IBM uses technology behind bitcoin to help businesses in countries with weak banking systems

Businessam StaffOctober 17, 2017

IBM is using the technology behind bitcoin to help farmers and other small businesses in underdeveloped countries participate in global trade. IBM announced the project on Monday, in partnership with fintech startups Stellar.org and KlickEx Group. The companies will use IBM’s blockchain technology to process financial transactions across borders and currencies — a process which is often […]

How is AI disrupting financial industry

Businessam StaffSeptember 18, 2017

Fintechs

Artificial intelligence (AI), along with other financial technology (fintech) innovations, are significantly changing the ways that financial business is run, especially in the fields like trading, insurance, and risk management, leading the traditional financial industry into a new era. Back in 2000, Goldman Sach’s New York headquarters employed 600 traders, buying and selling stock on […]

Ford Motor Co. leader shares how VR helps steer business

Businessam StaffSeptember 7, 2017

Virtual reality is increasingly being applied to more than just video games and entertainment, and Ford Motor Co. is one example of how the technology can improve business deals. Elizabeth Baron, virtual reality and advanced technical specialist for Ford Motor Co. (NYSE: F), at the Florida Simulation Summit in Orlando on Sept. 7, explained to a crowd of business […]

Burger King launches WhopperCoin crypto-cash in Russia

Businessam StaffAugust 29, 2017

Fast-food chain Burger King has launched its own cryptocurrency, called WhopperCoin, in Russia. Customers will be able to claim one coin for every rouble (0.75p) they spend on the Whopper sandwich. According to BBC, Russians will be able to buy a Whopper with the virtual cash, once they have amassed 1,700 whopper-coins. The company said […]