The new technology is intended to protect systems from emerging techniques to crack current ciphers. These types of innovations, and quantum computing in general, are a challenge for cryptographic systems such as cryptocurrencies.
JPMorgan NYSE:JPM Unveils Research on a Quantum Resistant Blockchain Network
IBM Company NYSE:IBM introduced the IBM z16, a new system with an on chip AI accelerator, offering latency optimized inference.
It is used by almost every major bank in the world, by 8 of the top 10 insurers, 7 of the top 10 retailers, and 8 of the top 10 telecommunications companies. For example, IBM zSystems executes 70% of global transactions, on a value basis.
The modern enterprise mainframe - high performance servers is central to hybrid public and private cloud environments as it enables the most critical workloads to run.
According to company data, credit card fraud is the most common type among consumers. But running deep learning models at scale in real time hasn't been possible due to latency issues, which means fraud detection models are only run on less than 10% of high-volume transactions, so a significant amount of fraud goes undetected.
Financial institutions around the world are struggling with the impacts of fraudulent activities by malicious actors.
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