Lucas Mearian

About the Author Lucas Mearian


FinTech builds on blockchain for international mobile payments

IBM has partnered with a Polynesian payments system provider and an open-source FinTech payment network to implement a new international exchange based on a blockchain electronic ledger.

The new payment network uses IBM’s Blockchain Platform, a cloud service, to enable the electronic exchange of 12 different currencies across Pacific Islands as well as Australia, New Zealand and the United Kingdom.

KlickEx Group, a United Nations-funded, Pacific-region financial services company, and Stellar.org, a nonprofit organization that supports an open-source blockchain network for financial services, are backing the new cross-border payments service.

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More enterprises are building their own custom mobile apps

Companies are jumping on the mobile app development train as a way to improve business.

The number of enterprises now building custom mobile apps — many of them simple apps designed to handle business processes — rose significantly in 2016, according to Gartner’s annual study of mobile app development platforms.

In 2015, about 60% of organizations were engaged in mobile app development. Last year, that number jumped to about 73%, according to the study, which also evaluated 35 mobile app development platform (MADP) vendors for this year’s “Magic Quadrant.”

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4 ways blockchain is the new business collaboration tool

While blockchain may have cut its teeth on the cryptocurrency Bitcoin, the distributed electronic ledger technology is quickly making inroads across a variety of industries.

That’s mainly because of its innate security and its potential for improving systems  operations all while reducing costs and creating new revenue streams.

David Schatsky, a managing director at consultancy Deloitte LLP, believes blockchain’s diversity speaks to its versatility in addressing business needs, but “the impact that blockchain will have on businesses in various industries is not yet fully understood.”

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