IBM stock rises 2 percent in premarket trading after Barclays upgrades shares to overweight from underweight, citing its strategic initiatives.
“IBM could emerge as the next important cloud vendor after Amazon and Azure over time,” analyst Mark Moskowitz says.
The analyst raises his price target to $192 from $133, representing 17 percent upside from Tuesday’s close.
IBM reports earnings Thursday after the bell.
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As one of the technologies highlighted by Moskowitz, blockchain may also be an area in which IBM could capitalize. It currently has 1,500 employees assigned to developing blockchain, hoping to leverage the popular technology with Walmart to address food safety.
“Eighty-four percent of chief investment officers plan to use multiple cloud vendors and IBM’s initiatives with both blockchain and analytics could help the company become a more competitive vendor for certain cloud workloads,” Moskowitz said. “Uptake of these solutions would benefit IBM revenue and help scale the company’s cloud segment margin.”
Blockchain supply chains firm Chronicled has added Susanne Somerville and Eric Garvin to its executive team. Both are joining to support the development and delivery of Pharma solutions for Chronicled’s platform and product offerings.
Somerville and Garvin previously served as co-founders and principles of the LinkLab, a supply chain consulting practice focused on delivering solutions to meet worldwide serialization requirements. Since 2016, the LinkLab has been involved in a joint effort with Chronicled to develop new technologies to help the Pharma industry become compliant with the Drug Supply Chain Security Act (DSCSA).
Baidu, China’s search engine giant, has launched its very own blockchain-as-a-service (BaaS) offering. The new open platform intends to provide the “most user-friendly blockchain tool” to businesses.
According to the dedicated webpage, Baidu Trust is “a self-developed project based on blockchain technology.”
The platform allows “safe, efficient and low cost traceability and trading, ideal for digital currency, payment and settlement, digital ticketing, bank credit management, insurance management, financial auditing, and more,” the webpage reads.
The meteoric rise of bitcoin may be dominating headlines, but cryptocurrencies are just the tip of the blockchain iceberg.
Some say the technology’s real opportunity is in revolutionizing the way information of all kinds is stored and shared.
Vanguard Group announced Tuesday that it is looking to capitalize on this idea by using blockchain to simplify and automate the process of sharing index data. The $4.8 trillion asset manager said its blockchain—developed in partnership with the Center for Research in Security Prices (CRSP) and Symbiont, a technology company focused on institutional applications of blockchain—will enable index data to move instantly between index providers and market participants.
Warren Pennington, a principle at Vanguard’s investment management group, said this reduces tracking error of Vanguard’s index funds, eventually resulting in lower costs and improved performance for advisers and their clients.
After a successful pilot, Vanguard said it will begin automatic delivery of CRSP index data and intraday updates over its private blockchain sometime in 2018.
Developers can search pre-made chatbot projects or upload their own for rewards using the Bot Asset Exchange.
IBM has released over 120 code patterns for creating AI, blockchain, data and cloud applications alongside the launch of its first-ever enterprise Bot Asset Exchange.
IBM billed its code patterns as “roadmaps for solving complex challenges” in a range of areas including containers, IoT, API management, analytics and DevOps. The patterns are repeatable sequences of code available to developers to adapt and improve upon to suit client briefs. Customers coding business projects are also able to download files and instructions pertaining to Blockchain, VR and AI applications.
At its launch, code patterns were listed under three industry categories: finance, gaming and retail. Nevertheless, the repository offers flexible deployment models, with at least one pattern available for cloud, hybrid, offline and on premises systems.
In a bid to give patients greater control over the management of their healthcare, Nokia are looking at ways in which blockchain can make this a reality. A recent blog has highlighted the company’s ambitions to bring a multitude of advantages to patients and provide a system which is not only secure, but enable the development of a new global healthcare platform, transforming the traditional industry.
Undertaking a pilot with Finnish company OP Financial Group, Nokia will work “to explore new opportunities in the rising field of Digital Health, with the aim of giving people more control over their personal health data – how it is shared, who can access it, and how it can be used – with a focus on privacy and security offered by blockchain technologies.”
Similarly to platforms such as WhatsApp, the technology will have encryption embedded to enable enhanced security, and guarantee that the information which is being received is from an authenticated device.
Amazon Web Services (AWS) has made a number of distributed ledger technology (DLT) solutions available to its users.
The partners announced as part of the scheme are Hyperledger Sawtooth, Corda R3, PokitDok, Quorum and Samsung NexLedger. AWS’ network of users can now use these solutions to build and deploy applications in areas ranging from finance, commerce and supply chain management to healthcare and life services.
The company says:
“AWS provides the broadest and deepest capabilities and the largest global infrastructure for building end-to-end blockchain platforms, cost efficiently and at scale. APN Technology and Consulting partners offer a rapidly growing selection of blockchain and distributed ledger solutions with support for multiple protocols.”