Crypto

IBM Unveils its Rapid Supplier Connect Blockchain Venture

The quest to use blockchain technology during the coronavirus crisis is far from over. IBM is currently in the process of bridging the gap between buyers and supplies of medical supplies.

The coronavirus crisis has highlighted many inefficiencies across supply chains globally.

IBM’s Blockchain Effort for the Coronavirus

Addressing those problems will not come easy, although it most certainly can be done. 

IBM Is firmly convinced that  blockchain technology is the plausible solution moving forward. 

Through its Rapid Supplier Connect

venture, an important step has been taken. 

It is a solution to address the needs of buyers and suppliers during the coronavirus

crisis.

Related Post

For now, this new network is free to sue for any company aiding in coronavirus efforts across the US and Canada.

What will happen after that grace period is over, remains to be determined at this stage. 

Speeding up the process of vetting and onboarding suppliers of medical products and services is crucial during this stage of the coronavirus crisis.

IBM is one of the first major technology firms releasing its commercialized blockchain project in this regard.

Considering how dozens of other use cases for blockchain are being explored, things can get very interesting in the coming weeks and months.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Why These Are the Top New Meme Coins to Buy This Weekend: BTFD Coin Raises the Bar With Big50, Bonk Rising Steadily, Dogwifhat in the Green

Back in the economic slump of 1973, some savvy investors took a bold approach—buying the…

2 hours ago

Surprise Hit: DEBO Joins the Ranks of the Best Crypto to Buy Now for Explosive Gains!

As 2025 kicks off, the crypto presale market is buzzing with new meme coins ready…

4 hours ago

Best Crypto Presale: Top 7 Coin Presales Set to Deliver Massive Gains as 2025 Kicks Off

Can you overlook the most successful crypto presales of the year that can potentially transform…

4 hours ago

Institutional Investor Accumulates $AI16Z, Reaps Over $6.99 Million In Profits

Over the past month, a prominent institutional investor, often referred to as "smart money," has…

6 hours ago

Ethereum Whales Dominate Supply As Key Price Levels Shape Market Outlook

A new analysis reveals a staggering concentration of Ethereum holdings, with just 104 whale addresses…

6 hours ago

Altcoins Rally Amid Bitcoin’s Decline, Accumulation Remains Strong

Tuesday saw a significant breakout in the altcoin market, even as Bitcoin briefly dipped to…

6 hours ago