IBM at Bat with Blockchain
April 25, 2018
What’s the difference between innovation and desperation?
About a month ago, I read “IBM Hit With Massive Age Discrimination Charges, Undermining CEO Rometty.”
According to the story:
“The news once again will raise the question about the tenure of CEO Ginni Rometty, who has presided over the demise of IBM. The company has suffered quarter after quarter of falling revenue. She has tried unsuccessfully to make IBM a leader in cloud computing. In the meantime, its older software, services and hardware businesses have suffered.”
Is the idea is that old timers are not able to deliver the zip zip ideas that IBM needs? One of the Beyond Search team said at lunch that management has delivered another setback for IBM. A recent story said that as the company aims to positing its enterprise search for the future, it is acting as its own worst enemy in the planning stages.
I noticed a story this morning which illustrates another home run swing for Big Blue. “Blockchain Gets Real? IBM Advances Projects With Walmart & Others” explains that:
IBM has been working on blockchain technology for about three years, and it officially launched a blockchain business about 16 months ago, Gopinath [a vice president of blockchain solutions and research at IBM] says. About 1,500 IBMers are now working on blockchain products and consulting services, he says. Big Blue has developed a blockchain software platform built on open-source Hyperledger software from the Linux Foundation; IBM also helps clients set up and manage their blockchain systems. Thus far, IBM has worked on 400-plus blockchain projects spanning retail, financial services, healthcare, media, the supply chain, and more.
Watson was supposed to be a revenue game changer at IBM. Now IBM is beating the blockchain drum. Can IBM leverage open source technology to make the company a revenue and earnings engine? Let’s ask Watson. Who’s on first?
Patrick Roland, April 25, 2018
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