Securitize Joins IBM Accelerator to Change Debt Market

Securitize Joins IBM Accelerator to Change Debt Market

IBM is on fire when it comes to Blockchain. Digital security platform Securitize will join the IBM Blockchain Accelerator Program in 2019, a joint program between IBM and Columbia University recently launched, according to a report by Forbes.

As previously reported by Cryptimi, IBM and Columbia University launched back in November two technology accelerators focused on Blockchain startups.

In November, the press release affirmed that “as key components of the Columbia-IBM Center for Blockchain and Data Transparency, the accelerators will offer entrepreneurs and blockchain network founders around the world access to the expertise and resources they need to establish blockchain networks.”

So it is happening right now, as Securitize CEO and co-founder Carlos Domingo affirmed in the Forbes piece, “with the aid of IBM, we hope to modernise the  $82 trillion corporate debt market – which is currently riddled with inefficiencies and high fees – with blockchain technology.”

The program is divided into two journeys: one for product development and the other as a network program for growing companies in their early stage. Security will be working on the Launching program.

The Launch is a pre-seed accelerator for people to explore their blockchain concept and turn them into reality. Domingo stated that their “goal is to build the world’s first debt issuance platform with blockchain technology in 2019.”

Securitize will be focused on the integration of “Hyperledger into the product design of their platform, which will enable debt issuance on the blockchain,” as Forbes recalled.

“The primary issues with issuing corporate debt are the high-costs, inefficient processes and the multiple actors that participate in the deal execution part, said Domingo. Integrating blockchain technology into the whole corporate debt process will help enable greater transparency, audibility, efficiency, and eliminate intermediaries that don’t need to be there.”

Recently Similar News

cex-promotion exmo-promotion

Latest Guides

Latest News

Cryptocurrency,Trezor,Updates,Wallets

Trezor Explain Why You Should Use Their New Buy Service

Cryptocurrency wallet, Trezor have launched a new buy service on their platform and have detailed how it can benefit you. The new service will simultaneously help traders whether they are looking to hodl, invest, build your portfolio, or send money abroad directly via the service. To make sure you know exactly why you should use […]

13 November, 2019
Blockchain,CoinEx,Decentralised,Updates

CoinEx Chain Mainnet Goes Live Alongside New CoinEx DEX

CoinEx’s own native chain, the CoinEx Chain officially went live yesterday afternoon. The launch of the mainnet was 7 months in the making but it is now up and running, following a series of tests and a tour of Asia. During these tours, they spread the word of their native public chain and simultaneously attempted […]

12 November, 2019
CEX,Giveaway,Promotion

CEX Announce Creativity Awards For Users

To celebrate their 6th year of operation, CEX.io are giving users the chance to win prizes by sharing their creativity with the platform. This event will see them reward their users for the loyalty they have shown over their history simply for sharing their creative prowess with the exchange. The concept is quite simple – […]

11 November, 2019
DeversiFi,Exchange Platforms,Updates

DeversiFi Reveal First Month Performance Report

DeversiFi, the re-brand of popular platform Ethfinex, yesterday revealed the details of their first-month operations in their new format. Already the new-look platform has set about making its presence known in the world of cryptocurrency and blockchain. At the end of September, they assisted an EU commission that focuses on digital asset regulation, before last […]

10 November, 2019
Closure,Decentralised,DX.Exchange

DX.Exchange Have Closed “Temporarily”

DX.Exchange has closed its door as they attempt to find a “merger or outright sell of the company”. The news will come as a surprise to some as it has seemed all systems go for their native DXCASH and Turbo Token. However, this has seemingly not taken off in the way they had expected as […]

9 November, 2019
Changelly,Giveaway,Promotion

NEXO Giveaway Now Live at Changelly

Users will be able to benefit from a new giveaway at Changelly where they can win their share of 15,000 NEX. The two firms have been partners for some time. With Changelly’s low commission fee rates and NEXOs low interests combined making for a very price friendly trading experience when then the pair are used […]

9 November, 2019
Event

AIBC Summit Malta – Autumn Edition: Day 2

After what was undoubtedly a fantastic first day from the third edition of the AIBC Summit in Malta, our team at Cryptimi was all geared up for yet another eventful and insightful day. Just like the first day, we were literally spoilt for choice. So, we huddled up and came up with a practical game […]

8 November, 2019
Exmo,EXMO Coin,IEO,Promotion

EXMO Announce Series of Details about EXM IEO Third Round

The third and final IEO round for EXMO’s native coin, EXMO Coin (EXM) is scheduled for next Wednesday. In anticipation of this, the platform has announced important details about how and where you can get involved, as well as new incentives to do so. As previously reported, EXM is ready for its final IEO round […]

8 November, 2019