On June 29, 2017, IBM held a Blockchain Summit at the Intercontinental Buckhead hotel in Atlanta for executives. The speakers included Alex Tapscott, CEO and Founder of Northwest Passage Ventures, Author of Blockchain Revolution. IBM experts on blockchain technology presented, along with experts in financial services, distribution, communications + supply chain and the public sector. The conference provided the opportunity to understand what blockchain is, what it is not and see the business potential in a variety of industries.
Here are two short presentations by Jerry Cuomo, IBM Fellow, VP Blockchain Technologies.
How Blockchain will fundamentally change the way we do business
In this video, Jerry discusses what is a blockchain using use cases. He believes blockchain is and will change not only businesses, but every day life. Some people think blockchain is complicated, but Jerry says that here are three simple concepts to blockchain that we’re already familiar with – business networks, digital assets and ledgers. He provides an example of how transactions occur now and how they occur with a blockchain.
IBM Blockchain Business Models
In this video Jerry discusses key business models that blockchain can help innovate and the industries that surround them. IBM is founders of blockchain networks such as IBM Global Finance Global Network, partnered with Walmart and Maersk.
He provides a couple of examples of IBM blockchains. One, which is the oldest (a year old), is the
- IBM Global Financing: Dispute Resolution. IBM had a lesson learned which is dream big and act incrementally.
- Everledger to legitimize diamonds and reduce fraud.
- Walmart food traceability in China
- Maersk cross border supply chain
- SECUREKEY identity attribute verification network
Read “Blockchain Roundup – A guide to ILTA & Non-ILTA Blockchain content” to see more blockchain related content.
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