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Exam Code: C2090-558 Practice exam 2022 by Killexams.com team
C2090-558 Informix 11.70 Fundamentals

Exam Code : C2090-558
Exam Name : Informix 11.70 Fundamentals
Number of questions: 60
Number of questions to pass: 38
Time allowed: 90 mins
Status: Live

The test contains six sections totalling approximately 60 multiple-choice questions. The percentages after each section title reflect the approximate distribution of the total question set across the sections.

Section 1 - Planning and Installation 16%
Identify data access restrictions
Describe database workloads
Describe data type concepts for database planning
Demonstrate knowledge of how to configure and install Informix
Demonstrate knowledge of embeddability considerations and the deployment utility

Section 2 - Security 3%
Demonstrate knowledge of authentication
Demonstrate knowledge of authorizations

Section 3 - DBMS Instances and Storage Objects 14%
Describe how to identify and connect to Informix servers and databases
Demonstrate knowledge of how to create and configure storage objects
Demonstrate general knowledge of the system databases and database catalogs

Section 4 - Informix Tables, Views and Indexes 15%
Given a scenario, describe how to create a table
Describe when referential integrity should be used
Describe methods of data value constraint
Describe the differences between a table, view, sequences, synonyms, and indices
Describe triggers and appropriate uses
Demonstrate knowledge of schema commands

Section 5 - Informix Data using SQL 14%
Describe how to use SQL to SELECT data from tables
Describe how to use SQL to UPDATE, DELETE, or INSERT data
Demonstrate knowledge of transactions
Describe how to call a procedure or invoke a user defined function

Section 6 - Data Concurrency and Integrity 10%
Identify isolation levels and their effects
Identify objects on which locks can be obtained
Describe transaction integrity mechanisms

Section 7 - Tools and Utilities 15%
Describe onstat, oninit, and onmode utilities
Demonstrate knowledge of data movement utilities
Describe sysadmin database and its functionality
Demonstrate knowledge of the features or functions available in Informix tools

Section 8 - Backup and Restore 8%
Demonstrate knowledge of backup procedures
Demonstrate knowledge of recovery procedures

Section 9 - Replication Technologies 5%
Describe the purpose of the different replication technologies

Informix 11.70 Fundamentals
IBM Fundamentals action
Killexams : IBM Fundamentals action - BingNews https://killexams.com/pass4sure/exam-detail/C2090-558 Search results Killexams : IBM Fundamentals action - BingNews https://killexams.com/pass4sure/exam-detail/C2090-558 https://killexams.com/exam_list/IBM Killexams : Executive Managed Seminal Computer System at IBM

Fri, 25 Nov 2022 23:03:00 -0600 en-US text/html https://www.wsj.com/articles/executive-managed-seminal-computer-system-at-ibm-11669390727
Killexams : IBM institutes legal action against Micro Focus

IBM has filed suit against Micro Focus, accusing the software company of illegally copying and reverse engineering IBM software in violation of copyright law.

In the legal action filed in US District Court in the Southern District of New York, IBM asserts that these actions constitute “illegal opportunism, willful infringement, and blatant breach of Micro Focus’s contractual obligation” and undermine IBM’s investments in software innovation.

Ross Mauri, GM Of IBM zSystems and LinuxONE, comments  that IBM has long run successful programs aimed at fostering an ecosystem of developers that create applications for IBM’s mainframe systems, to the benefit of mutual customers.

“IBM and its customers rely on these software developers as trusted partners. Micro Focus has broken that trust, a discovery that this suit brings to light,” he says.

He adds that IBM has made significant investments over decades in research and development of IBM mainframe system technology, and will defend its intellectual property.

“Our complaint seeks monetary relief as well as an injunction against Micro Focus that would prohibit the company from continuing to harm IBM by illegally copying and distributing our software,” Mauri says.

Wed, 23 Nov 2022 19:47:00 -0600 en-US text/html https://it-online.co.za/2022/11/24/ibm-institutes-legal-action-against-micro-focus/
Killexams : Can IBM's Upside Breakout Continue?

