IBM’s Latest Project Could Be Huge for Bitcoin
IBM Sees Potential in Bitcoin
If you doubt bitcoin’s chances of success, this new technology could convince you otherwise.
Indeed, the technology has such potential that computer giant International Business Machines Corp. (NYSE:IBM) has just endorsed its creator, Blockchain Ltd. Blockchain’s technology purports to ensure transparency and security for bitcoin users.
IBM is setting a new standard for Blockchain software. Blockchain gives IBM stock a jolt of innovation that will help both the technology and IBM stock move toward take-off.
Blockchain is closely related to bitcoin, a cryptocurrency. Bitcoin is issued through a peer-based exchange system, devoid of any centralized control. Inventor Satoshi Nakamoto explained the basis in 2009. He suggested that in a bitcoin economy, there is no need to trust a person, company, body, regulator, or government; you just trust the algorithm.
IBM has just become the biggest backer of one of the technological pillars of bitcoin. IBM will begin testing its own variation of the software known as Blockchain. Its first target market involves customers who lease IBM’s computer hardware.
http://www.profitconfidential.com/forex/bitcoin-ibms-latest-project-could-be-huge-for-bitcoin/
