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IBM’s Bluemix Garage to Spearhead Blockchain and Fintech

IBM (NYSE: IBM) has just announced the launch of its IBM Bluemix Garage in New York City, with the goal to prosper the global development population. The company has its sights set on cloud developers, fintech, Internet of Things (IoT), blockchain and a broad range of the emerging tech coming to play in the world.

The tech garage in SoHo, New York City will be aimed to expand financial technology, distributed ledger applications and a vast array of technical innovations says IBM. According to Evans Data Corp., the worldwide developer population is set to reach 25 million by 2020. With the help of using Bluemix Garages to tap into IBM resources, the company says users will be able to advance “cloud APIs around cognitive, Internet of Things, unstructured data, social media and more to swiftly build and launch innovations.” IBM says developers working within the tech garage will be able to accelerate distributed ledger technology a phenomenon that is being embraced by financial markets and more.

The NY location is one of the newest efforts to join the network of Bluemix Garages located worldwide which include San Francisco, London, Toronto, Nice, Tokyo, and Singapore. More IBM Bluemix Garages are planned for the second half of 2016. The Tokyo location is where Mizuho Financial Group is exploring distributed ledger technology research and development with IBM resources. The garage will be located on the newly launched campus operated by the firm Galvanize. The company is a service that helps produce developers, data scientists, and the creation of tech startups. Jim Deters, co-founder, and CEO of Galvanize explained in the announcement:

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