IBM blockchain momentum growing in EU: Page 3 of 3

November 14, 2018 //By Jean-Pierre Joosting
IBM blockchain momentum growing in EU
IBM has announced that it is working with leading European companies (from large enterprises to startups across multiple industries) to continue to innovate with blockchain, progressing projects from proof of concept to production environments.

The Central Securities Depository of Poland (Krajowy Depozyt Papierow Wartosciowych, KDPW) has implemented their eVoting solution, designed to encourage greater retail shareholder participation in company Annual General Meetings (AGM), and ensure transparency to regulators on the history of AGM agendas, and voting results. The network is in production.

Startup software developer Comgo.io, with support from IBM, is digitizing the entire donation and spend process for Non-Governmental Organizations (NGOs) using Hyperledger Fabric. NGO donors can see in real time what money has already been spent and the activities supported. For example, when charity workers in India purchase hygiene products for the street children they support, the payment is tracked on a mobile phone, and written to the blockchain, allowing approved network participants to see the transactions, and triggering the NGO responsible to verify that the children did actually receive the products.

The application enhances transparency to build a deeper connection between the donors and the charity, and helps donors to understand more about the work of the NGO. Comgo.io is implementing the application with 7 NGOs: Fundación Recover; Orden de Malta; Fundación Exit; Farmacéuticos sin Fronteras; KUBUKA; Itwillbe, and homelessentrepreneur.

Much of the momentum can be attributed to the ease of use of the IBM Blockchain Platform and the open nature of the Linux Foundation's Hyperledger Fabric blockchain framework, underscored by IBM's deep blockchain and industry expertise.

www.ibm.com/blockchain


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