IBM to build blockchain platform for smart contracts

Share on facebook
Share on google
Share on twitter
Share on linkedin
Time to Read: 1 minute

IBM was selected by smart contract provider Proof of Trust to build a multiplatform blockchain application for disputed resolution and smart contract validation

Smart contracts are digitally encoded agreements that are automatically executed when certain conditions are met. The automated process removes the need to intermediaries and middlemen.

IBM was chosen because of its standing in the industry as having a strong understanding of blockchain, according to a news release from Proof of Trust. Proof of Trust will leverage the IBM Blockchain Platform to adjudicate the validity of data entered into a smart contract. Proof of Trust will also be able to scale its technology.

(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.xtechalpha.com.)

Related Article  Facebook Picks 10 Indian Startups for ‘India Innovation Accelerator’ Program
Leave a Reply

SUBSCRIBE FOR XTECHALPHA NEWS AND RECEIVE WEEKLY UPDATES

Xtechalpha Xclusive

RSS Latest Technology News

  • YouTube says exclusivity deal with Activision "further demonstrates its dedication" to livestreaming January 26, 2020
    Activision Blizzard has finalised a deal that makes YouTube its "exclusive worldwide third-party provider" for livestreaming. The "multi-year strategic relationship to power new player experiences" sees Google Cloud serve as the "preferred provider for ...
    Vikki Blake
  • Review: Houdini Sportswear's Power Air Houdi January 26, 2020
    At WIRED, we often have microplastics on our minds. But in between debating whether to carry bamboo or stainless steel utensils to reduce waste or comparing the merits of different travel mugs, we often overlook an important source of microplastic waste: ...
    Adrienne So
  • LPL suspends League of Legends matches due to Coronavirus outbreak January 26, 2020
    China's League of Legends Pro League has called off their upcoming week 2 matches and expressed safety risks following the spread of the ongoing Coronavirus outbreak. The recent outbreak of the Coronavirus, which is believed to have originated in ...
    Daniel Cleary

Follow Us

IBM to build blockchain platform for smart contracts

by Minakshi Das Time to Read: <1 min
0
AI Tool to Reshape Treatment by Predicting Cell Behaviors
Get to know the latest updates on exponential technologies, new age industry segments with our weekly XTechalpha Xclusive newsletter straight in your mailbox.