Leading European companies select IBM blockchain to drive innovation

Leading European companies select IBM blockchain to drive innovation

Baku, Azerbaijan, Nov. 15

Trend:

IBM announced work underway with leading European companies to continue to innovate with blockchain, progressing projects from proof of concept to production environments.

The attributes of blockchain technology are ideally suited to large networks of disparate partners. A distributed ledger technology, blockchain establishes a shared, immutable record of all the transactions that take place within a network and then enables permissioned parties access to trusted data in real time. By applying the technology to a variety of business processes, a new form of command and consent can be introduced into the flow of information, empowering multiple partners to collaborate and establishing a single shared view of a transaction without compromising details, privacy or confidentiality.

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 capitalising 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.

With more than 500 blockchain projects globally, IBM is engaged across all industries, where European projects in particular are on the rise, where, according to IDC, "blockchain spending in Europe is now growing faster than anywhere else."

"From large enterprises to start-ups, across multiple industries, businesses across Europe are selecting IBM Blockchain," said Andrew Darley, IBM Blockchain Platform Leader, Europe. "Clients are attracted by the production-readiness of the IBM Blockchain Platform, allowing them to run highly secure networks in any environment of their choosing, on premise, via IBM Cloud, or an increasing number of other industry cloud providers."

European clients are continuing to work with IBM to drive blockchain innovation in their industries:

Telefónica and IBM are collaborating in the development of a proof of concept (PoC) based on IBM blockchain technology to help solve one of the major challenges of communications service providers, the management of international mobile phone call traffic. The project helps to resolve the veracity and traceability of information generated by different service providers when they route an international call. Using a decentralized network that provides participating members secure access, fraudulent behaviors and discrepancies between the information recorded by each provider are significantly reduced.

The Central Bank of the Republic of Azerbaijan and IBM are developing a Digital Identification System based on Hyperledger Fabric, A Linux Foundation framework, to verify the reliability of the documents related to both individuals and legal entities for use with banks, credit providers and similar organizations. The new system will simplify and automate the "Know Your Customer" validation process, and will be used by both clients and credit organizations serving citizens of Azerbaijan.

Finnish retail cooperative S-Group is testing their Pike-perch radar solution, which is based on IBM Blockchain technology, as part of the retail group's strategy to improve customer experience. Customers in Finland can trace a fillet of pike or perch freshwater fish back to its home waters using the QR Code on the package of "Kotimaista-kuhafile" fish, or by logging in to a tracking website.

PKO Bank Polski has implemented a blockchain-based "durable medium" platform built together with KIR (Krajowa Izba Rozliczeniowa S.A. - Polish automated clearing house) in partnership with IBM and Accenture, to help the bank achieve compliance with the European Union Payment Services Directive related to customer communication. Now the client documents and communications sent digitally to more than 5 million customers of the bank will be held in a highly secure blockchain-based repository.

The Central Securities Depository of Poland (Krajowy Depozyt Papierow Wartosciowych, KDPW) has implemented their eVoting solution, designed to encourage greater retail shareholder participation in company Annual General Meetings (AGM), and ensure transparency to regulators on the history of AGM agendas, and voting results. The network is in production.

Startup software developer Comgo.io, with support from IBM, is digitizing the entire donation and spend process for Non-Governmental Organizations (NGOs) using Hyperledger Fabric. NGO donors can see in real time what money has already been spent and the activities supported. For example, when charity workers in Indiapurchase hygiene products for the street children they support, the payment is tracked on a mobile phone, and written to the blockchain, allowing approved network participants to see the transactions, and triggering the NGO responsible to verify that the children did actually receive the products. The application enhances transparency to build a deeper connection between the donors and the charity, and helps donors to understand more about the work of the NGO. Comgo.io is implementing the application with 7 NGOs: Fundación Recover; Orden de Malta; Fundación Exit; Farmacéuticos sin Fronteras; KUBUKA; Itwillbe, and homelessentrepreneur.

Much of the momentum can be attributed to the ease of use of the IBM Blockchain Platform and the open nature of the Linux Foundation's Hyperledger Fabric blockchain framework, underscored by IBM's deep blockchain and industry expertise.

