Recently, IBM has demonstrated interest in blockchain technology. It is one of the many establishments that is exploring the power of the blockchain in recent time. Columbia University and IBM have decided to launch two blockchain accelerator programs for startups that will help them innovate at scale. This is according to the news released by IBM yesterday.
Both programs will be part of the Columbia-IBM Center for Data Transparency and Blockchain. This is a joint innovation center that was established by IBM and Columbia University this summer. The news stated that each of the two programs will render assistance to up to ten startups, offer these startups technical support, business mentors, and access to the Columbia student research community. They will also have access to IBM cloud technology resources and design assistance.
The aim of this collaboration is to give network creators the power they need to make ideas into scalable, sustainable blockchain-based enterprises. This will lead to adoption of blockchain technology and promote business efficiencies across various industries”.
The Blockchain Launch Accelerator is going to take place in New York City. It has been designed to support Columbia-affiliated idea-stage pre-seed companies. However, companies that are affiliated with other New York City based schools are also welcome to join the program. The first program will last for eight weeks.
The second one is also an eight week program that has been titled IBM Blockchain Accelerator. Rather than pre-seed companies, this one targets older companies on a global scale. The idea is to help participants establish a strong client base and business network for their blockchain integration. It would be an in-person program hosted in San Francisco and New York.
Combining virtual programming and blockchain technology, the program will give participants more time to devote to the scaling efforts of their business. Startups that are participating in the programs will be given about $400,000 worth of services and technology. Both programs will not require any charge of equity from participants.
Blockchain Technology And Universities
Earlier this year, another New York based school (NYU) became the first United States school to have a department devoted to blockchain technology. These aren’t the only universities that are beginning to recognize blockchain technology. Many other highly ranked schools around the world have shown interest in the technology by offering blockchain or cryptocurrency related courses.
Bitcoin (BTC) Price Today – BTC / USD
Already, IBM has a cloud blockchain platform powered by hyperledger. It has made many moves within the blockchain enterprise environment. IBM set a record as the second firm worldwide to file the highest number of patents related to blockchain technology. Alibaba is the first in this regard.
IBM is an acronym for International Business Machine corporations. It is one of the largest multinational IT companies in the United States. The company has branches in over 170 countries with its headquarters in Armonk New York. The name of the company was changed from Computing-Tabulating-Recording Company (CTR) to International Business Machines in 1924.
Not too long ago, IBM partnered with Telefónica to produce a blockchain-based system that can be used to track international calls in the telecommunications industry. These are just few of the moves the tech company has made within the blockchain space.