Despite the steep decline and depressing cryptocurrency market, tech mogul IBM alongside Columbia University further their involvement in the field of blockchain-based technology.

Increasing Access to Expertise and Resources

IBM and Columbia University announced November 19 the launch of two new accelerator programs related to the field of blockchain. Supposedly, the programs will provide entrepreneurs throughout the world with increased access to both expertise and resources needed to establish various blockchain networks.

The official release also reveals that these programs will each support ten startups. They are working on projects to build blockchain-based businesses and are developing enterprise blockchain solutions.

As part of the programs, both IBM and Columbia mentors will be helping out the entrepreneurs with technical, academic, and business expertise. The main intention of both programs is to further assist network founders to better develop their ideas and turn them into sustainable and viable businesses.

Speaking on the matter was David Post, Managing Director at IBM’s Blockchain Accelerator, who outlined:

The possibilities presented by blockchain technology are seemingly endless, and we are seeing strong dedication by technical talent to build game-changing applications. […] What is also needed to truly bring about this sea change is the right technology and expertise which is why IBM is working with Columbia to help give these early- and mid-stage founders a way to build enterprise-grade networks that can move blockchain innovation forward.

A Traditional Line of Action

IBM’s position on blockchain has been nothing but clear, as the company is amongst the most involved in the field. Just a few months ago, IBM accepted a blockchain-based project in its “Start-up with IBM” program which granted access to the company’s technical advice and marketplace.

The company recently praised blockchain technology and how it can enhance important fields such as scientific research processes in a patent application.

What do you think of IBM and Columbia University teaming up to accelerate blockchain startups? Don’t hesitate to let us know in the comments below!

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