Quote from: Ezekial2517 on August 02, 2016, 04:57:29 PM

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.

We should see what they come up with, but between the lines I can feel they going to use some internal dispute resolution system, which seems to be basically their arbitration although they say they removing such third party arbitration. If they told they going to use only crypto mathematical rules mantained by independend proof of work network instead, any third party arbitration or moderation wont be neccesary anymore, but then they would have a trusted blockchain solution, basicaly Bitcoin.

If Im right they come up with such privately controlled and moderated blockchain, I have feeling only banks might be interested in such IBM controlled blockchain moderating the disputes with their opinion, but those who preffer to follow exactly crypto mathematical rules to mantain the complete integrity of the ledger, going to use the most trustworthy blockchain instead, the Bitcoin.