In my Oct. 20 review of International Business Machines (IBM) I wrote, "I have no doubt other technical analysts will start to warm up to the long side of IBM, but I remain bearish until a base pattern appears." Here at the end of November I must admit I underestimated the strength that was possible in Big Blue, so let's visit the charts of IBM again.

In this daily bar chart of IBM, below, we can see that prices soared and soared from late October and broke out over the highs of June. Impressive. Trading volume shows a slight improvement in the past two months. The slopes of the 50-day and 200-day moving averages are positive. The On-Balance-Volume (OBV) line shows a rise from July. The trend-following Moving Average Convergence Divergence (MACD) oscillator is well above the zero line but has crossed to the downside for a take profit sell signal. 

In this weekly Japanese candlestick chart of IBM, below, we can see that prices broke out over the highs of 2022 and 2021. The highs of 2020 have not been broken, but I do not see them as important resistance. The slope of the 40-week moving average has turned positive. The weekly OBV line shows improvement the past two months but it has not broken above its respective highs. The weekly MACD oscillator is bullish. 

In this monthly close-only chart of IBM, below, we can see the price history back to the mid-1980s. Look at the price action from the peak in 2013 -- prices have broken a downtrend from 2013 (trend line not drawn).  The longer a trend is in force, the more you should pay attention when it is broken. 

In this daily Point and Figure chart of IBM, below, we can see the upside breakout and a price target in the $186 area. 

In this second Point and Figure chart of IBM, below, we see the software is projecting a price target in the $220 area. 

Bottom line strategy: Has the IBM train left the station? A little bit. Traders should be patient buyers and see if we can get a dip or pullback into the $145/$140 area so we can risk to $135.

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Wed, 30 Nov 2022 00:32:00 -0600 BRUCE KAMICH en text/html https://realmoney.thestreet.com/investing/stocks/can-ibm-s-upside-breakout-continue--16109795
Killexams : IBM puts new focus on sustainability

IBM Thailand, a local operating unit of the global technology firm, has emphasised the importance of sustainability among businesses that can be powered by hybrid cloud and artificial intelligence (AI) for growth.

"We are now in the era of sustainable business that can be underpinned by AI and hybrid cloud," Sawat Asdaron, managing director of IBM Thailand, said at an event to mark the local unit's 70th anniversary.

There are three pillars that can support sustainable business, he said.

The first lies in various technologies that can help businesses reduce pain points, such as hybrid cloud, AI, blockchain, quantum computing and cybersecurity. These technologies can help businesses become more automated and transform into data-driven predictive outcome organisations.

The second involves ecosystem partnerships, where businesses can drive their sustainable growth and leverage innovation provided by global partners.

The third pillar concerns talent and workforce. Mr Sawat said IBM is committed to its plan to provide 30 million people globally with new skills by 2030.

IBM Thailand has worked with various educational institutes in Thailand to enhance people's skills, which can help create job opportunities, narrow the digital skills gap and cultivate a new young workforce, he said.

The company attaches great importance to sustainability, said Mr Sawat. IBM aims to achieve net-zero greenhouse gas emissions by 2030.

"Sustainability is the future of IBM and S-curve businesses," he said.

"We also see opportunities for technology to help customers achieve their sustainability goal."

Citing an annual study by IBM, which surveyed more than 3,000 chief executives worldwide, Mr Sawat said nearly half of them rank sustainability as a top priority for their organisations, an increase of 37% from 2021.

However, more than half (51%) also cite sustainability as one of their greatest challenges over the next 2-3 years, alongside lack of data insights, unclear returns on investment, and technology barriers.

Some 95% of chief executives report being at least in the pilot stage of implementing their sustainability strategy, while under a quarter (23%) say they are implementing their sustainability strategy across their entire organisation.

IBM last year completed the separation of its managed infrastructure services business to Kyndryl, said Surarit Wuwong, technology leader at IBM Thailand.

The company has two core businesses, consisting of IBM consulting and IBM technology.

