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You are here: Home / Business / IBM’s Blockchain Platform Selected By European Companies For Tracking Services

IBM’s Blockchain Platform Selected By European Companies For Tracking Services

November 15, 2018 ibtimes Leave a Comment

Nov 15, 4:42 AM EST Newsletter Signup Business Technology World National Media & Culture Opinion Sports Luxury Business By Ranjitha Shastry 11/15/18 AT 4:11 AM IBM announced Wednesday a number of European entities, including Spanish telecom operator Telefonica), Finnish retail cooperative S-Group and the Central Bank of Azerbaijan, were partnering with the technology company to integrate blockchain into their work processes. “The hallmark of IBM’s blockchain business has been the ability to convene broad groups of network participants to embrace a collaborative platform approach to blockchain adoption. Clients are capitalizing on the opportunity for greater trust and transparency using blockchain across a variety of industries, for example to better manage the reconciliation of international mobile phone roaming charges, securing digital identity for citizens, and complying with new European banking directives on customer communications,” read the announcement from IBM. Telefonica plans to use the IBM blockchain platform for tracking international calls and related data, such as origin, destination, and duration. S-Group is working to improve customer experience with the use of blockchain, by allowing customers in Finland to trace perch freshwater fish sold in stores back to its home waters using the QR Code on the packaging or by logging in to a tracking website. The Central Bank of the Republic of Azerbaijan collaborated with IBM to develop a digital identification system, which would be based on hyperledger fabric — a framework to validate the reliability of the documents related to individuals and legal entities for use with banks or credit providers…. [Read full story]




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