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Blockchain adoption will depend on project and industry, says IBM Japan’s Tsuyoshi Hirayama

Arijit Sarkar

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IBM enters the blockchain game
Credit: Pixabay

While numerous non-financial organizations have taken concrete steps to mark their territory in the crypto-ecosystem, the number of organizations joining the domain has skyrocketed in 2019. The latest buzz was created by IBM. Although the tech giant had previously announced its involvement in leveraging blockchain for its future projects, Tsuyoshi Hirayama, Director of Digital Innovation Business Development, IBM Japan, shed light on some recent IBM blockchain developments at the Consensus 2019 conference.

During the interview, Hirayama addressed his interest in working with IBM Japan’s blockchain initiatives, and attributed it as the only reason to join the company. He also stated that his “Hyperledger background and Amazon Web Services experience” could also help IBM in catalyzing innovation.

When asked about IBM’s position in the current market, Hirayama said,

“IBM maintains the highest blockchain technology adoption rate and holds the best financial customers.”

While stating that giants like Microsoft and Oracle are not a competition to IBM in the blockchain space, he added that the inclusion of more companies will only help “users within the overall blockchain community.”



Hirayama was also questioned about blockchain’s commercial use, to which he answered,

“It depends on the project and the industry.”

He also hinted at making blockchain technology available through smart contracts, informing viewers that IBM is leveraging historical data from other industries to implant blockchain-based processes.





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Binance Coin [BNB] registers ATH as it surges by over 16,000% since inception

Namrata Shukla

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Binance coin [BNB] registers ATH as it surges by over 16,000% since inception
Source: Pixabay

The cryptocurrency market continued to register massive growth, as the prices of most major cryptocurrencies soared. However, the late entrant to the list, Binance Coin [BNB] is posing to be tough competition for other coins in terms of performance. BNB which entered the crypto market in July 2017, breached its all-time high and was trading at $28.79, at press time.

Source: Trading view

Source: Trading view

Binance Coin started out in July 2017 with a value of $0.1927 and marked its all-time high on May 18 at $31.91, according to the Trading View chart of the coin on Binance. BNB noted the growth of a massive 16,458.31% since 2017. However, until the beginning of 2019, BNB was valued at $6.59, after which the coin noted a surge by 384.15% and peaked at $31.



Source: CoinMarketCap

Source: CoinMarketCap

In the month of May, BNB noted a 28.16% growth, and the coin was valued at $28.66, with a market cap of $4.04 billion. The 24-hour trade volume of the coin was reported to be $551 million as it spiked by over 10% in a day. In the past seven days, the coin grew by 35.97%, but slipped by a minimal 0.25% in an hour.

BNB was highly traded on its native exchange, Binance via the BNB/BTC and BNB/USDT pairs. The BNB/BTC trading volume noted on Binance was $140 million, while the volume reported on the BNB/USDT pair was $132 million. The third place was taken by BKEX via the BNB/USDT pair as it registered a trading volume of $72 million.





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