Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

Archive for July 2017

New IBM Mainframe Users in New Era of Data Protection

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IBM today unveiled IBM Z, the next generation of the IBM mainframe, capable of running more than 12 billion encrypted transactions per day.

The new system also introduces a breakthrough encryption engine that, for the first time, makes it possible to pervasively encrypt data associated with any application, cloud service or database all the time.

IBM Z’s new data encryption capabilities are designed to address the global epidemic of data breaches, a major factor in the $8 trillion cybercrime impact on the global economy by 2022.

Of the more than nine billion data records lost or stolen since 2013, only four percent were encrypted, making the vast majority of such data vulnerable to organized cybercrime rings, state actors and employees misuing access to sensitive information.

You can learn more about the new IBM Z system here.

Written by turbotodd

July 17, 2017 at 2:31 pm

IBM Completes Successful Blockchain Trial for Bank Guarantees

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ANZ and Westpac have teamed with IBM and shopping center operator Scentre Group and have now successfully digitized the bank guarantee process used for commercial property leasing.

The trial used Distributed Ledger Technology (DLT) to eliminate the need for current paper-based bank guarantee documents, resulting in a single source of information with reduced potential for fraud and increased efficiency.

DLT powered by Hyperledger Fabric V1.0 is a blockchain framework and one of the Hyperledger projects hosted by The Linux Foundation. DLT is part of what underpins a blockchain.

In addition to eliminating the need for physical document management, the trial also addressed other inefficiencies in the current bank guarantee process, including the challenges in tracking and reporting of a guarantee’s status through multiple changes.

This forms part of a broader plan to build a shared solution with the rest of the industry, and to invite other organizations to participate in a larger pilot.

Commenting on the successful trial, Mark Bloom, Chief Financial Officer at Scentre Group, said: “An update of the decades-old process for issuing, tracking and claiming on guarantees is long overdue. 

“With approximately 11,500 retailers across Australia and New Zealand, who use guarantees to support rental obligations, manual tracking of guarantees has been an extremely cumbersome and labour intensive process.”

The companies involved in the trial have released a whitepaper detailing how the solution worked and how it could be used in other situations that rely on bank guarantees. You can download it here.

Written by turbotodd

July 11, 2017 at 1:15 pm

Posted in 2017, banking, blockchain

Pets at Home Builds In-Store Digital Experience with iPad App Using IBM MobileFirst Capabilities

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Pets at Home, the UK’s leading pet specialist retailer and IBM today announced the launch of Sales Assist, an IBM MobileFirst for iOS app for iPad which will be used across 440 stores nationwide to make it easier and simpler for customers to purchase the products they need.

Pets at Home offers a unique omni-channel experience for pet owners, including a large network of stores, brand websites, innovative and exclusive products, and pet services through vet practices and grooming salons.

With the Pets at Home website capturing some of the highest levels of web traffic in the pet care retail market, IBM is working with the brand to further evolve the digital experience and bring it to life in stores across the country.

Previously, customers who were unable to secure the right products and services for their pets had to either go online or visit another store. However, the introduction of Sales Assist into Pets at Home stores means that store colleagues now have a fast way to access a wider range of insights and products to be able to convert these enquiries into sales on the spot.

“At Pets at Home, we’re investing in innovative new technology to reinvent the retail experience for our customers. We want our consumers to be able to learn about and order the right products across every channel, and mobility is at the forefront of this transformation, “said Chris Holyland, Ecommerce Director at Pets at Home. “By customizing Sales Assist, in collaboration with IBM and Apple, we are providing our consumers with access to an even bigger range of goods regardless of location. The unique tool allows our colleagues to confidently show product information, ratings and reviews from the shop floor, opening up opportunities to foster higher brand engagement and ultimately provide our consumers with the experience they expect.”

Sales Assist is one of over 100 apps in the IBM MobileFirst for iOS portfolio that are changing the nature of work for retailers and global companies across industries by putting real-time data in the hands of employees.

Using iPad, more than 3,000 Pets at Home store colleagues will have quick access to the retailer’s product databases while assisting customers to provide a more compelling in-store experience.

You can learn more about IBM MobileFirst technology here.

Written by turbotodd

July 11, 2017 at 9:14 am

IBM and Citizen-Scientists to Contribute to Climate & Environmental Research

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As climate change accelerates, IBM is galvanizing the global science community with a massive infusion of computing resources, weather data, and cloud services to help researchers examine the effects of climate change, and explore strategies to mitigate its effects. IBM pledges to help direct the equivalent of up to $200 million for up to five climate-related projects judged to offer the greatest potential impact, and will then broadly share the experiments’ results.

IBM is inviting members of the global science community to propose research projects that could benefit from World Community Grid, an IBM Citizenship initiative that provides researchers with enormous amounts of free computing power to conduct large-scale environmental and health-related investigations.

This resource is powered by the millions of devices of more than 730,000 worldwide volunteers who sign up to support scientific research. World Community Grid volunteers download an app to their computers and Android devices, and, whenever they are otherwise not in full use, the computers automatically perform virtual experiments, with the aim of dramatically accelerating foundational scientific research.

Scientists who submit proposals for climate-related experiments may also apply to receive free IBM cloud storage resources, so that they can work with their experiment data in a secure, responsive, and convenient manner. They may also apply to receive free access to data about historical, current, and forecasted meteorological conditions around the globe from The Weather Company, an IBM Business.

IBM will select up to five projects to receive support. Proposals will be evaluated for scientific merit, potential to contribute to the global community’s understanding of specific climate and environmental challenges or development of effective strategies to mitigate them, and the capacity of the research team to manage a sustained research project. Resources provided are valued at up to $40 million per project, for a total of approximately USD $200 million.

IBM will accept applications here on a rolling basis, with a first-round deadline of September 15, 2017. Scientists from around the world are encouraged to apply. Up to five winning research teams will be announced beginning in Fall 2017.  

To learn more about World Community Grid and volunteer to contribute your unused computing power, please visit https://www.worldcommunitygrid.org/ 

 

Written by turbotodd

July 10, 2017 at 9:12 am

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