Wandisco Share Discussion Threads

[knighttokingprawn] 25/7/2018 07:21

It means that the IBM relationship isn’t hitting the road ... could get messy I think

[owenski] 25/7/2018 07:21

'Confident' means hoped for and not actual.

In line - would've expected an 'ahead of' given the expected growth and partnership deals.

[nimbo1] 25/7/2018 07:14

Like the blockchain thing but want above expectations...in line means what exactly? Not sure

[tickboo] 25/7/2018 07:12

You called it! Still I'm sure there'll be a lot of interest and this will make some money albeit in the medium term.Inline with expectations, let's hope the upper end, H2 should be better than H1 so crack on.

[runthejoules] 25/7/2018 07:11

'in line'... hopefully that will stop the rot but just what are their expectations of market expectations? And can anyone translate the rest of it into English please? Ta x

[knighttokingprawn] 25/7/2018 07:07

;-( bloody Blockchain...

Nice but we need some meat on this skeleton... numbers numbers numbers ...

[nimrod22] 25/7/2018 07:05

WANDisco ahead of the curve again.......

[tickboo] 24/7/2018 20:35

Yep, tomorrow or Thurs but ideally tomorrow.

[knighttokingprawn] 24/7/2018 20:16

Hope it is tomorrow.. Friday Updates are usually miserable reading ...

[tickboo] 24/7/2018 18:44

I hope the figures are decent. Perhaps the reason we're not getting contract RNSs is due to IBM, Microsoft, Alibaba et al not wanting them announced or even just one of the partners not wanting to be seemingly upstaged. Sounds a little far fetched but who knows. I'd be surprised if IBM wasn't still producing decent bookings and I've no doubt Microsoft have done well from what Richards said in the pres (one of their clients avoided moving to Azure due to outage and has now made the move, sounds big enough, deal-wise!) and Alibaba will do so from H2. Surely the update will be at 7 tomo.

[knighttokingprawn] 24/7/2018 16:38

SBT thats true and Aws trumps all of them and Baba is the fastest growing cloud play and Goog is going after the enterprise .. but wand trades at 20x plus it’s current revenue and it has one big important established customer that has yet to give them enough visibility to allow for quarterly updates ...

[superbobtaylor] 24/7/2018 16:27

MSft blow IBM out of the water when it comes to cloud.

SBT

[tickboo] 24/7/2018 15:28

Agreed they need to illustrate the established partnerships are working. It is more likely, depending on the update, we'll be a fair whack lower or higher. I can't see it staying here after the update.

[knighttokingprawn] 24/7/2018 13:51

Lack of news flow and a sense that softlayer business is going nowhere relative to competition ... I just find it hard to believe that if we were doing decent deals we wouldn’t be annnouncing them .. also irrespective I think we both agree that any other partnership is interesting .. but completely irrelevant to the next move in the stock ... I want to see them executing on current relationship ...

[vanadiumx] 24/7/2018 13:42

KTKP - totally agree. I really would not like to see anything on Blockchain unless it is tangible and immediately monetisable (ie securing exchanges). I was disheartened when I even saw mention of it in the January RNS as it could be chasing rainbows. I cannot see why IBM and Wandisco partnership would not be working out wonderfully to the advantage of both. You seem to have some doubts about this. May I ask why? Is it just the lack of news flow?

[toyin] 24/7/2018 13:36

Don't know if this has already been posted, apologies if it has!


IBM is exploring whether a cryptocurrency pegged to the U.S. dollar may be a better option for making payments than other digital currencies, which tend to be volatile.

The computing giant is already a pioneer in business applications for blockchain, using the digital ledger technology that underpins Bitcoin to help companies track their supply chains as well as to make international payments more efficient.

For such payments, IBM currently uses a cryptocurrency known as Stellar Lumens as a conduit. Now, IBM will also begin testing a so-called stablecoin, or “crypto dollar,” that runs on the Stellar blockchain network. The stablecoin is called Stronghold USD, after the fintech startup Stronghold that is behind the project.

“There’s this tremendous opportunity to make blockchain payments feasible, especially for cross-border,” says Bridget van Kralingen, IBM’s senior vice president of global industries, platforms and blockchain. “What is great about this is they are just basically digital dollars—digital fiat currency.”