Services and developer resources throughout Europe help support clients through IBM Client Centres and Blockchain Garages in London and Böblingen; IBM Client Innovation Centres in Paris, Nice and Gronningen; an Industry Solution Centre in Montpellier; IBM Food Trust network cloud center in Frankfurt. IBM Research centres

in Zurich and Dublin focus on cryptography, innovations in AI and optical imaging to help prove the identity and authenticity of objects, detect anomalies and support preventative maintenance in industrial environments. At the Watson IoT Center in Munich clients are engaged on projects to explore the convergence of IoT and blockchain, and how clients can automate business processes, gain competitive advantage, and create new business models, by embedding end point and sensor data into blockchain networks to trigger smart contracts.

Clients can also benefit from the availability of IBM Blockchain Starter Plan on IBM Cloud, starting from approximately €500 a month. This is helping developers, startups and enterprises build blockchain proofs-of-concept quickly and affordably with an end-to-end blockchain development experience, a secure test environment, suite of education tools and modules and one-click network provisioning.

IBM Blockchain Platform was named "Best Blockchain Platform" by Juniper Research in their Future Digital Awards.

About IBM Blockchain

IBM is recognized as the leading enterprise blockchain provider. The company's research, technical and business experts have broken barriers in transaction processing speeds, developed the most advanced cryptography to secure transactions, and are contributing millions of lines of open source code to advance blockchain for businesses. IBM is the leader in open-source blockchain solutions built for the enterprise. Since 2016, IBM has worked with hundreds of clients across financial services, supply chain, government, retail, digital rights management and healthcare to implement blockchain applications, and operates a number of networks running live and in production. The cloud-based IBM Blockchain Platform delivers the end-to-end capabilities that clients need to quickly activate and successfully develop, operate, govern and secure their own business networks. IBM is an early member of Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies. For more information about IBM Blockchain, visit https://www.ibm.com/blockchain/ or follow us on Twitter at @ibmblockchain.

