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IBM has built-in trustworthy blockchain relationships with most of the large MNC banks, when a better transformation is needed by decades old industry, IBM recognized the need and announced the partnership with Stellar, which happened to be the IBM’s new overseas payment solution for clients.
IBM is presently deployed by more than 90% of the top 100 banks in the world and are well-established for those banks to transition from 50-year-old technology to capitalizing on the IBM/Stellar/Stronghold USD solutions. We witnessed IBM and Stellar both together took firm's decisions towards developing solutions to address the apprehensions of SWIFT mechanism.
The leading US-based IT giant has now entered into joint-venture pact with the data storage firm to facilitate hard drive information on the blockchain platform to combat the counterfeit market.
Well, it has made an announcement about a partnership with Seagate, for rendering data storage services through a blockchain-powered system that likely to assist recognize counterfeit hard drives.
The development which was reported by ZDNet will help Seagate in traceability and authentication of hard drives.
The alliance between IBM’s existing blockchain expertise and the security technology from Seagate would be utilized to establish a solution of addressing the issue of counterfeiting devices.
Currency Strength Index: FxWirePro's hourly BTC spot index is inching towards -103 levels (which is bearish), hourly USD spot index was at 78 (bullish), while articulating (at 11:13 GMT). For more details on the index, please refer below weblink:
