The «world's smallest computer,» as IBM continually refers to it, is meant to
bring blockchain capability into this; the security advantages of blockchain - based logistics and tracking could be brought to something as benign as a bottle of wine or box of cereal.
«
Blockchain capabilities have allowed us to rethink how critical information can be sourced and exchanged between global banks,» said Emma Loftus, head of global payments and foreign exchange at J.P. Morgan Treasury Services.
«Ultimately, we want to use
this blockchain capability to track anything that flows within it,» Crawford told Fortune.
Amber has been an integral part of developing
our blockchain capabilities and helped build out the BCOE and the outstanding team that we have today.
The idea was that the blockchain would be little more than the system that allows the transfer of BTC between users, and Satoshi, the creator of bitcoin, intentionally limited
the blockchains capabilities for security purposes.
A focused dialogue with the Pinsent Masons» team convinced us that in this case
the blockchain capability is properly exploited — for a start a law firm is a closed shop so the trust context is high, and the amount of computing power required is constrained.
The idea was that the blockchain would be little more than the system that allows the transfer of BTC between users, and Satoshi, the creator of bitcoin, intentionally limited
the blockchains capabilities for security purposes.
IBM is rapidly expanding
its Blockchain capabilities and actively working with companies to understand what it takes to make Blockchain ready for business.
The group, also a QUOINE investor, will build out
its blockchain capability for financial services together with QUOINE.