International Business Machines Corp. (NYSE:IBM)’s Move To Attract Financial Services To Its Cloud

International Business Machines Corp. (NYSE:IBM)’s Move To Attract Financial Services To Its Cloud

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International Business Machines Corp. (NYSE:IBM) is trying to expand its cloud offering by offering fresh developer tools for financial services. The objective is to help them provide the essential building blocks for the development of apps on the company’s cloud platform for financial services.

International Business Machines indicated that there were over 100,000 enterprise and individual developers from the segment turning for insight and support. As a result, more users could have access to its data, APIs, and content to create and monetize its cognitive-enabled financial service apps quickly.

Aside from that, IBM and Dalian Wanda Group, a Chinese firm, agreed to establish a team to offer cloud services to companies in China. With the establishment of a fresh venture called as Wanda Cloud Company, it would provide IBM’s select cloud infrastructure, as well as, platform as a service in China.

The American firm also unveiled blockchain service, which is a enterprise-ready one, enabling enterprises to create apps on its cloud from the Hyperledge project. The new product is named as IBM Blockchain. The advantage is that it could process over 1,000 transactions a second.

International Business Machines also indicated that it is working with SecureKey Technologies to build a digital identity network with the support of its blockchain services, according to Reuters.