Other

13/03/19 07:16 UTC-4

IBM together with Shuttle Holdings launches a cryptographic service

IBM collaborates with Shuttle Holdings to launch crypto-technology
IBM collaborates with Shuttle Holdings to launch crypto-technology

IBM technical giant will soon enter cryptocurrency space. Through its partner, Shuttle Holdings investment firm, it will offer custodial services to various institutions.

IBM is increasingly gaining a presence in the blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
industry through its World Wire international money-transfer system, which uses the Stellar blockchain (XLM). Other projects may result from this partnership.

Interesting in the section: Universal opportunities of Stellar Lumens

 

Shuttle Holdings solution

The private IBM system and encryption technology will be the basis of the new Shuttle Holdings custodial solution. The tools will be launched in beta later this month.

Brad Chun, Shuttle's Chief Investment Officer, said that the storage solution will have significant differences from other recent proposals at the institutional level: "There are always trade-offs between safety and efficiency, but we don’t use traditional storage. Instead, we store keys in encrypted form on several levels so that the organization can store backups using existing disaster recovery and backup processes." Adding: "All businesses can start storing digital assets, not just cryptocurrency."

Interesting in the section: Holo Token (HOT) – an unconventional solution for storing information

IBM together with Shuttle Holdings launch crypto-technology. Fidelity, the leading professional foundation, should also soon launch a custody decision for the founders. This service, created by a recognized financial player, has become a turning point for the industry.

Editor: Jerg Wos

See also: "A new lottery game is up on Bitcoin Cash (BCH) network, called the Nakamoto Game"

#IBM #cryptocryptocurrencyservice #blockchain #ShuttleHoldings

Comments

Similar

17/05/19 03:00 UTC-4

#DropGold Bitcoin movement is now on American TV channels

​On May 16, it was reported that the popular American TV channels, National Geographic and Fox News, will broadcast a video ad for the DropGold movement. As it became known, the project was financed by Grayscale Investments and Barry Silbert.

03/05/19 06:00 UTC-4

Vitalik Buterin: Ethereum for people!

​On May 3rd, the Ethereum cryptocurrency developer stated that Ethereum coins are intended primarily for ordinary people. According to Vitalik Buterin, cryptocurrencies should become easier and more reliable.

Cryptocurrency
Exchanges
Mining
ICO, ІРО, STO
Hypes, funds, fiat money
Other