In September 2020, OIO Holdings Limited, a Singapore-based technology company, announced its agreement with IBM as a global partner for the development of its blockchain solutions.
This partnership is expected to benefit both parties significantly. OIO Holdings will gain access to IBM`s blockchain network, Hyperledger Fabric, which will help it to speed up the development of its blockchain solutions. IBM, on the other hand, will benefit from OIO Holdings` expertise in the blockchain industry.
What Does OIO Holdings Do?
OIO Holdings specializes in developing blockchain solutions for various industries, including finance, healthcare, logistics, and gaming. It offers end-to-end services for blockchain-based applications, including consultation, design, development, and deployment.
The company has developed several blockchain-based platforms, such as the OIO Trusted Digital Identity Platform and the OIO STAMP (Secure Transaction Automated Payment) Platform. These platforms use blockchain technology to provide secure, transparent, and tamper-proof transactions.
The OIO-IoT Platform is another solution that leverages blockchain technology to provide secure and transparent data exchange for the Internet of Things (IoT) industry. It uses blockchain to ensure the security and privacy of IoT data, while also ensuring that the data is distributed among all stakeholders.
Why IBM?
IBM is a world leader in technology and has been at the forefront of blockchain development. It has been developing its blockchain network, Hyperledger Fabric, since 2015. The platform is built on open-source technology and is designed to offer a secure and scalable solution for enterprise blockchain applications.
IBM`s blockchain solutions have been adopted by several industries, such as finance, supply chain, and healthcare. Its blockchain expertise has also been recognized by major organizations, such as the United Nations, which has enlisted IBM to develop a blockchain-based solution for ID verification.
IBM has also been working on several blockchain-based projects, such as TradeLens, a platform for global trade operations, and Food Trust, a solution for food traceability.
What Does the Partnership Mean?
The partnership between OIO Holdings and IBM means that OIO Holdings will have access to IBM`s blockchain network, Hyperledger Fabric. This will enable the company to speed up the development of its blockchain solutions and also improve the quality of its services.
The partnership also means that IBM will have access to OIO Holdings` expertise in the blockchain industry. This will enable IBM to develop better blockchain solutions for its clients and also expand its blockchain operations.
Conclusion
The partnership between OIO Holdings and IBM is a significant step forward for both companies. It will enable them to leverage each other`s expertise and resources to develop better blockchain solutions for their clients. The partnership is expected to benefit the blockchain industry as a whole, as it will lead to the development of more secure, transparent, and efficient blockchain applications.