"We increased our resource client engineers and customer success managers to support our customers," Mr Surarit said. "We will drive support of hybrid cloud and AI, working with customers and partners to build innovation. We will continue to invest in R&D and strategic acquisitions."

The use of hybrid cloud and AI will drive the speed of project delivery to days or hours, instead of years or months, he said.

Some 80% of large enterprises have already deployed hybrid cloud, said Mr Surarit.

AI can serve businesses in many areas, such as supporting automated workflows and maximising insight from a large volume of data, he said.

According to IBM's Global AI Adoption Index 2022 survey, which gauged the opinions of 7,502 senior management respondents, 35% of the companies leverage AI in their business, up from 13% in 2021.

Mr Surarit said over the past seven decades, IBM Thailand has played a part in supporting millions of financial transactions, developing various national platforms, enabling AI intelligent power, building future talent and providing sustainability-linked technology.

Wed, 30 Nov 2022 14:00:00 -0600 en text/html https://www.bangkokpost.com/tech/2450402/ibm-puts-new-focus-on-sustainability
Killexams : IBM Cloud Supply Chain Vulnerability Showcases New Threat Class

A vulnerability in IBM Cloud databases for PostgreSQL could have allowed attackers to launch a supply chain attack on cloud customers by breaching internal IBM Cloud services and disrupting the hosted system's internal image-building process.

Security researchers from Wiz discovered the flaw, which they dubbed "Hell's Keychain." It included a chain of three exposed secrets paired with overly permissive network access to internal build servers, the researchers revealed in a blog post published Dec. 1. 

While now patched, the vulnerability is significant in that it represents a rare supply-chain attack vector impacting the infrastructure of a cloud service provider (CSP), Wiz CTO Ami Luttwak tells Dark Reading. The discovery also uncovers a class of PostgreSQL vulnerabilities affecting most cloud vendors, including Microsoft Azure and Google Cloud Platform.

"This is a first-of-a-kind supply-chain attack vector, showing how attackers might be able to leverage mistakes in the build process to take over the entire cloud environment," he says.

Specifically, researchers uncovered "major risk caused by improper sanitation of build secrets from container images, allowing for an attacker to gain write access to the central container image repository," Luttwak says. This would have allowed the actor to run malicious code in customers’ environments and modify the data stored in the database.

"Modifications to the PostgreSQL engine effectively introduced new vulnerabilities to the service," the researchers wrote in their post. "These vulnerabilities could have been exploited by a malicious actor as part of an extensive exploit chain culminating in a supply-chain attack on the platform."

As mentioned, the ability to use PostgreSQL to breach IBM Cloud is not unique to the service provider, researchers said. Wiz already has found similar vulnerabilities in other CSP environments, which they plan to disclose soon and which highlight a broader issue of cloud misconfigurations that pose a supply chain threat to enterprise customers.

The existence of the flaw also highlights how improper management of secrets — or long-lived authentication tokens for cloud APIs or other enterprise systems — can impose a high risk of unwanted intrusion by attackers on an organization using a cloud provider, Luttwak says.

"Finding and utilizing exposed secrets is the No. 1 method for lateral movement in cloud environments," he says.

For now, the researchers said they worked with IBM to remedy the issue in IBM Cloud and no customer mitigation action is required.

Uncovering the Chain

Researchers were doing a typical audit of IBM Cloud's PostgreSQL-as-a-service to find out if they could escalate privileges to become a "superuser," which would allow them to execute arbitrary code on the underlying virtual machine and continue challenging internal security boundaries from there.

Based on their experience, they said the ability to carry out a supply chain attack on a CSP lies in two key factors: the forbidden link and the keychain.

"The forbidden link represents network access — specifically, it is the link between a production environment and its build environment," the researchers wrote. "The keychain, on the other hand, symbolizes the collection of one or more scattered secrets the attacker finds throughout the target environment."

On its own, either scenario is "unhygienic," but not critically dangerous. However, "they form a fatal compound when combined," the researchers said.

