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Credits at IBM think Summit 2019

On the 15th of May, Credits team took part in the most high-profile event of IT-industry - IBM forum in Russia, Moscow Think Summit 2019. Our CTO Evgeny Butyeav represented the company's unique blockchain platform and demonstrated the viability of the project.

IBM conference is a platform designed for the open exchange of ideas and the joint solution of promising business problems. Developers, opinion leaders and innovators from all over share their views and strive forward to enhance technological capacity. The high-level event organized was devoted to the most relevant developments in the field of artificial intelligence, cloud services and cybersecurity. The conference included four parallel streams where Russian IBM customers shared their experiences in such areas as:

  • Analytics and artificial intelligence
  • Business information security
  • Cloud technologies and infrastructure
  • Digital technologies in the extractive industries

The topic of Evgeny’s speech was “Blockchain as a cloud solution for business”. He represented the previously stated model that involves IBM Watson infrastructure, IBM clouds and Credits blockchain platform. This prototype is the best solution to bring a hack-proof of IoT indications in the public view along with the speed, which is required for registration of the huge number of indications into a public blockchain. This model is applicable for industries/market segments where high-quality data collection from sensors/gateways and reaching consensus is vital for the further transactions between market participants. It opens a huge market of prospects that allows transforming the modern world shape, proving the value of IOT and blockchain for business with their subsequent mass adoption.

The theme of modern digital technology has provoked heated and stimulating discussions during IBM conference. IoT, AI, Blockchain and cloud technologies were mentioned not only within the context of business development, but they were also mentioned in order to tackle social problems and to achieve sustainable development goals.

IBM conference has brought together the representatives of the following leading organizations: Sberbank, VTB bank, Gazprom Neft, NefteTransService, WWF and etc.

“This forum is quite unique and innovative as it brings IT-professionals from around the globe together. The great achievement of the event is that it is based on a business-oriented approach to the use of technology for human development. We got an enjoyable experience! Well done, IBM!” - Evgeny Butyeav, CTO at Credits blockchain.

About Credits Blockchain Platform

Credits is an international company that was founded in 2015 and is located in the USA, Singapore and Russia. Credits offers public and private solutions to its clients in many fields of business needs. The peculiarity of Credits is a high-speed decentralized blockchain platform that provides up to 1 million transactions per second with a confirmation time of a single transaction around 0.1 second and low fees around 0,001 USD. The platform is intended to develop standalone smart contracts and decentralized applications.

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