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

Bitwise Launches Its First Tokenized Fund With $259M in Assets and 4% Annual Yield

Bitwise Asset Management has just made its first move into tokenized funds, and it comes…

10 hours ago

Binance Launches US Stocks and ETFs Trading for Non-US Users With Zero Commission

Binance just made a move that blurs the line between crypto exchange and traditional brokerage…

11 hours ago

NEAR Protocol Ships Confidential Payments, Crosses $19B in Intents Volume, and Partners With Bermuda Government

NEAR Protocol has had a month that most blockchain projects would stretch across an entire…

1 day ago

Chainlink Records 7 New Integrations Across 6 Services and 4 Chains

Something is becoming increasingly clear about Chainlink, the integrations are not slowing down. The protocol…

1 day ago

Circle Freezes $12.6 Million in Zama’s Confidential USDC Contract on Ethereum

Blockchain investigator ZachXBT has flagged a major stablecoin freeze that is sending shockwaves through the…

2 days ago

Exponent Finance Launches V2 To Expand Institutional Yield Markets On Solana

From a primarily interest rate swap niche product, Exponent has developed into an onchain capital…

3 days ago