Hell’s Keychain held three specific secrets: a Kubernetes service account token, a private container registry password, and continuous integration and delivery (CI/CD) server credentials.

Combining this chain with the so-called forbidden link between Wiz's personal PostgreSQL instance and IBM Cloud databases’ build environment allowed researchers to enter IBM Cloud’s internal build servers and manipulate their artifacts, the researchers said.

Implications for Cloud Security

The scenario presented in Hell's Keychain represents a broader problem within the cloud security community that demands attention and remediation, the researchers said. To wit: scattered plaintext credentials that are found across cloud environments that impose a huge risk on an organization, impairing service integrity and tenant isolation, they said.

For this reason, secret scanning at all stages of the pipeline is crucial, including in CI/CD, code repo, container registries, and within the cloud, Luttwak says.

"Furthermore, lockdown of privileged credentials to the container registry is crucial, as these credentials are often overlooked but are actually the keys to the kingdom," he adds.

CSP customers also should consider image signing verification via admission controllers to ensure these sort of attacks are prevented entirely, Luttwak says.

Hell's Keychain also highlights a common misconfiguration in the use of the popular Kubernetes API for container management within the cloud — pod access, ''which can lead to unrestricted container registry exposure," he says.

Another best practice the researchers recommend is any organization — CSP or otherwise — deploying a cloud environment can take is to impose strict network controls between the Internet-facing environment and the organization's internal network in the production environment, so attackers can't gain a deeper foothold and maintain persistence if they do manage to breach it.

Thu, 01 Dec 2022 04:18:00 -0600 en text/html https://www.darkreading.com/cloud/ibm-cloud-supply-chain-vulnerability-showcases-new-threat-class
Killexams : IBM unveils its 433 qubit Osprey quantum computer

IBM wants to scale up its quantum computers to over 4,000 qubits by 2025 — but we’re not quite there yet. For now, we have to make do with significantly smaller systems and today, IBM announced the launch of its Osprey quantum processor, which features 433 qubits, up from the 127 qubits of its 2021 Eagle processor. And with that, the slow but steady march toward a quantum processor with real-world applications continues.

“The new 433 qubit ‘Osprey’ processor brings us a step closer to the point where quantum computers will be used to tackle previously unsolvable problems,” said Darío Gil, senior vice president, IBM and director of Research. “We are continuously scaling up and advancing our quantum technology across hardware, software and classical integration to meet the biggest challenges of our time, in conjunction with our partners and clients worldwide. This work will prove foundational for the coming era of quantum-centric supercomputing.”

Image Credits: IBM

IBM’s quantum roadmap includes two additional stages — the 1,121-qubit Condor and 1,386-qubit Flamingo processors in 2023 and 2024 — before it plans to hit the 4,000-qubit stage with its Kookaburra processor in 2025. So far, the company has generally been able to make this roadmap work, but the number of qubits in a quantum processor is obviously only one part of a very large and complex puzzle, with longer coherence times and reduced noise being just as important.

Ideally, that’s something developers who want to work with these machines wouldn’t have to worry about, so increasingly, the tools they use are abstracting the hardware away for them. With the new version of its Qiskit Runtime, for example, developers can now trade speed for reduced error count.

The company also today detailed its Quantum System Two — basically IBM’s quantum mainframe — which will be able to house multiple quantum processors and integrate them into a single system with high-speed communication links. The idea here is to launch this system by the end of 2023.

Image Credits: IBM

Wed, 09 Nov 2022 00:20:00 -0600 en-US text/html https://techcrunch.com/2022/11/09/ibm-unveils-its-433-qubit-osprey-quantum-computer/
Killexams : IBM makes more software products available via AWS Marketplace

IBM Corp. today announced that it’s making more products from its software portfolio available through Amazon Web Services Inc.’s AWS Marketplace.

AWS Marketplace provides access to a catalog of software products from the cloud giant’s partners. Companies can install the products in their AWS environments with less effort than the task would otherwise require. Additionally, companies have access to other offerings besides software, including consulting services and datasets.

