Category Archive: artificial intelligence

Siemens Blockchain project for artificial intelligence

A few days ago the tech-giant Siemens revealed its new plan to invest in blockchain startups to develop an environment for forward-looking fields such as artificial intelligence and decentralized electrification. 

“Siemens will set up a separate unit to foster disruptive ideas more vigorously and to accelerate the development of new technologies. The unit’s name, “next47,” plays on the fact that Siemens was founded in 1847”. 
The German company, in fact, plans to found the so-called “next47” as a separate unit for startups, investing a $1.1bn in capital to be spent in a five-year period.

Siemens blockchain project

In the press release, Siemens specified that the new project might involve the distributed ledger, or the technology behind bitcoin. 
“The new unit will also concern itself with so-called blockchain applications that are designed to make data transfer in industry and in energy trading, for example, simpler and more secure”.
More info about the Siemens blockchain project will be announced soon. Stay tuned on the HolyTransaction blog.

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siemens blockchain

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IBM blockchain project for identity verification

ibm blockchain
Today the tech-giant IBM revealed its latest blockchain project thanks to the French bank Crédit Mutuel Arkéa, an idea that aimed at creating a system for identity verification.

IBM Blockchain for identity confirmations

IBM explained that the concept exploit the Hyperledger blockchain to allow users to have a proof of their identity, one of the few projects with the blockchain used as a non-financial application.
Frédéric Laurent of the Crédit Mutuel COO explained:
“This project offered a complete view of customers’ documents across our distributed network and helped us to understand and master blockchain for other client uses.”
This is not the first time we heard about blockchain projects conceived by the IBM. In fact, in April we wrote about Watson, an artificial intelligence connected to the blockchain and created by IBM itself. 
This device wil be registered on the Bitcoin ledger and – thanks to smart contracts – it will create different kinds of access, allowing lots of functions and customization.

Banks and blockchain applications

 The news come when the French bank decided to use the blockchain technology, after several other banks announced their own projects related to the distributed ledger.
A few days ago we talked about the BNP Paribas project to study the blockchain as it aims at building new tools for data and money management.

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Artificial intelligence connected to the blockchain thanks to IBM

ibm works on Watson artificial intelligence connected to the blockchainIBM is working on an artificial intelligence that will use the blockchain.
Thanks to the possibilities offered by the blockchain in terms of value exchange, the IBM artificial intelligence will be able to analyze tons of data in a small portion of time.
And thanks to Tim Hahn this will happen for real. He explained to CoinDesk:
“What we’re doing with blockchain and devices is enabling the information those devices supply to effect the blockchain…You begin to approach the kind of things we see in movies.”
The blockchain applications will include the possibility to allow devices to perform tasks at a certain set time. 
Also, the devices wil be registered on the blockchain and – thanks to smart contracts – different types of access will be created, allowing lots of functionalities and customization. 
For example, thanks to the blockchain, Watson software could be updated remotely.
“You better be ready to actively update your devices throughout the lifecycle of your devices. Vulnerabilities will be discovered long after the device is released”, commented Hahn. 
Unfortunately Watson is still in a development phase and we don’t have more details about this disruptive invention. 
“Its early days and we’re just playing around with prototypes now”, explained Hahn. 

IBM invests in the Internet of Things

It was March when IBM announced its decision to invest $3bn to build an entire office that would be dedicated to the Internet of Things (IoT), or the smart connection between devices and Internet.
In a press release IBM explained that the company predicted to earn $235bn by the end of 2016 and an increase of 22% from 2014. 
The statement also predicted 6.4 billion devices that will be used worldwide within the end of 2016, an amount that will reach 20.8 billion in 2020.

Previous statement

IBM, in fact, is also working on the Hyperledger Project, an open-source blockchain led by The Linux Foundation. Presented in December, this project stars thirty companies including ABN Amro, CME Group, Red Hat and several blockchain startups.

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Amelia Tomasicchio