IBM is interested in working together on the cryptocurrency project Libra from Facebook

IBM is open to working with Facebook to create the stablecoin Libra , CNBC reports.

According to the general manager of IBM blockchain services Jason Kelly, the company aims to increase the level of cooperation in the field of distributed registry technology.

“ Blockchain is a team sport. Our customers are ready to work with Facebook, and we are ready to work with all of them to unite them, ” he said.

Kelly did not specify whether IBM is interested in joining the Libra Association, but noted that the Facebook initiative is indeed contributing to the development of technology. At the same time, he hastened to distance himself from cryptocurrencies and switch to tokenization of real-world assets , including fiat currencies and stocks. Libra is supposed to become a tokenized form of a basket of national currencies.

“We are talking about Libra, and people claim that this is just another cryptocurrency. Leave the cryptocurrencies and talk about tokenization, because that's what we are talking about , ”he added.

IBM has developed its own blockchain platform, which, according to the company, allows it to "increase transparency in everything from the banking industry to supply chain management."

In August, IBM introduced a new blockchain project, Trust Your Supplier, which included Cisco, Lenovo, Nokia, and others.

Publication date 09.24.2019
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