|IBM also engages with the blockchain technology known to be useful for finance companies / Photo Credit via Pixabay|
A lot of tech and finance companies all over the world are trying to delve deep into blockchain technology for its potential to change the game for their respective markets. One of the reasons for this is that more and more organizations are signing on to this kind of technology that it is getting harder and harder to track which companies to go to for the information the consumer will need.
The situation might change soon due to the creation of a “Yellow Pages” style platform for blockchain projects, which can vastly improve efficiency and organization of companies all over the world. And when a big tech giant like IBM gets onboard, you know that this is getting more serious by the day.
The platform, called the Unbounded Registry, will be spearheaded by the blockchain startup HACERA and is designed to provide a more “decentralized means to register, look up, join, and transact across a variety of blockchain solutions,” as sources were quoted in a report published on cointelegraph.com.
This particular project is being created to solve the underlying issues in the field of blockchain technology, which include, but are not limited to the discoverability of blockchain networks and application and having a concrete and trusted catalog of domain-specific services and functions that should be detailed enough for anyone to find the specific service that they require.
IBM itself is known in the industry for their openness to this new type of technology, and is planning to apply it to different aspects of their company. Case in point, they just revealed that they are creating a Stellar-based “near-real-time” blockchain payment network dubbed the Blockchain World Wire (BWW). This solution was designed to be the mediator between international settlements between different banks from all over the world.
Other than that, this can be one of the important steps for blockchain technology to reach center stage, with a platform for people to see which and what companies can provide the service needed and how relevant they are on a case-to-case basis.