Tag: IBM

IBM Unveils Offline Crypto Storage for Institutional Investors Seeking Top-Notch On-chain Security

The IBM Hyper Protect Offline Signing Orchestrator has been tapped by Ripple Labs-backed Metaco to provide secure crypto storage. International Business Machines Corporation (NYSE: IBM), a leading software and consulting information technology company with much focus on cloud computing, has been working on its way to the web3 space through its vast infrastructure. Notably, IBM unveiled the Hyper Protect Offline Signing Orchestrator that allows crypto investors to transfer assets from their cold storage wallet seamlessly with utmost security. In a recent demonstration video, IBM showed how Bitcoin sender can automate…

IBM and Meta Unveil AI Alliance for Open-Source Development

IBM disclosed that the Alliance will support projects addressing benchmarks, evaluation standards, and the deployment of resources essential for the ethical use of AI systems on a global scale.  International Business Machines (IBM), one of the leading technology companies in the world, and Facebook’s parent firm Meta Platforms Inc (NASDAQ: META) have announced the launch of the AI Alliance to promote the development of open-source, responsible, and safe artificial intelligence (AI) tools. The AI Alliance seeks to democratize the closed system for large language models (LLMs) defended by tech giants…

IBM unveils new air-gapped cold storage solution for digital assets

boss

IBM announced the launch of IBM Hyper Protect Offline Signing Orchestrator (OSO), an air-gapped cold storage solution for digital assets, on Dec. 5.  Working with digital asset manager Metaco, an IBM partner and Ripple subsidiary, and tier-1 banks, IBM developed the end-to-end asset encryption service to address common vulnerabilities found in typical cold storage solutions. Per an IBM blog post: “When it comes to offline or physically air-gapped cold storage, there are limitations, including privileged administrator access, operational costs and errors and the inability to truly scale. All these limitations…

IBM Introduces New Cold Storage Tech for Crypto Assets

“IBM’s confidential computing division has been a reliable partner throughout the years, and we are pleased to complement Metaco’s catalog of institutional cold storage solutions with the unique air-gapped cold storage that OSO enables, especially as cold storage requirements are increasingly being stipulated by regulators in markets such as Singapore, Hong Kong and Japan,” said Metaco CEO Adrien Treccani in a statement. Source

IBM says it will have hit a quantum computing ‘inflection point’ by 2029

boss

IBM announced the unveiling of its 1,121-qubit “Condor” quantum computing processor on Dec. 4. This is the company’s largest by qubit count and, arguably, the world’s most advanced gate-based, superconducting quantum system. Alongside the new chip, IBM delivered an updated roadmap and a trove of information on the company’s planned endeavors in the quantum computing space. The Condor quantum processor The 1,121-qubit processor represents the apex of IBM’s previous roadmap. It’s preceded by 2022’s 433-qubit “Osprey” processor and by 2021’s 127-qubit “Eagle” processor. In quantum computing terms, qubit count isn’t…

IBM brings ‘utility-scale’ quantum computing to Japan as China and Europe struggle to compete

boss

IBM announced the completed installation of a 127-qubit quantum computing system at the University of Tokyo on Nov. 27. According to the company, this marks the arrival of the first “utility-scale” quantum system in the region. [Article] The University of Tokyo Completes Installation of 127-Qubit IBM Quantum Eagle Processorhttps://t.co/TrFAnEQ3wq — UTokyo | 東京大学 (@UTokyo_News_en) November 27, 2023 The system, dubbed a “Quantum System One” by IBM and featuring the company’s Eagle processor, was installed as part of an ongoing research partnership between Japan and IBM. According to a blog post…

IBM Beats Estimates for Its Q3 2023 Revenue, Stock Jumps 1%

IBM’s Software unit delivered $6.27 billion in revenue registering an 8% surge in Q3 2023. The company has given an optimistic outlook for Q4 as well. On Wednesday, October 25, IBM Corp (NYSE: IBM) stock jumped by 1% as the technology firm announced its Q3 2023 results beating Wall Street estimates. IBM’s total revenue experienced a year-over-year growth of 4.6% in the quarter, or 3.5% when adjusted for constant currency fluctuations, as reported in an official statement. The net income for the period reached $1.70 billion, equivalent to $1.84 per…

IBM and Microsoft Joins Forces with Other Entities to Form Post-Quantum Cryptography (PQC) Coalition

The Post-Quantum Cryptography coalition is geared towards providing the architecture and information on how to protect data from decryption by quantum computers. Amid the mainstream adoption of blockchain technology and crypto assets, a new cybersecurity threat has emerged that involves quantum computing. As a result, a group of tech enthusiasts – including Microsoft Corporation (NASDAQ: MSFT), International Business Machines Corporation (NYSE: IBM), University of Waterloo, SandboxAQ, and PQShield – joined forces to form the Post-Quantum Cryptography coalition. Another key member of the Post-Quantum Cryptography (PQC) coalition is the National Institute…

IBM, Microsoft, others form post-quantum cryptography coalition

IBM Quantum and Microsoft have formed a coalition to tackle post-quantum cryptography alongside not-for-profit research tank MITRE, U.K.-based cryptography firm PQShield, Google sibling company SandboxAQ, and the University of Waterloo. We’re proud to be a part of a new community of cybersecurity organizations to accelerate adoption of post-quantum cryptography in commercial & open-source technologies. Learn more about the #PQC Coalition. https://t.co/pSrFX1qPPB | #QWC2023 #UWaterloo pic.twitter.com/vXG6CilQVx — University of Waterloo (@UWaterloo) September 26, 2023 Post-quantum cryptography (PQC) addresses the potential threat posed by quantum computers of the future. Current cryptography schemes…

IBM proposes ideas for digital euro implementation

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A group of IBM specialists has prepared some ideas regarding implementing the digital euro that the European Commission could consider. The tech consulting company highlighted five topics that could help design the digital currency. The five areas where the company focused on the draft were: Build on existing rails and provide enhancements for the digital euro. Extend PSD2(3) with a standard digital euro API for incumbents, FinTechs, and TPPs. Allow strong privacy for low-value proximity payments,…