IBM’s Gabi Zodik Delves into Blockchain Technology

London Summit 2019 continues forth into a blend of afternoon sessions, highlighted by an informative keynote speech by Gabi Zodik, Director, Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term and IoT Platforms at IBM Research.

Mr. Zodik discussed the evolution of money and its intersection with Blockchain, IoT, and other disruptive technologies that have taken the FX and finance industries by storm.

Indeed, blockchain, like the new operating system of trust, has become a power of decentralization, creating markets for the future with a new trust model.

Touching on a number of unique comparisons, it's quite easy to forget how many different channels and industries blockchain technology has helped improve.

Taken a step further, a unique combination of blockchain and artificial technology (AI) provided the most interesting potential, ranging from benefits in the food industry to trading improvements.

“Almost every function available because of blockchain can help maintain privacy,” Mr. Zodik pointed out. Given the invasiveness of so many newer technologies, his point does resonate in a variety of ways with all matters of individuals.

The Rise of Tokenization

Asset-backed tokens were also a key area of focus that’s caught on in the blockchain industry. These tokens were backed by real assets increasing Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and creating new markets.

In particular, Mr. Zodik focused on network of networks, specializing in certain kinds of assets. This included trade logistics, finance, and industry trade, as well as a linkage between these.

Finally, he also emphasized IBM Groundbreaking Systems, including TradeLens, Hyperledger Fabric, and the Fabtoken, IBM Blockchain Verifier.