IBM has been in the IT business for over 100 years and they have been a dominant force in all this time. Over the years the company has made a mark on several areas in which it has come up with innovative ideas and products. They have had a hand in the development of the disk drive, magnetic strip cards, ATMs, Fortran language and much more. It comes as no surprise then that IBM is also behind one of the largest implementations of Blockchain in the commercial sphere. IBM Global Financing is expected to use a Blockchain solution to address disputes in the financing arm of the company and free up tied capital, thus leading to more efficiencies. In order to know more about IBM’s plans about the Blockchain in general and also the upcoming Blockchain implementation by IBM Global Finance, CoinTelegraph talked with Gennaro ‘Jerry’ Cuomo . Cuomo has been with IBM since 1987 and is currently the Vice President of Blockchain Technologies which happens to be a business unit within the IBM Cloud Group. IBM’s Blockchain Strategy IBM has taken a three-pronged approach to the Blockchain – community, cloud and clients. They continue to maintain a focus on core technology which they do so as a community under the Hyperledger Project of the Linux Foundation . They are also determined to support this core technology by helping client services through the cloud. This allows their clients to spend less time worrying about Blockchain management and more on application development. Finally, IBM is using Blockchain for interesting new cases like supply chains, auditing and client engagement. They have come up with IBM Garage which is useful for client engagement and supports Blockchain activity around the world. They have centres in New York, Singapore, London and Tokyo where IBM […]
