IBM and KAYA&KATO Leverage Blockchain to Trace Fabric Origins

Tech giant IBM has teamed up with KAYA&KATO, a textile manufacturer of workwear and uniforms, in developing a blockchain network aimed at revamping the fashion industry. The blockchain system is expected to create transparency about the origin of garments from fiber to the final product. Enhancing customers’ knowledge base By leveraging blockchain technology, KAYA&KATO will expand its clients’ knowledge base about where their clothes have been sourced. As a result, they will be shown that their garments have been sustainably produced.   As per the announcement: “This new application…

IBM Scores Patent on Proposed Blockchain Consensus for Transactions in Multiplayer Games

Tech giant IBM has been granted a patent on a blockchain-based consensus model envisioned for use in handling transactions within multiplayer games with a large user base.  The U.S. patent, titled “Gaming consensus protocol for blockchain,” was awarded last week and proposes the model of electing a subset of any game’s users to verify transactions, and then from within that subset choosing a leader to generate a block and broadcast it to the blockchain network.  Source link

IBM targets sustainable fashion with latest blockchain partnership

IBM’s foray into the blockchain ecosystem is deepening with a new partnership to track supply chains in the textile and fashion industries.  The Armonk-based tech giant announced Monday that it’s teaming up with German textile manufacturer KAYA&KATO to develop a blockchain network that tracks the origin of fabrics used in the fashion industry. The new application will allow KAYA&KATO’s suppliers and customers to identify where their fabrics are processed, as well as understand each step of the production and distribution processes. IBM said: “The network is designed to create transparency about…

IBM and R3 to Scale Up Hybrid Cloud with Blockchain Capabilities

Tech giant IBM has teamed up with R3, an enterprise software company, to boost hybrid cloud with blockchain capabilities so that the highest levels of data privacy, compliance, and performance can be achieved. Building blockchain solutions for enterprises in regulated fields Through the strategic partnership, a new open beta program will integrate R3’s blockchain platform Corda Enterprise with IBM LinuxONE, enterprise Linux servers for cloud solutions, from next month. As a result, the hybrid cloud will be enhanced both on-premises and the IBM cloud. THe hybrid cloud is an environment…

Global shipping leaders join IBM and Maersk blockchain platform

Two of the world’s largest container carriers announced a full integration onto IBM and Maersk’s TradeLens blockchain platform. CMA CGM, a French container and shipping company, along with MSC Mediterranean Shipping Company have joined the TradeLens network to enable a complete digital transformation of their supply chains. Marvin Erdly, head of TradeLens for IBM Blockchain, told Cointelegraph that as supply chains become digitized, manual paper-based processes, like processing bills of lading, are removed from the equation. “These processes are now embedded in blockchain networks and smart contracts that are trusted…

IBM Launches Blockchain Health Pass to Aid Reopening of Public Places

The initiative taken by IBM Watson Health to develop the Digital Health Pass is one of the many innovations that is currently being explored by the company. IBM Watson Health, a division of Management Consulting firm IBM Corporation (NYSE: IBM) is set to debut a mobile-based blockchain application dubbed Digital Health Pass to help in health verification status in order to aid the safe reopening of public spaces. Per the update on the project’s website, the IBM mobile digital Health Pass will be available for downloads and it prioritizes customer’s…

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 lockdown. IBM Watson stated that the new app can deploy multiple data types like COVID-19 test results and onsite temperature scans to generate a verified health status. With the opportunity to verify health status via…

IBM Shares Rose 5.98% on Thursday After the Company Announced It Will Spin Off Its IT Infrastructure Unit

IBM shareholders are set to benefit directly from the spin-off, as they will acquire proportional shares in the newly formed publicly-traded company. Shares of International Business Machines Corp (NYSE: IBM) closed Thursday’s trading session 5.98% higher than the opening value, $124.07. The jump is attributed to three positive news that the company released yesterday through its website. First, IBM indicated that it will focus on hybrid cloud global business. Secondly, IBM announced that it will spin off its Managed Infrastructure Services unit of its Global Technology Services division into a…

Bank of Thailand Launches Government Savings Bond on IBM Blockchain

Apart from blockchain technology, Thailand has also joined a growing number of countries currently exploring the cryptocurrency space. The Bank of Thailand has successfully launched a government savings bond on the IBM (NYSE: IBM) blockchain. Investors in the country can now buy bonds worth the maximum allowed value from a single bank. On the 5th of October, IBM announced that the blockchain-based government savings bond is the first of its kind globally. The announcement also stated that the central bank sold $1.65 billion worth of savings bonds within two weeks…

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 the bond issuance time from 15 days to just two days. The increased efficiency of the process has also reduced operational cost and redundant validation of documents involved in bond issuance. IBM along with the…