June 15, 2022
Banks involved include Bank of Montreal
Big businesses, including many of the worlds largest banks, have been increasing
their investment in the technology in hopes it can help them reduce the
complexity and costs of some of their most burdensome processes, such as the
settlement of securities or international payments. The companies aim to release
the platform, built using the new IBM Blockchain, later this year.Blockchain,
which emerged as the system running cryptocurrency bitcoin, is a digital shared
record of transactions that is maintained by a network of computers on the
internet, without the need of a centralized authority.
Banks involved include
Bank of Montreal, Royal Bank of Canada, Bank of Nova Scotia, Canadian Imperial
Bank of Commerce and Toronto-Dominion Bank.The U.S.International Business
Machines Corp has launched a service that will allow businesses to build
applications on its cloud using blockchain code China Polyester
Stretch Fabric from the Hyperledger Project, the cross-industry group led by
the Linux Foundation.Technology companies and professional services firms have
also been ramping up their investment in blockchain, as they race to capture the
nascent market.IBM said it had also tested a blockchain-based asset management
platform for carbon assets with Chinese company Energy-Blockchain Labs.The
network, set for launch later this year, is aimed at making it easier for
consumers to prove their identities when accessing services such as new bank
accounts, drivers licenses or utilities.IBM has been one of the most aggressive
large technology companies on blockchain and has several large clients
developing applications with the technology, including Northern Trust Corp,
Wal-Mart Stores Inc and the Depository Trust & Clearing Corporation.
technology company said on Monday its new product called IBM Blockchain was the
first service for developers to build enterprise-grade technology using
Hyperledger Fabric, the first code set to be released by the open source group.
The Fabric blockchain can process more than 1,000 transactions per second and
has the necessary features to be used by large enterprises to build their
applications, IBM said.It added it was working with technology company SecureKey
Technologies and a group of Canadian banks to build a digital identity network
using its new blockchain services.
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The saris have been a real hit
" Determined to maintain the integrity of the fabric, devoid of embellishment or
embroidery, she chose to use hand-dying techniques to achieve a tie-dye
effect.The rugged denim now turns elegant — in a sari-torial avatar. As a design
student at Delhi’s Pearl Academy, Jain realised the potential for the beautiful
clash of fabrics. It’s a unique product and hence people like to stack at least
one piece in their wardrobe as a style essential."Talking about developing the
idea, the designer puts forth, "I needed to get the fabric soft enough for it to
drape well. She says, "See, the denim sari almost falls like a silk sari on the
skin but since it is cotton, it can be conveniently worn in sultry summers
too.". Though we have tried out hand-embroidery as an accentuation element, it
was never the main feature of a sari," she says, adding, "The saris have been a
real hit. Designer Anubha Jain has come up with a fashion innovation: the denim
sari. "Denim is best associated NYLON
STRETCH with washes, so that is what we usually work upon, instead of using
embroideries on it
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