Stellar Blockchain Adoption Takes Further Innovation
IBM has become looking for an Offering Manager under its Blockchain Financial Service Solutions department to worth using the Stellar Ledger.
Author:James PierceReviewer:Alberto ThompsonFeb 17, 20219.2K Shares767.8K Views
IBM has become a U.S. tech, storage, and cloud-based business looking for an Offering Manager to use the Stellar Ledger under its Blockchain Financial Service Solutions department.
The firm arranged what is expected of the new team member, according to the latest LinkedIn article, saying:
"This role will help in providing Offering Management expertise in allowing IBM Blockchain Financial Solutions clients, that do cross border payments, to avail themselves of the transformational approach to initiate their debts. The Stellar blockchain ledger can be used as the system of record for settlement of monetary transactions between counter-parties around the World Wire network”
So this is obviously an outstanding move in the right direction after the launch of the Blockchain World Wire by the company. For those who do not know, World Wire, along with the international payment network, SWIFT, is essentially a competitor to xRapid. The blockchain-based payment scheme, as IBM states, would totally change the concept of money as well as instant settlements. In addition to this, it’ll leverage Stellar’s native cryptocurrency, XLM.
With the integration of XLM world wire, banking institutions could "clear and settle cross-border payments in seconds" in addition to companies attached to the World Wire. With this, transaction participants will find the end of organizations and cut transaction costs, minimize transaction costs while simultaneously raising performance. All that needs to be done to agree with facilitating currency stablecoin or digital asset which provides a link for currency conversion.
On the IBM website, it states: "With IBM Blockchain World Wire, clearing and settlement with finality occur in near real-time. The solution uses digital assets to stay transactions — becoming an agreed-upon store of worth exchanged between parties — in addition to integrating payment instruction messages. It all means funds are now able to transfer in a fraction from the cost and duration of traditional correspondent banking.”
Further Innovation
As is likely to happen, IBM is on its way to regulating and engaging in technical advances that are rapidly changing. It doesn't come as a surprise that the megalith is prepared to fight and clip SWIFT's market share by hyping up their human capital in the way they put it, a "philanthropic mission to serve the requirements of unbanked individuals in developing countries."
As reported by EWN, the continuous adaptation, transition and innovation will ultimately play out for their advantage because it syncs well exactly what the IBM CEO, Ginni Rometty said in 2015:
“Digital may be the wires, but digital intelligence, or artificial intelligence as many people call it, is all about much more than that. This next decade is all about how you combine those and turns them into a cognitive business. It’s the dawn of the new era.”
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James Pierce
Author
James Pierce, a Finance and Crypto expert, brings over 15 years of experience to his writing. With a Master's degree in Finance from Harvard University, James's insightful articles and research papers have earned him recognition in the industry.
His expertise spans financial markets and digital currencies, making him a trusted source for analysis and commentary. James seamlessly integrates his passion for travel into his work, providing readers with a unique perspective on global finance and the digital economy.
Outside of writing, James enjoys photography, hiking, and exploring local cuisines during his travels.
Alberto Thompson
Reviewer
Alberto Thompson is an acclaimed journalist, sports enthusiast, and economics aficionado renowned for his expertise and trustworthiness. Holding a Bachelor's degree in Journalism and Economics from Columbia University, Alberto brings over 15 years of media experience to his work, delivering insights that are both deep and accurate.
Outside of his professional pursuits, Alberto enjoys exploring the outdoors, indulging in sports, and immersing himself in literature. His dedication to providing informed perspectives and fostering meaningful discourse underscores his passion for journalism, sports, and economics. Alberto Thompson continues to make a significant impact in these fields, leaving an indelible mark through his commitment and expertise.
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