- The IBM program will support ten blockchain startups
- Not all firms can benefit, only those confederated to IBM and Columbia University.
According to the IBM newsroom this week, IBM in confederation with the Columbian university has launched a blockchain accelerator program that focuses on helping startups with their innovative strategies.
The program will handle ten startups offering them a list of benefits such as connecting them to business mentors, IBM cloud resources, technical support, and unlimited ingress to the Columbia’s student talent and “research community.”
IBM & Blockchain
As of 31st August 2018, IBM scores as the second largest blockchain firm after the Chinese seller, Alibaba. IBM operates a hyper ledger based blockchain platform in its cloud space. Over the years, the tech firm has worked with multiple organizations across different sectors in business. Also, in its blockchain platform, it offers users with an end-to-end forte, which ensures the security of transactions at all times.
According to the statement, the program aims to aid startups to translate business ideas into ” sustainable and scalable” blockchain ventures.
“The possibilities presented by blockchain technology are seemingly endless, and we see strong dedication by technical talent to build game-changing applications,” announced Mr. David, the managing director, IBM Blockchain accelerator.
“What is also needed to truly bring about this sea change is the right technology and expertise which is why IBM is working with Columbia to help give these early- and mid-stage founders a way to build enterprise-grade networks that can move blockchain innovation forward.”
However, only the firms that are confederated to either Columbia or another NYC established school will benefit from this program.
The IBM Blockchain accelerator
The second phase of the program labeled the IBM blockchain accelerator will come at a later stage and will concentrate on building a client base for their blockchain software. The New York and San Francisco run project will give more strength to ventures in their business scaling strategies.
The program will allow each participant access to technology and services worth up to $400, 000. Nevertheless, it is going to be free, and players don’t have to pay fees or equity for admission.
In a time when crypto is slowly gaining popularity, multiple universities have initiated crypto courses on these digital assets. Jerry Cuomo recently revealed that a blockchain engineer could earn from around $250, 000. He said, ” It is on the high side of what a really talented consultant or software engineer can earn. Demand is exceeding supply, so we are seeing shortages.”