IBM may embrace blockchain-based technologies for traditional currencies

According to Reuters“IBM is considering adopting the underlying technology behind Bitcoin, known as the ‘blockchain,’ to create a digital cash and payment system for major currencies.”

“The objective is to allow people to transfer cash or make payments instantaneously using this technology without a bank or clearing party involved,” reads the article, referring to “a sort of a bitcoin but without the bitcoin.”

Although the news has not been officially confirmed yet, IBM has expressed interest in Bitcoin and blockchain-based technologies in the past months, describing a possible use of the blockchain to foster the development of the Internet of things.