The Hyperledger Project, a fast growing open blockchain initiative, has added eight new members; the newest members are CA Technologies, Factom Foundation, Hashed Health, Koscom, LedgerDomain, Lykke, Sovrin Foundation and Swisscom; the Hyperledger Project now has over 100 members; Hyperledger is hosted by the Linux Foundation and seeks to create standards for distributed ledger technology. Source
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The shared platform uses distributed ledger technology and focuses on domestic and cross-border commerce; the consortium of banks includes Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe Generale, UniCredit Banco Santander; you can use the platform from any connected device for managing, tracking and securing trade transactions. Source.
IBM and Maersk have completed a successful blockchain solution project for the container supply chain industry; plan to expand the solution to 10 million of the 70 million containers shipped annually; solution could provide cost savings for ship carriers of $38 billion per year. Source
The company's speech recognition technology has reported a 5.5% error rate in speech recognition, breaking the previous speech recognition error rate of 5.9% set by Microsoft in October 2016; the current error rate for speech recognition falls just above the newly reported human error rate of 5.1%; the speech recognition error rate continues to be a focus area as speech recognition technology becomes more broadly utilized in consumer electronics and the internet of things. Source
IBM is now moving into banking compliance, by purchasing Promontory Financial Group they hope they can use the compliance company's expertise to teach Watson about banking compliance; "Part of why we bought Promontory was, these systems (meaning Watson), they do have to be trained," explained IBM CEO Ginni Rometty; IBM believes artificial intelligence can help across the banking industry and ease the burden on specific firms. Source
IBM announced the launch of financial modeling investment app tools with cognitive programming for developers; the development is part of the firm's new IBM Cloud for Financial Services unit; with the announcement, IBM appears to be taking a lead role in supporting investment app development and is also integrating Watson and other cognitive programming. Source
At IBM's InterConnect conference this week in Las Vegas the company discussed its plans for cloud, artificial intelligence and blockchain, three areas that it will be increasingly focusing on for the future; the IBM Cloud will be the base of the growth strategy with artificial intelligence and blockchain driving a full range of capabilities. Source
IBM has joined the non-profit Sovrin Foundation which is looking to build a global decentralized identity system with blockchain technology; IBM will be a founding steward of the foundation and will be providing hardware, security and network capacity to further their cause. Source
The blockchain sector is beginning to gain some promising traction and Big...
The two firms have built the Yijian Blockchain Technology Application System; the platform seeks to increase transparency of pharmaceutical supply chain networks by tracking the flow of drugs, encrypting trading records and more easily authenticating transactions; overall it is expected to increase payments efficiency and reduce the payments timing for pharmaceutical retailers; the Yijian System is still in a pilot phase and expects to expand in July. Source