IBM Developing Blockchain Without Bitcoin for Record-Keeping and Smart Contracts



IBM is developing its own version of the blockchain technology and plans to release open-source software within the next few months, The Wall Street Journal reports. The new platform would operate without a native currency like bitcoin and be used to keep track of B2B – business to business, bank to bank, and bank to business – transactions and enforce smart contracts.

The new IBM software platform will permit creating digital contracts that – like bitcoin transactions – would be recorded publicly and securely on a worldwide computer network.

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“Blockchain, as a technology, is extremely interesting and intriguing,” said Arvind Krishna, senior vice president and director of IBM Research.

Read more ... source: TheBitcoinNews