"Block chains require teamwork, our customers are ready to work with Facebook, and we are ready to work with all our customers and integrate them," Kelly said.
Kelly believes that companies such as Facebook will help bring more legitimacy to blockchain technology. At present, IBM and other companies have adopted the principles behind digital encryption currencies such as Bitcoin to create their own blockchain solutions to organize data in distributed networks of computers. Both banking and supply chain management will provide greater transparency.
As part of its expansion of the digital payment business, Facebook released a digital encrypted currency called Libra in June. Libra plans to launch it next year and is expected to provide digital trading and payment services to billions of potential users.
At present, the Libra Association has the first 27 founding members, including MasterCard (Mastercard), PayPal,Visa, Vodafone, eBay,Lyft,Spotify and Uber. Today, Kelly did not say whether IBM intended to join the Libra Association.
Libra has not yet been officially launched, but since Facebook launched Libra, concerns have arisen among central banks, finance ministers, legislators and privacy agencies, including money laundering, terrorist financing and financial stability.