Phunware Inc. announced that it is one of the 10 companies selected by IBM (NYSE: IBM) for its new IBM Blockchain Accelerator. Part of the Columbia-IBM Center for Blockchain and Data Transparency, the accelerator is designed to provide enterprise companies with access to the assets, knowledge and support they need to build sustainable blockchain businesses and enterprise-grade blockchain networks. The IBM Blockchain Accelerator is an invite-only program requiring nominations from investors, customers and IBM representatives and is focused on collaborating with established, high-growth companies to develop category-defining enterprise blockchain networks. Phunware recently launched PhunCoin, its innovative security token designed to reimagine enterprise loyalty programs and promote data transparency. Phunware intends to use PhunCoin to transform the relationship between brands and consumers by providing individuals the opportunity to earn PhunCoin in return for their engagement, while also providing companies the opportunity to build a more transparent, authentic and engaged relationship with their audiences.