IBM's New Blockchain Bet Targets Next Wave of Financial Services
- Forms experimental team with Japan bourse operator, JPX
- Blockchain adoption could speed up financial transactions
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Big Blue is betting big on blockchain.
Working with Japan Exchange Group Inc., International Business Machines Corp. next month will start testing the distributed ledger technology that underpins bitcoin. Blockchain simplifies global finance by creating a transparent and permanent record of transactions. The joint venture with the Japanese bourse operator could help IBM position itself as a force in the next generation of financial services.