A lot of things went wrong with IBM’s Q3 earnings report, ultimately slashing 6% from the stock in the past two days. The one thing that went right, however, was Red Hat, Big Blue’s blockbuster $34 billion cloud-focused acquisition that closed over the summer. IBM’s legacy business, meanwhile, is a stumbling block, as evidenced by … Read more
Next week kicks off earnings season for the financial sector as bank stocks start to report. The banking industry is seen as a bright spot this earnings season, with analysts predicting that it will be one of four sectors to eek out earnings growth. An S&P Global Market Intelligence poll showed that analysts are expecting … Read more
Dow futures fell on Thursday as corporate earnings continue to disappoint Wall Street. Even with expectations at 13-year lows, blue-chip US companies are failing to hit the mark. IBM was the biggest drag on the Dow Jones Industrial Average on Thursday, falling 1 percent in pre-market trading. The tech company reporting year-on-year revenue losses. Poor … Read more
IBM’s Jesse Lund, who heads the blockchain division, claims IBM is the leader in blockchain technology. In a recent interview, Lund stated: What IBM’s been doing as the leader in blockchain technology for the last three years is adding security and confidence to the system. IBM And Stellar Partnership Challenge xRapid Lund talks about IBM’s … Read more
South Korean battery maker LG Chem, tech giant IBM, auto manufacturer Ford Motor and others have partnered in a blockchain project aimed at infusing transparency in the global mineral supply chain, impacting batteries used in smartphones and electric vehiceles. Specifically, the project will track cobalt mined in the Democratic Republic Congo. Cobalt is used in … Read more
Automotive giant Ford has entered a partnership with IBM, Huayou Cobalt, and LG Chem to build a blockchain platform to monitor the supply of cobalt from the Democratic Republic of Congo as part of an attempt to ensure that child labor does not make up any part of its supply chain. Ford & IBM Partner … Read more
Microsoft’s Blockchain-as-a-Service (Baas) platform has taken the top spot in a ranking compiled by market foresight advisory firm ABI Research. Per the report, Microsoft managed to beat competitors in the ranking owing to the advantage it has on the actual implementation front where a wide range of platform services are offered. It also helped that … Read more
The use cases for distributed ledger technology are on the rise, as evidenced by IBM’s most recent patent application for open scientific research on the blockchain. The tech giant envisions a system in which a blockchain represents an experiment with individual blocks comprised of project components including research data, data analysis and results as well as … Read more
Tech giant IBM and forex settlement provider CLS are collaborating in testing a platform known as LedgerConnect that will make it possible for banks, software vendors, and fintech firms to deploy, share, and consume blockchain-based software. The platform was developed by IBM in partnership with Hyperledger. Banking giants Barclays and Citi are among two of … Read more
The National University of Singapore (NUS), the country’s largest university by curriculum offered and student enrollment, is collaborating with IBM to develop educational modules on blockchain technology. Come January 2018, students at the National University of Singapore’s School of Computing can expect to be trained on financial technologies with a focus on blockchain and distributed … Read more