IBM in May partnered with AWS to bring more of its applications to the AWS Marketplace. As part of the partnership, IBM has made more than 50 software products available to AWS Marketplace users. Today, the company announced that it will enable customers to purchase four more of its applications through the AWS Marketplace with software-as-a-service pricing. 

The four offerings are IBM Envizi ESG Suite, IBM Planning Analytics with Watson, IBM Content Services and IBM App Connect Enterprise. They’re available under a software-as-a-service pricing model, which means that software and infrastructure fees are bundled into a single price. 

Envizi ESG Suite, the first of the four products that IBM is bringing to the AWS Marketplace, helps companies measure the performance of their environmental, social and governance initiatives. IBM says that the software can collect more than 500 types of data about a company’s ESG initiatives. It visualizes the data in dashboards to ease analysis. 

Planning Analytics with Watson, the second offering that IBM is making available via the AWS Marketplace, is a business planning application. It enables companies to track key metrics such as revenue and forecast how those metrics are likely to change in the future. According to IBM, executives can use the data provided by the application to inform their business decisions.

IBM Content Services, in turn, is a set of tools for managing business content such as documents. It stores files in a centralized repository that users can navigate with the help of a search bar. According to IBM, a built-in data governance tool enables companies to regulate how users access important business records. 

The fourth product IBM is making available on a software-as-a-service basis through the AWS Marketplace is IBM App Connect Enterprise. It’s a platform for building integrations that allow applications to share data with one another. A retailer, for example, could use the platform to build an integration that syncs sales data from its store management software to a revenue forecasting application.

Alongside the four software products, IBM is bringing its IBM Z and Cloud Modernization Stack to the AWS Marketplace. The latter offering is designed to help companies modernize mainframe applications. The offering also eases a number of related tasks, such as sending data from a mainframe workload to an application deployed on AWS.

IBM’s software portfolio wasn’t the only focus of the updates the company announced today. The company also debuted a new consulting offering, IBM Consulting Platform Services on AWS, that promises to help enterprises more easily manage their cloud applications. IBM stated that it will use software with artificial intelligence to carry out certain maintenance tasks.

IBM’s new consulting offering and software updates made their debut today at AWS re:Invent 2022 in Las Vegas. During the event, the company also announced enhancements to its partner strategy.

Companies can now buy IBM software products that are listed on the AWS Marketplace from IBM resellers and use AWS committed spend to finance such purchases. Committed spend is the term for a budget that a company has allocated in advance to its AWS environment. Third-party software makers, in turn, can now more easily embed IBM software into their products as well as receive access to technical assistance, sales support and funding from the company.

Photo: IBM

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Wed, 30 Nov 2022 15:31:00 -0600 en-US text/html https://siliconangle.com/2022/11/30/ibm-makes-software-products-available-via-aws-marketplace/
Killexams : IBM to step up investment in Taiwan

IBM plans to establish a new service center in southern Taiwan and beef up its total workforce in the country next year, according to industry sources.

The service center will be established in the southern city of Kaohsiung and will include an initial hiring wave of 200 employees in 2023, which will increase to 1,000 in five years. Hiring will focus on laborers and management positions. IBM Taiwan said it is optimistic about the long-term demand for enterprise digital transformation in Taiwan. Once proposed, the expansion plan was approved by the US headquarters in half a year.

The recruitment plan is expected to be the largest IBM has carried out in Taiwan in the last decade. Kaohsiung was selected for the new center in hopes of recruiting talent in Taiwan's south and expanding its connections with industries in the south.

Rick Wen, digital transformation leader at Deloitte, noted that the demand for digital transformation in various industries in Taiwan is strong, but companies lack software development talent.

Wen believes that in addition to increasing business, IBM's establishment in Kaohsiung will also reduce costs.

Sources pointed out that COVID-19 accelerated the pace of digital transformation among Taiwanese companies, increasing the demand for cloud access, ESG governance, and information security protection.

Although IBM provides its own IBM Cloud service, its consulting department still works with major cloud service providers, such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud.

