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May
17

IBM Touts Blockchain to National Cyber Security Commission

From: eWeek

By Darryl K. Taft

IBM executive Jerry Cuomo testified before the President’s Commission on Enhancing National Cyber Security about the benefits of blockchain for transactions.

An IBM official testified on May 16 before the President’s Commission on Enhancing National Cyber Security about the potential for blockchain to become the technology foundation for conducting transactions over the Internet.

Jerry Cuomo, IBM’s vice president of blockchain, testified before the commission in New York City, stating that he believes the technology could potentially cause a “tectonic shift” in the way financial systems are secured and that government, technology companies and industries should work together to advance blockchain to enhance national security.

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