Blockchain 

Travelport and IBM Work on Blockchain Platform for Hotel Commissions

Artificial intelligence-enabled travel platform Travelport, IBM and travel management company BCD Travel are jointly developing a blockchain platform to streamline hotel commission reconciliation. Per a press release on Aug. 20, the companies are collaboratively working on the creation of a blockchain-based platform in a bid to optimize hotel commission processing. Specifically, the product will purportedly allow users to track and account for commission payments hotels owe for services that travelers bought through booking agencies. Travelport and IBM are working within the framework of the IBM Garage — a consultation program…

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Blockchain 

IBM and Tata Become Governing Council ‘Owners’ of Hedera DLT Platform

Public distributed ledger Hedera Hashgraph has announced that IBM and Tata Communications have joined its governing council. In a news release on Aug. 12, the platform described the addition of the two firms as a “powerful endorsement” of its hashgraph consensus mechanism. “Diverse array” of council members Mance Harmon, the CEO of Hedera Hashgraph, said IBM and Tata Communications’ presence further decentralizes the platform’s governance, adding: “Our governance model, which includes a robust system of checks and balances, ensures power can’t be consolidated, while at the same time providing a…

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Blockchain 

Tech Behemoth IBM Files for a Blockchain-Enabled Web Browser Patent

American technology behemoth IBM has filed with the United States Patent and Trademark Office for a blockchain-enabled web browser patent. According to a patent application published on Aug. 6, IBM has filed a patent application for a system that stores web browser events on a blockchain. The browser described in the filing collects information during web browsing sessions and transfers it to peers in a peer-to-peer network for on-chain storage of the in-browser events. Examples of data that could be stored on chain include: visited websites, bookmarks, search terms, cookies,…

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Blockchain 

IBM Launches New Blockchain Platform for Supplier Data Management

Tech giant IBM and blockchain company Chainyard have jointly developed a new blockchain network for supply chain management. IBM announced the platform in a press release shared with Cointelegraph on Aug. 5. Alongside IBM, the Trust Your Supplier network’s founding members are also American brewing company Anheuser-Busch InBev, tech companies Cisco, Lenovo, Nokia, Schneider Electric, British pharmaceutical company GlaxoSmithKline and telecoms company Vodafone. The product is built on the IBM Blockchain Platform and aims to eliminate manual time-consuming processes and help reduce the risk of fraud and errors. Per the…

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Blockchain 

IBM Triples Number of Blockchain Patents in US Since Last Year

Tech giant IBM has tripled the number of blockchain patents secured in the United States since last year, currently boasting over 100 active patent families. That makes IBM’s growth in US patents the largest of last, according to a report by BeinCrypto on July 16. According to data gathered by Yuval Halevi, co-founder of crypto and blockchain PR company GuerillaBuzz, IBM’s number of active patent families dwarfs other notable corporations. This includes some primary tech companies, such as Intel, Microsoft, and Dell Technologies: “In just 1 year the number of…

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Blockchain 

IBM Launches Blockchain Pilot for Bank Guarantee Processes

Tech giant IBM has launched a pilot for a blockchain-powered platform designed to streamline bank guarantee process In a press release shared with Cointelegraph on July 3, IBM stated that the pilot was launched in partnership with four Australian financial services companies. The pilot — dubbed Lygon — is backed by IBM, the Australia and New Zealand Banking Group Limited, Commonwealth Bank, real estate operator Scentre Group, and Australia’s first bank Westpac. The pilot is set to run for eight weeks for a test group of retail property leasing customers…

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Blockchain 

IBM Announces New Multicloud Update to Blockchain

IBM has announced upgrades to its Blockchain Platform, according to a report by Ledger Insights on June 18. The new IBM Blockchain Platform will reportedly be able to run on multiple cloud networks, such as major tech corporation Microsoft’s Azure or Amazon Web Services (AWS). This is apparently the main upgrade over its previous iteration, which was available solely through IBM’s cloud. The multicloud platform will be available via Kubernetes, a container program that will reportedly allow users to scale their blockchain networks as needed. One of the main upshots…

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Blockchain 

US FDA Partners With IBM and Walmart to Improve Drug Supply Chain Using Blockchain

The United States Food and Drug Administration (FDA) has partnered with four global high-profile firms to apply blockchain in the drug supply chain, tech media outlet ZDNet reports on June 13. The FDA has reportedly teamed up with companies including IBM, Walmart, Big Four auditor KPMG, and the world’s oldest pharma firm Merck in order to build a proof-of-concept (PoC) blockchain network to share and track data on distribution of prescription drugs. According to the report, the initiative is connected with the United States Drug Supply Chain Security Act (DSCSA)…

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Blockchain 

Brazil Central Bank Debuts IBM Blockchain Interbank ID System on Hyperledger

The central bank of Brazil has officially launched its blockchain ID platform via a partnership with IBM using Hyperledger Fabric, Cointelegraph Brazil reported on June 12. The identity solution, dubbed “Device ID,” will see participation from nine banks, and is reportedly integrated into Brazil’s domestic clearing system, the Brazilian Payment System (SPB). Its aim is to authenticate and verify digital signatures using mobile devices, ostensibly to guard against financial crime and unauthorized use of the financial system. “Brazilian banks have been studying blockchain technology applications for a long time, but…

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Blockchain 

Azerbaijan Government Partners With IBM on Blockchain Customs Deal

IBM is expanding its partnership work with Azerbaijan’s government to bring blockchain technology to customs procedures, Central Asian-focused Trend News Agency reported on June 12. Following a reported deal with the country’s central bank in October 2018 — which should see blockchain deployed in various areas over a five-year period — IBM will now use the technology to target cargo transportation. The news came from Azerbaijan’s State Customs Committee, the chairman of which, Safar Mehdiyev, spoke about the plans at a press conference during the ongoing IT/TI Conference and Exhibition…

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