Extraordinary Summit of Turkic Council to be held through videoconferencing on Azerbaijani president’s initiative
Extraordinary Summit of Turkic Council to be held through videoconferencing on Azerbaijani president’s initiative
Azerbaijani President allocates 97 million manat to scale up COVID-19 response
Azerbaijani President allocates 97 million manat to scale up COVID-19 response
OSCE PA says so-called "elections" in Azerbaijan's occupied Karabakh region illegitimate (UPDATE)
OSCE PA says so-called "elections" in Azerbaijan's occupied Karabakh region illegitimate (UPDATE)
Loading Bars
Latest
Libya reports 3 new COVID-19 cases, 24 in total
British PM moved from intensive care after continued improvement
Egypt reports 139 new coronavirus cases, 15 deaths
Italy reports over 600 deaths from COVID-19 in past 24 hours
Saudi, Russia closing in on record oil cut deal
Heydar Aliyev Center supports Russia amid COVID-19 outbreak (VIDEO)
Extraordinary Summit of Turkic Council to be held through videoconferencing on Azerbaijani president’s initiative
Number of Facebook users increases in Azerbaijan
Azerbaijan discloses data on insurers’ financial results as of 2019
Azerbaijani company talks about construction of new storage facility in Baku
Ministers of OPEC and non-OPEC countries negotiating via videoconference
Azerbaijan's dairy company talks development of new production line
Georgia increases import of cement from Turkey
Azerbaijan’s Khirdalan brick plant reveals production volumes for 2020
Sugar price stays stable at Georgian sugar importer company
Demand for Azerbaijani Central Bank's notes exceeds supply
Kazakhstan's GDP to decrease due to external demand for crude, manufactured goods fall
Number of mortgage loans issued via state line increases in Azerbaijan
Turkey's steel export to Turkmenistan increases
Kazakhstan's YDD Corporation to increase ferrosilicon production
Georgian Rustavi Metallurgical Plant continues full-scale production
Israel increases import of steel from Turkey
Turkey increases export of steel to China
Iran's revenues affected by coronavirus spread
Kazakhstan increases import of steel from Turkey
WHO head thanks Georgian PM for message to health workers
Iran reduces import of steel from Turkey
Turkey increases export of cement to Azerbaijan
Azerbaijani poultry factory talks about problems
Azercell brings you the world’s most watched TV channels via NNTV application!
Agriculture goods prices increase in Kazakhstan
WB forecasts steady economic growth in Azerbaijan in 2021-2022
Georgia to support small, medium businesses suffering losses
Azerbaijani Azexport portal talks innovative solutions
Turkmen-Turkish Joint-Stock Commercial Bank offers loans to private sector of Turkmenistan
Georgian PM: country’s economic growth expected to decline significantly
Turkish company not allowed to conduct oil, gas exploration in province
Will coronavirus cause crop shortage in Azerbaijan?
Wages of workers increase in Iran
Azerbaijani President allocates 97 million manat to scale up COVID-19 response
UK retailer Debenhams enters administration again
Canada says coronavirus death toll could be between 11,000 and 22,000
Agsaray Residence construction company talks work in Baku White City
OSCE PA says so-called "elections" in Azerbaijan's occupied Karabakh region illegitimate
Restrictions in Germany are flattening virus curve - minister
Commissioning works carried out at Turkmenistan’s Malay gas field
Speed of internet increases in Tashkent thanks to Uzbektelecom
Singapore reports 287 new coronavirus cases in biggest daily jump
Uzbekistan starts to accept proposals from entrepreneurs to support country's economy
Car sales in Georgia fall sharply
Drillers will see cancellation in contract volumes in 2020-21
Azerbaijani construction company reveals timing of commissioning large facility in Baku
Azerbaijani minister: 400 million manat allocated to support social welfare
Georgian PM: emergency regime measures may be tightened
Russia’s Siemens Transformers to supply power transformers to Azerbaijan
US oil & gas industry M&A deals down in value
Azerbaijan confirms 104 new COVID-19 cases, 38 recover, 1 dies
Azerbaijanis who returned from abroad thank President Ilham Aliyev
Turkmenistan, Russia agree to expand major oil well repairs
SOCAR Turkey aims to expand digital transformation in Petkim to other group companies (INTERVIEW)
PM: Implementation of Azerbaijan's transit potential - most important condition for economic diversification
Parliamentary committee chairman: 2019 - memorable year for Azerbaijan’s foreign policy success
Turkey - China trade turnover up
Expert: Russia, Saudi Arabia cannot allow oil prices to remain at current level
Indonesia reports biggest jump in coronavirus deaths as Malaysia trend improves
MP: 2019 marked by profound reforms in Azerbaijan
Germany's coronavirus cases rise by 4,974, deaths by 246
Oil prices rise on hopes OPEC+ will agree supply cuts
Uzbekistan plans to improve the efficiency of its oil and gas industry
Kazakh-German oil extracting JV to buy spare parts via tender
Epsilon continues to increase gas production of Uzbekistan
International organizations discuss substantial financial relief package to help Georgia
Iran's loan application to MFA to be proceeded
Maintenance at Kazakhstan's Tengiz field posponed
EBRD, ADB to support Georgian economy amid coronavirus crisis
Irish coronavirus adjusted unemployment rate soars to 16.5%
Trading at Uzbek Commodity Exchange decreases
AGAH Group company talks construction progress of new plant in Azerbaijani district
Azerbaijani ministry purchases cars via contract
Kazakhstan launches frozen meat export to UAE
Iranian President talks priorities in agriculture sector
Rosneft believes OPEC+ output cut of 10 million bpd would rebalance markets
Iran's supreme leader on COVID-19: This is a test for both people and governments
SOCAR Energy Ukraine wins Ukrainian Defense Ministry’s tender
Volume of wheat to be harvested in Iran's Kerman province announced
Imports of mobile phones to Iran decline due to coronavirus
Turkmenistan, World Bank discuss cooperation prospects
Azerbaijan's leading PASHA Insurance company discloses financial results
Kazakhstan's oil and gas company to buy pipes, spare parts via tender
Iran presents estimate of its budget deficit
70th Foundation Day of ICCR on 9 April 2020
Death toll from coronavirus continues to grow in Iran
Euronews shows video footage on solidarity of Azerbaijan’s Heydar Aliyev Center with coronavirus-affected countries (VIDEO)
WB projects slow GDP growth in Georgia due to impact of COVID-19
Azerbaijani parliament adopts government’s report
Number of enterprises to be commissioned in Iran's Ardabil province announced
Central Asia Metals PLC talks 1Q2020 copper extraction results in Kazakhstan
Azerbaijani oil price drops
Chinese company provides humanitarian aid to Uzbekistan
ADB to help Georgia build path to economic stability and growth
All news