IBM looks to global trade blockchain with Port Authority of Singapore, the world's largest container transhipment port.

IBM is a leader in blockchain RIBM is opening a Blockchain Innovation Centre in Singapore in collaboration with with the Singapore Economic Development Board EDB and the Monetary Authority of Singapore MAS .

IBM, which is a leading voice in the world of blockchain research and development, will also be looking to connect shared ledger technology with the physical world of global trade and logistics via the Port Authority of Singapore, the world's largest container transhipment port.

In addition to drawing from the expertise in the Singaporean talent pool and that of the IBM Research network, the center will also engage with small and medium-sized enterprises to create new applications and grow new markets in finance and trade.

Robert Morris, vice president, Global Labs, IBM Research, said: "This is IBM's first collaboration with the private sector and multiple government agencies within the same country to explore the use of blockchain and cognitive technologies to improve business transactions across several different industries.

"Now with new cloud services that make these technologies more accessible, leaders from all industries are beginning to take note of the resulting profound and disruptive implications in a range of settings including finance, banking, IoT, healthcare, supply chains, manufacturing, technology, government, the legal system, and more."

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