|Phenny Lynn Palec |||Oct 18, 2016 08:46 AM EDT|
(Photo : getty images.) IBM China on Friday said that it has completed a pilot project with Chinese credit card company China UnionPay. The pilot project based on block chain technology facilities different banks to share loyalty bonus points.
Several major tech companies are planning to build a partnership in a bid to boost server technology.
A new report revealed that the tech giants, headed by IBM, are keen about working together to advance the current state of computer servers. By pooling their resources together, they are reportedly optimistic about upgrading the current server transfer speeds by up to10 times.
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Other major tech enterprises joining IBM in this lofty quest are Google's mother company Alphabet, Hewlett-Packard Enterprise, Dell Technologies, AMD, Micron Technology, Nvidia, Mellanox Technologies and Xilinx. Surprisingly, Intel, which is a major player in the server market, was not part of the group.
IBM believes that the current circuitry of servers used in major data centers are not fast enough. Thus, their main objective is to improve server transfer speeds.
It was explained that while microprocessors are getting faster, their performance are usually hampered by slow performance of memory chips, graphics chips, or other components that are proved to be a bottleneck in the system as a whole.
IBM is planning to develop new computer architectures and technologies in order to cater to the proposed workload of servers, according to Pulse Headlines. The companies involved are also planning to tap Intel's vast market of microprocessors, an essential component that allows servers to run.
IBM licensed its technology in 2013, and since then, the company has developed its power-based chips and offers it to some of its partners. Google has also opened up a partnership with IBM which will allow the former to use Power-based processors. Aside from using IBM's chips, Google has also expressed its intention to use IBM's communications technology, which will be integrated into the search engine giant's data infrastructure.
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