Author: Reuben Jackson / Source: Big Think
- With everyone from Google, to Amazon, to Long Island Iced Tea dipping their toes into blockchain recently, it’s hardly surprising that IBM has decided to jump on the bandwagon – and on a huge scale.
- IBM stands to gain a significant amount by getting in on the action early. There’s a reason why blockchain is gaining popularity so quickly. Its potential to improve business efficiency across a huge range of industries is huge.
- If they play their cards right and learn from their mistakes from Watson, IBM will have a significant advantage over its competitors across the blockchain industry in the long-term.
Since IBM was established back in 1911 in New York City, it has developed into a huge multinational corporation. Today, it is known all over the world for its quality computer hardware, middleware, and software.
With everyone from Google, to Amazon, to Long Island Iced Tea dipping their toes into blockchain recently, it’s hardly surprising that IBM has decided to jump on the bandwagon – and on a huge scale.
IBM currently has 1,500 employees working on over 500 blockchain projects in a wide range of different industries – including shipping, banking, healthcare, and food safety.
Over the past few months, the company has even managed to form new partnerships with the likes of Columbia University as a means of advancing the development of the technology and coming up with even more ways it can be used.
Following many controversial events over the past year, including the likes of the Facebook-Cambridge Analytica data scandal, IBM’s blockchain division has also endeavored to do more work in the self-sovereign identity field, with the ultimate goal of giving users more control over their personal data.
The IBM Blockchain Commitment
There are multiple reasons why IBM should have such a vested interest in blockchain technology.
First and foremost is the undeniable fact that blockchain is moving to the mainstream very quickly. Studies by Gartner have revealed that the business value of blockchain technology is expected to reach $176 billion by 2025, and is set to increase even further to a staggering $3.1 trillion by 2030.
If this prediction turns out to be true, IBM stands to gain a significant amount by getting in on the action early. There’s a reason why blockchain is gaining popularity so quickly. Its potential to improve business efficiency across a huge range of industries is huge.
Some of its biggest…
The post Why IBM is speculating on blockchain appeared first on FeedBox.