IBM has become a founding member in a decentralized cross-blockchain registry for blockchain projects.
The initiative called Unbounded Registry will be led by blockchain startup HACERA, and is designed to provide “a decentralized means to register, look up, join and transact across a variety of blockchain solutions, built to interoperate with all of today’s distributed ledger technologies.”
The project will reportedly address major issues in the field, including reserved naming for blockchain projects, the discoverability of blockchain networks and applications, and a catalogue of domain-specific functions and services.
IBM is known for its openness to the study and application of blockchain technology across various fields. Earlier this month, the tech giant revealed a Stellar-based “near-real-time” blockchain payment network called Blockchain World Wire (BWW). The solution is developed to facilitate international settlements between banks.
In August, IBM and Danish transport and logistics giant Maersk jointly launched their global blockchain-enabled shipping solution. The platform is reportedly able to track critical data about each shipment in a supply chain in real time, generating a distributed, immutable record on the fly.
In June, IBM iX, the business and tech consulting wing of IBM, in partnership with software supplier Mediaocean, launched a blockchain-powered tracker for digital media transactions to “clean things up” in the media buying industry.