IBM Looks at New Virtual Transactions Methods

"IBM aims to invest the majority of its research and development dollar into building software that can link traditional transaction systems to modern interfaces, for example, releasing automatic teller machines that link to banks in virtual worlds such as Second Life,"  said SVP Steve Mills. Of course, IBM also has its eyes on its own platform, Metaverse, so Second Life is likely only one application. The Smart Bank Application simulates high-volume banking environments and links virtual ATMs to real-time authorization from a core banking system over the Web. The ComputerWeekly article highlights three purchases that build into IBM's transaction strategy. The company announced plans to purchase Princeton Softech to give users cheaper storage and greater access to historical data; in July it bought Data Mirror, a package that allows real-time transfer and identification of data; and in June it bought Telelogic to help users develop industry-specific software.

Comments

[greuel]

I believe the author meant to refer to their internal platform as "Metaverse". The name "Multiverse" is of a completely different company.

[Joey Seiler]

Correct. Thanks for the catch.