Shares of International Business Machines Corp. (NYSE:IBM) ended Friday session in red amid volatile trading. The shares closed down -1.13 points or -0.72% at $154.98 with 2,702,153 shares getting traded. Post opening the session at $155.62, the shares hit an intraday low of $154.71 and an intraday high of $156.04 and the price vacillated in this range throughout the day. The company has a market cap of $147.06 billion and the numbers of outstanding shares have been calculated to be 955.84 million shares.
On Sept. 23, 2016 IBM (NYSE: IBM) and China UnionPay E-payment Research Institute previewed the demo of a collaborative project on loyalty bonus points exchange among multiple banks using blockchain technology. With a few simple and quick steps, consumers will be able to exchange bonus points from among any of the banks they do business with to select the rewards they want.
Bonus points earned through purchases on bank cards have long been an important method to attract and encourage customer loyalty to branded bank cards. The variety and selection of merchandise available in online bonus points exchange shops are an important reason for customers to favor and use specific bank cards. Since bonus points cannot be freely exchanged among different banks, many bonus points go unused because of strict bonus points policies or a limited selection of goods for exchange.
Enabling banks to integrate and share bonus point systems can be a challenging and expensive task using conventional technology. To address this problem and provide more value for bank customers, IBM China Research Lab and China UnionPay E-payment Institute created an innovative business platform on IBM Blockchain using the Hyperledger Fabric to create a permissioned network for the exchange of bonus points.
“As a new industry pilot for blockchain technology, this represents a significant business breakthrough and innovation milestone for the electronic payment business,” said He Shuo, Director, the Electronic Payment Research Institute, China UnionPay. “The joint research efforts between China UnionPay E-payment Institute and IBM Research has enabled the successful exchange of bonus points among banks using blockchain technology, which embeds trust into transactions. This pilot along with similar innovations underway using blockchain will positively change the future of the finance industry.”
This joint effort will also integrate online and offline channels using blockchain. As a result, it will be possible for China UnionPay card holders to go to any offline supermarket or mall equipped with intelligent point-of-service (POS) devices to exchange bonus points for commodities by direct scanning. It is anticipated that bonus points from flight mileage, mobile phone bills, gas cards and food and beverage purchases can be freely exchanged and swapped in the future.
Shares of Broadcom Ltd (NASDAQ:AVGO) ended Friday session in red amid volatile trading. The shares closed down -2.19 points or 1.30% at $166.65 with 2,687,474 shares getting traded. Post opening the session at $168.70, the shares hit an intraday low of $165.51 and an intraday high of $169.03 and the price vacillated in this range throughout the day. The company has a market cap of $65.36 billion and the numbers of outstanding shares have been calculated to be 397.33 million shares.
Broadcom Ltd (AVGO) on Sept. 19, 2016 announced a new generation of gearbox PHY IC devices, the BCM82332, BCM82793 and BCM82864, designed for data center and enterprise networking applications.
With the general availability of switch chips that have flexible multi-speed port interfaces supporting 10G, 40G, 100G and emerging Ethernet speeds, new gearbox PHY solutions are needed to ensure robust signal integrity and optimize port adaption. The latest Broadcom gearbox PHY devices extend the capabilities of switches by providing flexible port interface and maximizing the electrical link distance to optical interface while consuming minimal power. The BCM82793 and BCM82332 are application-optimized, cost-effective 100G gearbox devices that support IEEE802.3bj Clause 73 Auto-negotiation, Clause 91 FEC and Clause 92 & 93 transmit training.