IBM Announces “Stellar-Based” Blockchain Payment Network

One of the big impediments to adoption has been the amount of time it takes to execute a complex transaction. To remedy this, has announced that its is out of beta this week, a network based on the Development Foundation’s (SDF’s) financial infrastructure designed to speed worldwide access to low-cost financial services through the development and maintenance of technology and partnerships.

Using IBM LinuxONE servers, IBM has tuned SDF’s blockchain technology to efficiently simplify international settlements between banks “near real time” speed. The new product will allow the exchange of fiat money for cryptocurrencies – money that is legal tender, but it is not backed by a physical commodity. Without the use of a physical commodity, the processing speed of a transaction can be greatly increased.

What is Stellar?

To read the complete article, CLICK HERE

NOTE: This column was originally published in the Pund-IT Review.

Share This Post On

Leave a Reply