International Business Machines
IBM
and
Moderna
MRNA
have teamed up to
enhance
COVID-19 vaccine management, including enhancing supply chain visibility and tracking vaccine administration in real time by leveraging technologies like Artificial Intelligence (AI), blockchain and hybrid cloud.
Moderna is a pharmaceutical company that is primarily enagaged in developing messenger RNA (mRNA)-based therapies.
The companies will utilize IBM’s digital capabilities to devise ways of boosting sharing of information among governments as well as healthcare organizations and individuals about COVID-19 vaccine programs and augment vaccination rates.
International Business Machines Corporation Price and Consensus
International Business Machines Corporation price-consensus-chart
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International Business Machines Corporation Quote
Also, IBM’s Digital Health Pass will be used to make it easier for individuals to maintain their personal health information and aid them in sharing the information securely.
As shelter-in-place guidelines are easing across the globe and people are returning to work, IBM’s Digital Health Pass could benefit business organisations.
IBM’s Digital Health Pass is designed using IBM Blockchain technology and is primarily aimed at aiding organizations in verification of health details of their customers and employees based on their established criteria (vaccination records, test results, and temperature checks and so on).
IBM’s Blockchain Efforts Bode Well
Per
Emergen Research report
, the worldwide global blockchain technology market is projected to witness a CAGR of 67.6% between 2020 and 2027 and reach $111.58 billion. Increased usage of blockchain technology in supply chain management as well as banking and financial services space is a key driver of this market, added the report.
IBM leverages Hyperledger technology and boasts more than 500 blockchain projects.
Further, IBM’s Food Trust service
solution
provides better food traceability to assess credibility of sourcing and consumption safety. It leverages open-source technology based on Hyperledger Fabric to enable retailers to monitor entire food supply chain.
IBM Blockchain Transparent Supply solution facilities enterprises to create a blockchain-based data-sharing network with their supply chain affiliates while IBM Blockchain World Wire is a blockchain-powered worldwide payments network that is designed to speed up and enhance cross border payments.
IBM, one of the first movers in the blockchain space, is likely to play a crucial role in the blockchain space through 2021 and beyond, driven by strength in its enterprise blockchain offerings.
However, IBM needs to watch out for increasing competition in the space. Given lucrative revenue potential, not just IBM but other tech behemoths including the likes of
Oracle
ORCL
,
Microsoft
MSFT
, Accenture and SAP SE are now exploring effectiveness of blockchain technology to transform applications across a wide range of industries like banking, retail, supply chain management, healthcare and logistics.
At present, IBM carries a Zacks Rank #3 (Hold). You can see
the complete list of today’s Zacks #1 Rank stocks here.
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