The IBM Blockchain Accelerator program has selected Securitize to join them as they strive to improve on a portion of corporate debt market with blockchain technology.

Securitize, an asset and security token issuance platform that operates with blockchain technology, hopes to help IBM manage the large corporate debt market. The debt currently stands at $82 trillion.

IBM also selected a few others to join the program. According to David Post – managing director of IBM Blockchain Ventures, the selection was made based on the promise shown by the various platforms.

He said:

“As the leader in enterprise blockchain, IBM is proud to welcome Securitize and nine others to the inaugural IBM Blockchain Accelerator program. The participants have been chosen for their promising use cases and dedication to building scalable blockchain networks that have the power to transform existing business processes.”

Speaking optimistically, Carlos Domingo – Founder and CEO of Securitize said,

“Taking something complex and expensive to issue and manage like debt and moving it to the blockchain makes sense. Smart contracts are built to do just this. Our platform and protocol solution is better than what exists today, and is another step in the modernization of financial markets.”

The new platform is expected to be a lot more viable and effective than the already existing methods because it is more effective with time and cost.

Securitize plans to use automation to ensure a more modern solution for debt structures that, hopefully, will eventually be adopted by the entire finance industry. It is also expected that even though it will be an improved operational model, it will also be very simple to use and administer, without compromising its transparency.

Securitize hopes to firmly run all technical parts involved and also roll out the product to as many as are interested. In the near future, implementation would be a bit more widespread as the company plans to expand its adoption.

The digital securities protocol developed by Securitize is already the backbone of more than a few players in the sector including Blockchain Capital and Aspencoin.

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