That may help cut down on the foreign exchange costs associated with making cross-border blockchain payments, which until now have required conversion from one government-issued, or fiat, currency—say the U.S. dollar—to the Stellar Lumens cryptocurrency, and back into another fiat currency, such as Mexican pesos. Using a stablecoin as a proxy for the fiat currency could reduce the risk of getting a worse exchange rate when the money is converted back into fiat currency, says van Kralingen, as the prices of digital currencies like Stellar Lumens as well as Bitcoin can often swing wildly.

“We believe this experimentation with stablecoins can play a very big role in improving costs,” she adds. While IBM is currently only working with the Stronghold USD stablecoin, it is interested in potentially using similar digital versions of other countries’ legal tender. “I think if it can be done with the U.S. dollar, it can be done with almost any currency,” says van Kralingen.

Stablecoins have become one of the biggest trends in cryptocurrency. Tether, the most widely used dollar-backed coin, now accounts for more Bitcoin trading volume than the U.S. dollar. A slew of other companies are also developing their own versions of a $1 coin, including Circle, TrustToken, and Basis.

While most other stablecoins are built atop the blockchain systems of Bitcoin and Ethereum, Stronghold USD, which is federally insured by the bank Prime Trust, is one of only two new U.S. dollar-pegged stablecoins to run on the Stellar network. That should allow Stronghold USD to process hundreds of transactions per second, far more than other blockchains can handle, with Bitcoin limited to an estimated average of just seven transactions per second, van Kralingen says.

Already, she adds, central banks are showing interest in using digital versions of government currencies; stablecoins could potentially pave the way for a “Fed Coin,” as well as greater usage of cryptocurrency by banks in general. “I think in the future you’ll see more,” van Kralingen says. “The way you’d settle FX today with Citi—I think you could do that with a stablecoin in the future.”

IBM also announced Tuesday that it is investing in a new academic partnership with Columbia University to accelerate startups and innovation in the field of blockchain technology. The Columbia-IBM Center for Blockchain and Data Transparency represents the first time the university has adopted the name of a private sector company for one of its institutions.

This article has been updated to clarify that Stronghold USD is one of two U.S. dollar-pegged stablecoins running on the Stellar blockchain.

[tickboo] 24/7/2018 13:25

I hope the fact we haven't seen any IBM RNS wins is because they've had a significant number of smaller ones rather than fewer large ones. Richards banged on about IBM's 5000 sales staff who are incentivised to sell IBM replicate so I doubt it's dying a death. We should find out tomorrow!

[knighttokingprawn] 24/7/2018 13:20

I would guess 100 pct not.. the guys been there 6 months...

I hope ceo is smart enough to keep a lid on the “product”; until he has shown he can execute on the opportunity currently in front of him..

I think investors don’t like stories that don’t have a happy ending... ie IBM actually is the only story that will be judged on .. I keep coming back to this because it will either validate or not their decision to go partner OEM model... if it hasn’t been an obvious blowout and all they want to talk about is their “new” relationship MSFT and or Blockchain the stock is going to £5 in a heart beat .. trust me on that one..

[tickboo] 24/7/2018 13:11

I wouldn't think that's what they'd be collaborating with Microsoft on but you never know.

[knighttokingprawn] 24/7/2018 13:08

Let’s hope that Blockchain isn’t his big reveal

[tickboo] 24/7/2018 10:38

I saw that too but that's not the first time he has mentioned blockchain so I agree we should see some NPD there in the not too distant. Given wand tech will be embedded in Alibaba products re cloud and it is their fastest area of growth FY19 figures should be massive in comparison. Hoping H2 is well over double the same period last year.

[vanadiumx] 24/7/2018 10:30

There was a cryptic tweet from David Richards regarding the "Blockchain debate" recently - and apparently "Wandisco will have a lot to say".After the hire of Ramki Thurimella as VP of research back in January, it will be interesting to see what they have to say. The elephant in the room as far as cryptocurrencies is concerned is lack of security/hacking. Does WAND have some solutions to announce?

[tickboo] 24/7/2018 10:11

I bought 1,525 at an average of 10.45 over the last few weeks so hoping we can move nearer to that!Won't touch my core pot and in actual fact will keep as many as I can and hopefully keep until end of Jan when H2 update will be in. Depends on another plc as I'll need to sell some. CEO mentioned new products with Microsoft being launched so the addressable market gets bigger and bigger.