Tagged: ibm

New York-based IBM Acquires 7% Stake in Blockchain enabled Trade Finance Solution, we.trade

New York-based tech giant IBM (NYSE:IBM) has acquired a 7% stake in we.trade, a blockchain-enabled trade finance platform that’s owned by 12 major banking institutions. Launched by nine banks back in January 2017 under the name, Digital Trade Chain, the platform was renamed as we.trade… Read More

Blockchain based ID Firm Vereign AG Closes on CHF 2.5 Million Seed Round

Vereign AG, based in Zug, Switzerland, has closed on a financing round of CHF 2.5 million (~ $2.58M) to establish a Swiss network for a verified and self-managed identity service. The financing round was led by AquilaDirekt AG and a renowned Swiss entrepreneur through a… Read More

California-based Dole Food Company to Integrate Distributed Ledger Tech for Managing Supply Chain Processes

California-based Dole Food Company, an agricultural multinational corporation, has introduced a five-year plan to integrate blockchain or distributed ledger technology (DLT) for managing supply chain processes. Dole Food Company is the largest producer of fruits and vegetables in the world. The agribusiness company generated over… Read More

IBM Joins Forces With Fenergo to Tackle Financial Crime

Ireland-based fintech Fenergo announced on Tuesday it has joined forces with IBM (NYSE: IBM)  to fight financial crime. The duo signed an original equipment manufacturing (OEM) agreement that will allow the companies to collaborate on solutions that can help clients address the multitude of financial risks they… Read More

Hong Kong’s Hang Seng Bank Introduces “Haro WhatsApp” Chat Contact to Assist Customers with Digital Banking

Hong Kong-based Hang Seng Bank, a banking and financial services company, has launched a new chat contact for WhatsApp users based in the city, which is a special administrative region of the People’s Republic of China. The new chat feature aims to provide a direct… Read More

Hex Trust Is Now the First Licensed Crypto Asset Custodian in Hong Kong to Integrate with R3’s DLT-based Corda Platform

Hex Trust has reportedly become the very first licensed crypto-asset custodian in Hong Kong to integrate its services with R3’s Corda platform. The integration will allow the blockchain or distributed ledger technology (DLT) platform to be used by Hex Trust’s virtual asset custody solution. R3… Read More

Standard Chartered Joins TradeLens, a Leading Blockchain-based Supply Chain Management Solution Developed by IBM, Maersk

London-headquartered Standard Chartered, a British multinational banking and financial services company with over $700 billion in total assets, has reportedly become the first major financial institution to join TradeLens, blockchain-powered container logistics solution created by IBM and Maersk. Standard Chartered is notably the first financial… Read More

Infosys Announces Global Alliance With IBM

Infosys (NYSE: INFY), a global consulting, technology and next-generation services firm, announced on Monday it has formed a global alliance with IBM (NYSE: IBM) in order to help enterprises accelerate their digital transformation journey using the IBM public cloud. According to Infosys, the collaboration will help… Read More

IBM’s Indonesia Division Confirms that Country’s Directorate General of Customs and Excise is Using Tech Giant’s DLT-enabled Shipping Software, TradeLens

New York-headquartered tech giant IBM’s Indonesia division has confirmed that the nation’s Directorate General of Customs and Excise has begun using the blockchain or distributed ledger technology (DLT)-enabled shipping platform, called TradeLens. This news has come after months of platform development, with the country’s Customs… Read More

New York-based Tech Giant IBM Acquires Patent for Developing “Self-Aware” Token

New York-based tech giant IBM has reportedly acquired a patent for the implementation of a “self-aware token,” which will be developed specifically to record events of offline transactions. According to a document submitted to the US Patent and Trademark Office, the self-aware token will be… Read More

Edinburgh-based TSB Bank to Establish New IT Center to Support Digital Banking Services as Part of $156 Million Investment

TSB has confirmed that it will establish a new IT center based in Edinburgh, in order to support the launch of digital banking services, as part of a £120 million (appr. $156 million) investment – which is expected to create around 100 new technology jobs,… Read More

IBM and Farmer Connect Introduce Blockchain-based App that lets Users Learn About Coffee Beans they’ve Purchased

New York-based tech giant IBM and Farmer Connect, an organization focused on enhancing transparency and sustainability in agriculture supply chains, introduced a blockchain-powered application at the Consumer Electronic Show (held in Las Vegas, Nevada on January 6, 2020) that lets users learn more about the… Read More

IBM Teams Up with Argentine Chamber of Fintech to Support Digital Transformation Efforts in Country’s Banking Sector

New York-based tech giant IBM and the Argentine Chamber of Fintech have entered an agreement to support various innovative projects and digital transformation initiatives in Argentina’s financial technology and banking sector. IBM will reportedly support the chamber in developing activities to promote Fintech-related projects such… Read More

Nestlé and French Multinational Retailer Carrefour Apply Blockchain Technology to Infant Nutrition “for the First Time”

Switzerland-based Nestlé, a food and drink processing conglomerate, has teamed up with Carrefour, a French multinational retailer, in order to “apply blockchain technology to infant nutrition for the first time.” According to a recent press release: “After being the first to apply blockchain technology to… Read More

IBM Partners Bank of America to Launch Public Cloud Platform for Major Banks

New York-based tech giant IBM revealed on November 6 that it has developed financial services-specific cloud-based technology through a partnership with Bank of America, which will be the first major financial institution to use the new platform. The publicly accessible platform, IBM’s first industry-specific cloud,… Read More

Fundament to Provide Institutional Grade Custody in New Partnership with “DACS,” Digital Asset Custody Services

Fundament Securities, the issuer of the first regulated Real Estate Security Token offer in Germany, will provide institutional-grade custody solution for its digital assets in a new partnership with DACS “Digital Asset Custody Solution” a digital asset lifecycle management business. Fundament Group is a Berlin-based end-to-end… Read More

Spanish Fintech Firm PecunPay Selects IBM to Develop Red Hat’s Kubernetes Platform OpenShift to “Drive Business”

Spanish Fintech firm PecunPay, which provides a payment and electronic funds transfer platform (managed by the Bank of Spain), has selected New York-based tech giant IBM to develop Red Hat’s Kubernetes platform OpenShift in order to help “drive business.” PecunPay reportedly manages over 500,000 cards… Read More

GMEX Builds Digital Capital Markets Technology Suite With IBM Blockchain Platform to Support Digital Assets

GMEX Technologies Ltd., a wholly-owned subsidiary of GMEX Group providing multi-asset post-trade business and technology solutions, announced on Thursday the latest release of its GMEX Fusion Digital Capital Markets technology suite (GMEX Fusion), which was built on IBM (NYSE: IBM) Blockchain Platform. According to GMEX,… Read More

IBM Announces Expansion of Cloud Capabilities in Latin America

IBM (NYSE: IBM) announced earlier this week it is expanding its cloud capabilities to Latin America by late 2020. According to IBM, the new IBM Cloud multizone region (MZR), which will be in Brazil, is set to become IBM’s first in Latin America and will help clients… Read More

Hashgraph Distributed Ledger Platform Adds IBM and Tata to Governing Council

Hedera Hashgraph, a speedy blockchain that seeks to power enterprise services, has added IBM and Tata Communications to its Governing Council. Hedera reports that curretntly there are 39 multinational entities participating on the Council as it pursues the “next generation” distributed ledger technology (DLT). Council… Read More

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