IBM's financial report divides its business into three major blocks: software, consulting, and infrastructure. According to the third-quarter 2022 financial report from IBM's headquarters, revenue totaled US$14.1 billion for an on-year increase of 6%. Revenue from software reached US$5.8 billion for a growth of 7.5%; consulting revenue reached US$4.7 billion for a 5.4% growth; and infrastructure revenue reached US$3.4 billion for a growth of 14%, mainly attributed to the next-gen mainframe IBM z16 that launched in April 2022.

IBM acquired open-source software company Red Hat in 2019 for US$34 billion, which was regarded as a key move in the hybrid multi-cloud market layout. IBM CEO Arvind Krishna was a major proponent of the acquisition. After becoming CEO in 2020, Krishna made hybrid cloud and AI technology IBM's core strategies.

Mon, 28 Nov 2022 12:53:00 -0600 en text/html https://www.digitimes.com/news/a20221128PD214/ibm-taiwan.html
Killexams : AWS-IBM Enhance ‘Remarkable’ Partnership At AWS re:Invent

Cloud News

Mark Haranas

‘It just really shows how IBM sees the value of working with AWS for our joint customers. And absolutely, AWS sees the value of working with IBM and taking these important solutions and putting them in the cloud to support our customers transformations,’ AWS’ global channel chief Ruba Borno tells CRN.

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Amazon Web Services and IBM are doubling down on their strategic partnership by launching a new set of capabilities and SaaS offerings on AWS and the AWS Marketplace that hundreds-of-thousands of AWS and IBM partners can take advantage of today.

“This AWS-IBM strategic agreement creates an enormous amount of opportunities for partners like us to think differently about how customers can run on AWS,” said Justin Copie, CEO of Innovative Solutions. “We’ve never seen anything like it before.”

Earlier this year, IBM and AWS formed a strategic collaboration agreement to eventually make available dozens of IBM’s bestselling software products on AWS, including IBM API Connect, IBM Db2, IBM Maximo Application Suite, IBM Security Verify, and IBM Watson Orchestrate.

At AWS re:Invent 2022 today, IBM added IBM Envizi ESG Suite, IBM Planning Analytics with Watson, IBM Content Services and IBM App Connect Enterprise running as-a-service on AWS that both IBM and AWS partners can sell on the AWS Marketplace.

[Related: Adam Selipsky: Why Partners Should Pick AWS Vs. Cloud Rivals]

IBM’s Kate Woolley On AWS Partnership

These new additions offer AWS and IBM partners enhanced data, planning and analytics for use across industries to address customer challenges—from sustainability to financial planning, said IBM’s channel chief Kate Woolley.

“As we think about where we want to meet our clients and where we’re going to add the most value to them, we want to really lean into this AWS relationship,” Woolley told CRN.

“As we put more SaaS products and more software products onto the AWS Marketplace, it’s also about where our clients want to buy and where they want to consume their products,” said Woolley. “That’s also why, as we evolved how our resellers can also use the AWS Marketplace, it’s all about meeting our clients where they want and how they want to buy. We want to continue to evolve this partnership to be around our clients and what they need.”

At AWS re:Invent 2022 today, IBM and AWS also expanded these offering to independent software vendors (ISVs) who for the first time can now obtain IBM software from the AWS Marketplace with the same benefits they have always received as IBM partners.

One key to the partnership is that customers can use their cloud commitment spending with AWS on IBM products.

“Now with the AWS Marketplace, our resell partners are able to take their clients committed spend with AWS against the IBM products that are with the AWS Marketplace,” Woolley said.

‘Remarkable’ IBM, Red Hat And AWS Opportunity

Innovative Solutions CEO Copie said customers now have the ability to modernize their infrastructure using best-in-class software from IBM and Red Hat, while leveraging best-in-class cloud infrastructure from AWS.

“It’s remarkable to see the trifecta of IBM, AWS and Innovative be able to deliver these customer outcomes together in ways that were never before possible,” said Copie.

