According to the Wall Street Journal, the International Business Machines Corp. (IBM) plans on launching one of the largest commercial use cases of blockchain technology this September. The company believes it can relieve millions associated with dispute costs and holding periods between clientele.

IBM Global’s Jerry Cuomo, vice president of blockchain technologies, said the new blockchain-based internal dispute resolution software could save partners $100 million in tied up capital due to disputes. By removing third party arbitration, it will relieve its financing unit from hassles involved with disputes including paperwork, suspended transactions, and unit deals between partners.

https://news.bitcoin.com/ibm-commercial-blockchain-september/