IBM Provides Support To Blockchain Developments-Columbia University has received the support of the leading Tech Giant IBM in order to boost its blockchain development. Reportedly, IBM is providing the necessary technology required to the university.

IBM’s blockchain accelerator and Columbia’s blockchain Launch accelerator will act collaboratively to support 10 startups each. The purpose is to speed up activity around Blockchain developments.

David Post, the Managing Director at IBM Blockchain Accelerator, believes that they can supplement small firms. Similarly with the technology required so that the accelerator can work towards the expansion of Blockchain based business operations.

He said, “The possibilities presented by blockchain technology are seemingly endless. And we are seeing strong dedication by technical talent to build game-changing applications.”

IBM Provides Support To Blockchain Developments-IBM is currently interested in companies that are “focused on building out an enterprise business network. And client base for their blockchain application”. Because the blockchain accelerator is looking for firms excelling at product development.

Columbia University is also keen on accepting applications from companies. Which are still in the idea stage and want to participate in blockchain operations.

“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,” said Satish Rao, Executive Director, 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.”

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