How IBM Will Turn Patents In NFTs With Its Blockchain

IBM’s partner IPwe will tokenize patents as non-fungible tokens (NFTs), according to a press release. The company will build an infrastructure to store the NFTs. The objective is to improve the way patents are traded. IPwe hopes to “bring new liquidity to this asset class for investors”. Hosted on IBM Cloud, IPwe’s platform operates as a “global patent marketplace”. On it, users can research, seek, and transact with Intellectual Property. The company has operations in over 50 countries worldwide. Per the release, the cooperation aims to offer corporations and investors…

IBM Stock Up 3% in Pre-market, Company Reports Better than Expected Q1 Earnings Results

IBM stock added approximately 10% in the past year and has jumped over 5% year-to-date. International Business Machines Corp (NYSE: IBM) stock jumped more than 3% today in the pre-market trading session to trade around $137.20. IBM just reported its Q1 earnings results that beat analysts’ expectations, thus provoking the spike in stock volatility. Notably, the company reported adjusted earnings per share of $1.77 versus $1.63 per share as expected by analysts according to Refinitiv. During the first three months of the year, IBM recorded a revenue of $17.73 billion…

4 BEST BLOCKCHAIN STOCKS (Stocks To BUY NOW)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 4 BEST BLOCKCHAIN STOCKS (Stocks To BUY NOW) In todays video we are talking about best blockchain stocks to buy now! No, we are not talking about Bitcoin or Ethereum instead we are talking quite the opposite. I believe blockchain will spark great innovations in the world of fintech. 4 best Blockchain Stocks to buy now: #1 Best Blockchain Stocks to buy now: IBM Stock (Ticker symbol: IBM) #2 Best Blockchain Stocks to buy now: PayPal Holdings Stock (Ticker symbol: PYPL) #3…

Metaco partners with IBM for secure digital asset orchestration system

Digital asset security infrastructure outfit Metaco has partnered with tech conglomerate IBM to utilize the latter’s cloud platform for enterprise-grade digital asset custody solutions. According to a press statement issued on Thursday, Metaco will leverage IBM Cloud and IBM Cloud Hyper Protect Services for its digital asset orchestration system. The goal of the partnership is to provide adequate digital asset custodial services for banks and other highly regulated financial services firms looking to participate in the digital asset ecosystem across use cases like tokenization, custody, and transaction management among others.…

New York governor Cuomo reveals COVID-19 pilot built on IBM blockchain

A sense of relief has begun to emerge as COVID-19 vaccinations continue to be administered across the world. While hopeful, a new challenge remains: distinguishing between individuals vaccinated and those unvaccinated.  Various statistics claim that very little of the world’s population has been fully vaccinated as of the start of March 2021. While this number is still low, some regions like Texas have optimistically begun lifting mask mandates in hopes of resuming normal lifestyles. Other states across America, however, have started taking safer precautions to ensure normalcy following the COVID-19 vaccination rollouts. For example, New…

$97B retail firm uses IBM blockchain to track food supply

IBM’s food-tracking blockchain technology will be used by the Carrefour multinational retail firm to track food supply lines from the farm to the store. An agreement between Majid Al Futtaim — the firm that operates Carrefour in the Middle East — and IBM will see the retail giant use the IBM Food Trust initially to track two food categories: chicken and microgreens. The IBM Food Trust is a blockchain-specific platform designed for the food industry, hosted on the IBM Cloud. Carrefour, which recorded $97 billion in revenue in 2019, will…

IBM, Top Australian Banks Execute Country's First Blockchain Bank Guarantee

A digital bank guarantee has just been executed over a blockchain system in Australia, in what’s being called a first for a commercial bank product in the nation. Lygon, a blockchain-based platform and joint venture between the ANZ, Westpac and Commonwealth banks, shopping center operator Scentre Group and IBM, announced the “milestone” news Wednesday, saying it began trialing its technology mid-way through 2019. The venture’s objective was to bring the 200-year-old paper-based bank guarantee process “into the digital era.” Normally in a paper-based system, validations on bank guarantees can take…

Palantir (PLTR) Stock Up 6% after Announcing New Partnership Deal with IBM

Palantir stock price is moving higher these days being boosted by the announcement about the company’s new partnership. Palantir Technologies Inc (NYSE: PLTR) recorded a surge of 10% on its stock after announcing a partnership deal with International Business Machines Corp (NYSE: IBM) sending its shares to $37.53. The stock closed at $36.05 (+5.87%). Now PLTR shares are up 2.97%, reaching $37.12. Palantir has enjoyed a lot of success since making its debut on the New York Stock Exchange (NYSE), having seen the value of its shares quadrupling and still…

Blockchain Bites: IBM Blockchain Bleeds, Exchange Tokens Pump, ETH Hits New High

Happy Groundhog Day. Bitcoin is ticking up, though still rangebound. XRP continues to bleed after a semi-successful orchestrated pump. Exchange tokens are seemingly benefiting from GameStop-style gamesmanship.  Three stories 1. IBM Blockchain has reportedly missed its revenue goals by a wide margin two years running. The legendary computing giant’s enterprise blockchain unit has atrophied to approximately 10% of its peak size, according to anonymous sources close to the matter. Expectations for enterprise blockchain were too high, they said, adding that IBM “didn’t really manage to execute, despite doing a lot…

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 a source at a startup that has been interviewing former IBM blockchain staffers. “There is not really going to be a blockchain team any longer. Most of the blockchain people at IBM have left.”  IBM’s…