Ocado UK sales grow 27% on back of pandemic The FTSE 100 was close to flat yesterday, while the FTSE 250 sank back 1.2% with its year-to-date loss now well past 20% again. In earnings news, online grocer Ocado reported earnings for the six months ended May 31. The firm delivered a pretax loss of…
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Last month IBM withdrew its financial forecast as software sales were affected negatively by the coronavirus pandemic. CFO James Kavanaugh talked about making structural changes in the company to improve the competitiveness of the company. Earlier in May, CEO Arvind Krishna stated that IBM would cut even 5% of the dividend. Krishna said: I believe…
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Pinduoduo: Pinduoduo is another Chinese e-commerce firm with a Nasdaq listing, that has enjoyed a huge share price rally in 2020 so far — jumping by more than 50%. The company reports its Q1 earnings results on Friday morning New York time, after being downgraded from a buy rating to neutral by a Bank of…
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Back in 2018, we.trade was the first enterprise blockchain consortium to go live. Group of banks founded the platform to help European small and medium-sized enterprises (SMEs) get better access to trade finance. IBM has been a technology partner of the project from the beginning. The platform’s CEO has expressed that we.trade’s plans to work…
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The advent of blockchain technology created a level of hype and enthusiasm that the Fintech industry had not witnessed since, perhaps, the introduction to the masses of the Internet. A few intuitive futurists had actually discerned years back that the “Internet”, per se, was nothing more than an “enabler” of a wave of innovative thinking…
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Chainyard and IBM have partnered to create a new blockchain system for supply chain management with the purpose of improving onboarding, supplier validation, and life cycle information management. The information comes from a official news report by IBM. The name of the blockchain network is Trust Your Supplier. The entire system is primarily focused on helping…
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As The Business Times reports IBM and the three largest banks in Australia have joined efforts to test retail financing by the technology of blockchain. The new product is a bank-guarantee platform that is used by shopkeepers. The platform has a shared database. If the project is successful, this will be the very first application…
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The early visions of cryptocurrencies and blockchain technology attracted a supportive throng of libertarians and religious zealots, who envisioned a perfect world of peer-to-peer exchanges of value over totally private and decentralized crypto exchanges, or “DEX’s”, the term preferred in the digital world. Such exchanges would allow for an infrastructure free from government control and…
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IBM (NYSE:IBM) is going full force into blockchain and the new type of banking - one supported by cryptocurrencies. The tech giant is now onboarding six banks to issue stablecoins backed by fiat currency, all delivered through World Wire, which is an IBM payment platform that is built on the Stellar blockchain technology. These six…
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The power of blockchain has undeniably left its mark on almost all parts of the world. Recently, Africa has emerged as a top, or at least, promising blockchain/cryptocurrency destination. Because the market is so new, there are numerous solutions and inventions to be made using blockchain. The most remarkable thing about blockchain, however, is the…
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