European banks, signaling further consolidation across the enterprise blockchain space. Ciaran McGowan, we.trade’s CEO, said the deepening relationship with Big Blue will help the platform in its next phase of global expansion. “Now we’ve got a very strong partnership with IBM …

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IBM Blockchain Head: DLT is Transforming Global Supply Chains

In an interview with Cointelegraph, Rupert Colchester, the head of blockchain at IBM Australia and New Zealand, discussed how distributed ledger technology is transforming supply chain systems worldwide. Colchester also provided insight into some of IBM’s current blockchain initiatives and the state of the industry in Australia, and he shared his excitement for the emerging …

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IBM, Mastercard Join Digital Identity Project Building ‘Ecosystems of Trust’

The highly specialized world of digital identity is opening itself to a wider audience. Announced Tuesday, the Trust over IP (ToIP) Foundation is backed by governments, nonprofits and private-sector firms. Key players include Mastercard, IBM and the Canadian Province of British Columbia.  A vast ecosystem of public bodies and private companies, large and small, are …

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IBM, Merck Declare FDA-Backed Drug Tracing Blockchain a Success

IBM, Merck, Walmart and KPMG’s drug-tracing blockchain pilot has exceeded the benchmarks outlined by the U.S. Food and Drug Administration, the group announced Monday. In their final report to the FDA, the project’s sponsor, the partners called distributed ledger technology (DLT) a safety-enhancing answer to the U.S. Drug Supply Chain Security Act (DSCSA), which gives …

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