For example, through the relationship between Innovative Solutions and IBM, Copie said his West Henrietta, N.Y.-based company will now be an able to help customers modernize and secure their software and infrastructure on AWS using solutions from Red Hat and IBM.

“This has never been done before and we are excited to be the first solution integrator to do so,” said Copie. “IBM has always been a leader in enterprise software, and with our experience working with small to midsized businesses, we can now bring the power of both IBM and AWS together—everyone wins.”

AWS Channel Chief On IBM Partnership ‘Speed’

AWS Worldwide Channel Chief Ruba Borno said she’s “excited” about “the speed that we are operating and working on together as a team” with IBM.

“It just really shows how IBM sees the value of working with AWS for our joint customers,” said Borno, vice president of worldwide channel and alliances. “And absolutely, AWS sees the value of working with IBM and taking these important solutions and putting them in the cloud to support our customers transformations.”

Borno said the two technology giants are already working on joint go-to-market and joint account planning across multiple verticals and use cases.

For Copie, Innovative Solutions is full steam ahead with IBM and AWS.

“We couldn’t be more thrilled to see Ruba Borno and Kate Woolley listening to both partners and customers, and taking immediate action to enable this level of collaboration,” said Copie. “I’ve never seen anything like it in my 20-plus years in the industry.”

Mark Haranas

Mark Haranas is an assistant news editor and longtime journalist now covering cloud, multicloud, software, SaaS and channel partners at CRN. He speaks with world-renown CEOs and IT experts as well as covering breaking news and live events while also managing several CRN reporters. He can be reached at mharanas@thechannelcompany.com.

Wed, 30 Nov 2022 04:00:00 -0600 en text/html https://www.crn.com/news/cloud/aws-ibm-enhance-remarkable-partnership-at-aws-re-invent
Killexams : Blockchain-based supply chain platform canned by IBM and Maersk

United States technology company IBM and Danish logistics firm Maersk have decided to discontinue their co-developed blockchain-backed supply chain platform, TradeLens, citing a lack of “global industry collaboration” as a key reason behind the decision.

Maersk stated on Nov. 29 that it has begun taking immediate action to cease operations on the platform, which should take full effect by Q1 2023:

“The TradeLens team is taking action to withdraw the offerings and discontinue the platform [...] During this process all parties involved will ensure that customers are attended to without disruptions to their businesses.”

While the blockchain-based shipping solution was introduced by the two firms in August 2018 to help industry participants adopt more efficient international supply chain practices, Maersk stated the platform didn’t reach a level of “commercial viability” to sustain operations:

“While we successfully developed a viable platform, the need for full global industry collaboration has not been achieved," said Maersk’s head of business platforms, Rotem Hershko. “As a result, TradeLens has not reached the level of commercial viability necessary to continue work and meet the financial expectations as an independent business.”

Maersk said the firm would continue its efforts to digitize the supply chain and increase industry innovation through alternative solutions to achieve the desired ends that were envisioned through TradeLens.

TradeLens functioned by tracking and processing critical supply chain data of each shipment in real-time, before stamping a distributed and immutable record of events on-chain for all involved participants to access and validate.

Related: How blockchain technology is used in supply chain management?

Despite TradeLens not reaching the heights that IBM and Maersk first envisioned, the two companies managed to onboard over 150 companies onto the supply chain-focused blockchain, which included a host of port operators, shipping companies and logistics providers.

Among those companies were two of the world’s largest container carriers, CMA CGM and Mediterranean Shipping Company, which integrated the system in October 2020.

The discontinuation of TradeLens comes as data from IBM claims the platform saved users an estimated 20% in documentation costs and reduced the time it takes to ship goods by 40%.

According to Statista, blockchain technology makes keeping data records easier, more transparent, and more secure mostly due to its immutable nature.

Despite this, several shortcomings continue to stall blockchain adoption in the supply chain world, including high transaction costs, privacy concerns, scalability issues and lack of industry collaboration, as evidenced by the lagging adoption of TradeLens.