IBM is in the crypto news again for filing a patent application after evidencing that the use cases for distributed ledger technology are constantly growing.
The goal of this tech giant is to create a system in which the blockchain will represent a form of the experiment consisted of individual blocks that will contain the research data, results, and analysis. Also, the blocks will contain all the post-data analysis with an option to review the effect of the modifications.
IBM filed the patent application with the United States Patent and Trademark Office right before 2017 ended but also when IBM filed a blockchain patent with augmented reality and focused on gaming.
The decision is a result of the lack of transparency for data collection according to the scientific research community and blockchain seems to be the cure for this disease. The blockchain might also solve problems related to information protection and unauthorized modifications as well.
What is most interesting is that IBM is not the only company that wants to bring changes in this sector. However, other companies delivered ideas that fell short in addressing what the most important elements are surrounding the privacy, confidentiality, and accessibility. On the contrary of the many solutions provided, IBM’s solution focuses on a nimble computing environment for conducting experiments on the blockchain.
The company describes a ‘’first block of research data and the second block of analysis data’’ all that representing an analysis performed on the research data. In general, the technology wants to accelerate the scientific research process by allowing researches to use more tools to help them analyze and make conclusions which will lead to a more efficient and successful experiment or research.
Ripple And MoneyGram Join Forces: $50M Investment On The Way
“Through Ripple’s xRapid product, we will have the ability to instantly settle funds from U.S. dollars to destination currencies on a 24/7 basis, which has the potential to revolutionize our operations and dramatically streamline our global liquidity management.”As the website shows, MoneyGram is the second largest payments firm in the world. The coming altcoin news and its partnership with Ripple will also help the blockchain firm to gain presence in more than 200 countries (where MoneyGram actively operates). Much of the company's business lies in the remittances market, which value is estimated at around $600 billion. The CEO of Ripple, Brad Garlinghouse, also shared his excitement about the new Ripple and MoneyGram partnership, stating:
“This strategic partnership will enable MoneyGram to greatly improve its operations and enable millions of people around the world to benefit from its improved efficiency. This is a huge milestone in helping to transform cross-border payments and I look forward to a long-term, very strategic partnership between our companies."Payment processing and sending money globally through the blockchain are definitely something that can be improved with this new partnership. By joining Ripple's growing and global network, financial institutions can process their customers' payments anywhere in the world instantly, reliably as well as cost-effectively.
Europol Aims To Improve Blockchain And Crypto Knowledge
“Participants reflected on the legitimate use of blockchain technologies, including the use of cryptocurrencies for trading and investment activities, payment method and as a store of value.”As noted in the coming altcoin news, blockchain technology spiked the interest in business leaders and governments around the world. There will be a part of every business in the future consisted of blockchain since already some major companies such as Amazon, Google and Microsoft are all into the technology.
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