IBM and Columbia University recently announced two new accelerator programs for the next generation of blockchain technology aimed to enable network founders to develop sustainable and scalable companies that provide blockchain solutions. These programs will back ten startups that are building blockchain businesses and developing blockchain networks. Mentors from IBM and Columbia University will provide technical, academic and business mentors as well to assist in establishing best practices for building blockchain networks.
“Columbia University has successfully launched several technology accelerators in New York City, but this our first in partnership with a corporation that is a clear industry leader in the field,” states Satish Rao, executive director of the Columbia Blockchain Launch Accelerator. “Early- and late-stage teams will undoubtedly benefit from IBM’s technology resources, expertise and established network coupled with Columbia’s ground-breaking research and talent in blockchain and data transparency, all while benefiting from rapidly growing NYC blockchain communities.”
IBM’s latest patent on blockchain solutions was filed in May 2017 by inventors Jae-Wook Ahn, Marian Chang, Ravindranath Kokku and Patrick Watson. It concentrates on how blockchain technologies can be used for scientific research. Their stance is that there are limited platforms available that allow for a controlled and trustworthy exchange of scientific research that can show transparent data collection and analysis steps, and the systems that do exist, with a few rare exceptions, do not ensure that data will be resistant to modification.
As we previously blogged, Seagate Technology and IBM are also working together to decrease product counterfeiting. The project focuses on utilizing blockchain and security technologies to help fight counterfeit hard drives by assigning a unique identifier to the drive and documenting its lifespan from manufacture to end user. The IBM Blockchain Platform enables network participants to append and view blockchain data based on their level of permission.