IBM's ‘World’s Smallest Computer’ to Work With Blockchain

New device was presented at IBM Think 2018 conference
20 March 2018   738

IBM presented the smallest computer in the world, the width and length of which is only 1 mm. Despite the dimensions that do not exceed the size of the salt crystal, the device supports blockchain tehnology, the IBM blog reports.

IBM New Microcomputer
IBM New Microcomputer

IBM plans to use the distributed ledger technology to track the process of shipping the goods and detecting theft. Also, technology can be useful in systems for the "smart house", aviation and automotive equipment.

The computing power of a new computer is comparable to that of a processor of the 1990s. It has a processor with "several hundred thousand" transistors, RAM SRAM, a photodetector and a communication unit that uses the LED to send information.

The computer was presented at IBM Think 2018 conference, where the company told about five promising technologies, which, in her opinion, will seriously affect the society and business within the next five years. These included blockchain, artificial intelligence, quantum computing, cryptography and robotic microscopes based on artificial intelligence.

Bakkt to be Launched in December

It is also reported that Goldman Sachs does not plan to create custodial cryptocurrency solutions based on the Bakkt infrastructure
19 October 2018   53

The expected launch of the Bakkt will take place on December 12 of this year. It is reported by The Block, citing informed sources.

Also, the material states that the investment bank Goldman Sachs does not plan to create custodial cryptocurrency solutions based on the Bakkt infrastructure. At the same time, the bank is considering the possibility of trading futures on a new platform.

In a recent Fortune interview with Bakkt, Kelly Lofler said that the cryptocurrency market is on the verge of a revolution comparable in size to the one that occurred on the energy market in the early 2000s.

Greater institutional participation in the digital asset markets requires secure and regulated custody solutions. We are impressed by BitGo’s product, unique services, and the management team. We view our investment in BitGo as an exciting opportunity to contribute to the evolution of this critical market infrastructure.
 

Rana Yared

Managing director, Goldman Sachs’ Principal Strategic Investments group

Bakkt is a cryptocurrency unit of the Intercontinental Exchange (ICE), which is the operator of the New York Stock Exchange. Giants such as Microsoft and Starbucks are taking part in creating of the new project, which is positioned as an “ecosystem for digital assets”.

The new platform will offer deliverable bitcoin futures to the market (unlike the settlement contracts for CBOE and CME, these are based on the underlying asset). The platform will support multiple fiat currencies.