IBM and Plastic Bank using Blockchain for Haiti Recycling
'Blockchain' is the name of first and most trusted global crypto currency company. Blockchain technology is a technology of record and transmission of data which is protected from all from falsification or modification since the start of a system. Most crypto currencies use blockchain technology to record transactions. The primary use of blockchains today is as a distributed ledger for crypto currencies, most notably bitcoin. As per IBM 2016 report, major portions of the financial industry are implementing distributed ledgers for use in banking at a rate much faster than expected.
At the beginning, Plastic Bank was approached by Cognition Foundry to form a partnership in which the Plastic Bank app and platform could be developed as a globally scalable enterprise system. After 2016, Cognition Foundry and Plastic Bank established the first Social Plastic recycling systems in Haiti. The pair further partnered with IBM to utilize some of the greatest minds and technologies available to make this as secure and dependable as possible. Presently, the team of Plastic Bank and IBM is utilizing IBM's Hyperledger Fabric enterprise standard. IBM collaborates with Digital Asset to create this tool which is presently hosted by Linux Foundation's Linux One server.
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