IBM & Colombia Uni Develop Blockchain Lab

IBM & Colombia Uni Develop Blockchain Lab

Centre could be vital in supply chain evolution

Columbia University and IBM have announced a new centre devoted to research, education, and innovation in blockchain technology and data transparency.

To advance compelling new ways to apply blockchain and help address growing demands around data transparency, the center will also include an innovation accelerator to incubate business ideas from entrepreneurial students, faculty and members of the startup community.

Blockchain technology represents the next generation of secured, transparent transactions, enabling permissioned parties to access data in real time.

It opens up new ways to exchange value through the digital representation of assets.

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Blockchain and similar technologies enable organizations and individuals to share data in a privacy-preserving and highly secure manner and hold the promise to transform business on a global scale by reducing the need for trusted third-party verifications.

Primary focus areas for the centre will include:

  • Conducting new research and accelerating scientific breakthroughs in the areas of data transparency and blockchain across industries.
  • Building technology capabilities that apply blockchain in new ways.
  • Advising on emerging policy and regulation related to trusted blockchain and data transparency practices.
  • Pioneering ways to responsibly balance regulatory and data ownership issues with new data monetization models.
  • Strengthening and expanding professional skills in blockchain and data transparency through education and internships.
  • Supporting startups through a business accelerator focused on blockchain and data transparency.

Arvind Krishna, Senior Vice President of Hybrid Cloud and Director of IBM Research said: "Our work with clients has shown that blockchain can benefit industries and with that comes a responsibility to deploy it in ways that will foster greater trust and transparency in data.

"With Columbia, we are able to bring together leading thinkers on applying blockchain and data best practices based on extensive research and business experience and together prepare a new generation of technologists and business leaders."

Read more: IBM in $750 Million Blockchain Deal

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