IBM will connect its Watson IoT platform with Visa's token technology to allow devices to conduct commerce on your behalf. The move may enable new business models.
IBM and Visa envision a world where things will be trusted to conduct commerce for you. Welcome to the intersection of the Internet of things and commerce.
Visa and IBM are forming a partnership that will connect the credit card company's token technology and the Watson IoT platform. While this partnership isn't yielding customer facing technology yet, both companies see new business models emerging. Visa powers 60 percent of the world's payments.