IBM blockchain momentum growing in EU: Page 2 of 3

November 14, 2018 //By Jean-Pierre Joosting
IBM blockchain momentum growing in EU
IBM has announced that it is working with leading European companies (from large enterprises to startups across multiple industries) to continue to innovate with blockchain, progressing projects from proof of concept to production environments.

For example, Telefónica and IBM are collaborating in the development of a proof of concept (PoC) based on IBM blockchain technology to help solve one of the major challenges of communications service providers, the management of international mobile phone call traffic. The project helps to resolve the veracity and traceability of information generated by different service providers when they route an international call.

Using a decentralized network that provides participating members secure access, fraudulent behaviors and  discrepancies between the information recorded by each provider are significantly reduced.

The Central Bank of the Republic of Azerbaijan and IBM are developing a Digital Identification System based on Hyperledger Fabric, A Linux Foundation framework, to verify the reliability of the documents related to both individuals and legal entities for use with banks, credit providers and similar organizations. The new system will simplify and automate the "Know Your Customer" validation process, and will be used by both clients and credit organizations serving citizens of Azerbaijan.

Finnish retail cooperative S-Group is testing their Pike-perch radar solution, which is based on IBM Blockchain technology, as part of the retail group's strategy to improve customer experience. Customers in Finland can trace a fillet of pike or perch freshwater fish back to its home waters using the QR Code on the package of "Kotimaista-kuhafile" fish, or by logging in to a tracking website.

PKO Bank Polski has implemented a blockchain-based "durable medium" platform built together with KIR (Krajowa Izba Rozliczeniowa S.A. –  Polish automated clearing house) in partnership with IBM and Accenture, to help the bank achieve compliance with the European Union Payment Services Directive related to customer communication. Now the client documents and communications sent digitally to more than 5 million customers of the bank will be held in a highly secure blockchain-based repository.

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