The program is designed for advanced growth companies looking to further explore the blockchain network while receiving technical and business support from the IBM staff.
Ten selected companies will also attend the Blockchain Architecture workshop organized by the IBM team during the three-month-long program.
Securitize’s co-founder and CEO, Carlos Domingo, revealed the exciting news while adding that the goal of his company is to:
“build the world’s first debt issuance platform with blockchain technology in 2019.”
Domingo is the former CEO of Telefonica’s research and development (R&D) division.
After the completion of the program, Securitize will prepare a presentation of their work, including more information about their products.
“With the aid of IBM, we hope to modernize the $82 trillion dollars corporate debt market – which is currently riddled with inefficiencies and high fees – with blockchain technology.” -carlos Domingo.
David Post, managing director at IBM Blockchain Ventures, had this to say:
“As the leader in enterprise blockchain, IBM is proud to welcome Securitize and nine others to the inaugural IBM Blockchain Accelerator program.”
“The participants have been chosen for their promising use cases and dedication to building scalable blockchain networks that have the power to transform existing business processes.”
A couple of months ago, it was revealed that Coinbase participated in the Series A funding series of Securitize. Other notable companies, such as Blockchain Capital, Global Brain, and Xpring Fund, took part in the $12.75 million funding series alongside Coinbase.
Another blockchain platform, IPwe, has also announced its selection to attend the IBM Blockchain Accelerator program. IPwe is a blockchain-based platform working in the patent ecosystem business.