IBM and Partners Rally Blockchain Use Cases
From debt issuance to tracking supply chain, IBM is at the fore of blockchain technology application.
Securitize Comes Aboard IBM Blockchain Accelerator
Securitize, a firm which tokenize businesses, enters IBM’s accelerator program to revamp the ‘$82 trillion corporate debt market’, according to CEO Carlos Domingo. This will be done by constructing a platform on debt issuance through the blockchain where Securitize hopes that inefficiencies and high fees will be diminished.
The firm, says Domingo, intends to integrate with Hyperledger to bring about debt issuance and products on the blockchain.
Reportedly, the three-month program carries with it a blockchain building workshop, consultations with IBM and other mentors, and will end with a presentation of the developed Securitize platform.
IBM Blockchain Technology for Ports
More than 70 million tons of freight traffic Algeciras, Spain annually. The city’s Port of Authority of the Bay of Algeciras (APBA) inks agreement to work with TradeLens, an IBM and Maersk-developed blockchain shipping solution.
Using TradeLens will enable APBA to relay information and other documentation to their supply chain partners. Also, value will be engendered throughout logistics participants.
TradeLens, as reported by Europa Press, ended 2018 with 20 million containers processed and 230 million shipments registered.
IBM Works on a New Blockchain for the Mining Industry
IBM and MineHub announce their team up.
‘By digitizing the supply chain,’ remarks Vince Sorace, CEO of MineHub, automation levels can be boosted, dependence on middlemen lessened, and speed of transfer from miners to buyers amplified.
The announcement cites between the supply chain and its participants lays a deficiency in transparency, thus, various difficulties arise. To counter the challenge, the collaboration will utilize blockchain technology and its capacity for the enhancement of operational effectuality in the mining industry. A ledger will map data and transactions in real-time. Those who are allowed to participate in the project will be permitted access to it.
The Peñasquito Polymetallic Mine, the fifth largest silver mine, will use the MineHub platform to manage their supply system. The mining company will give sustainability and ethical practices data which will be validated by regulators. When the materials begin transportation, each progress will be recorded by MineHub’s platform.
The global mining and metals market is currently valued at $1.8 trillion.
Firms Partners with IBM to Trace Lithium-Ion Battery Raw Materials Through the Blockchain
Lithium-ion batteries power smartphones and electric vehicles, increasing its demand and price. The Eurasian Resources Group, and LG Chem and Ford will use the IBM Blockchain Platform to track the supply chain of those batteries in an effort to foster transparency.
From the Democratic Republic of Congo comes two-thirds of global cobalt supply. Cobalt is an element used in the manufacturing of lithium-ion batteries. The endeavor will use IBM’s blockchain and their technological expertise to follow cobalt from extraction until production. The technology will reportedly minimize the cost of the supply chain.
IBM states that in Congo’s mining industry, ‘environmental and social risks are a reality.’ With this said, the aim of the project is to preserve the environment and promote human rights.
Image credit: Unsplash