The technology company has launched the world's most secure server and along with that it also plans on introducing its very on digital currency by the name of Blockchain.
On February 16, 2016 International Business Machine Corporation announced and is launching a newer version for its z13 mainframe; this latest version of the cyber-frame includes cyber analytics, security innovations along with speedy encryptions. The novel version for the z13 was introduced back in January 2016 which used 1 billion dollars and five years for development by the Big Blue.
The previous fifteen quarters of IBM have got the investors and shareholders of the technology in quite turmoil as it managed to report a decline in sales throughout that time. Despite the fact that it has been going through a rough patch, the tech company has referred to the z13 mainstream as one of the most sophisticated system that it has built yet.
According to the measurements carried on at IBM’s Internal Lab, the system can process over 2.5 billion transactions in a single day which could be equivalent to over 100 Cyber Mondays daily. It has the ability to protect information without affecting the performance of the system or the transactions; additionally its can encrypt and decrypt data twice as fast as the initial system that were performing the same function; thanks to the advanced cryptography built-in feature.
The Vice President of International Business Machines’ Security, Caleb Barlow stated that with the help of the new mainstream system (z13) the tech organization has been able to help mid-market clients to encrypt their entire businesses; including any financial transaction that is processed in their data center to any order placed by any customer. He added that the organization and its system is able to do so with compromising the performance of the software
Additionally, it is also offering another feature to its customers which is, its latest cybersecurity analytics services – this feature/service can help z system users by providing top notch security through which the user will be able to track any unidentified behavior that is carried out. This new security service is coming from the company’s security unit.
In other news, the tech business has also become the biggest ‘backer of technology’ that works in the Bitcoin Digital currency as it aims to test its own personal service with variations that is called Blockchain. This new digital currency will be working on simplifying the lives of IBM’s customers, especially those who lease the company’s computer hardware, according to the information provided by the technology organization.
IBM stock presently is being traded in the market for a share price of $121.04 which shows an increase of 2.71% from its previous trading session. The market cap of the tech giant is reported to be 120.60 billion along with earnings per share of $13.62. The trade commenced at a share price of $119.26 during the current trading session and was seen at a high end of $121.05 and a lower share price of $118.35. Furthermore, during the past year the highest level at which the share price of IBM was seen at was $176.30 and the lowest at which it was seen at was $116.90 during the year.
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