| IBM’s Blockchain Infusion|
A year and a half ago, the IBM blockchain business was just a piece of paper. Now, Bridget van Kralingen has assembled a team of 1,500 people, all tasked with figuring out how blockchain technology can be applied to many types of businesses.
That’s a big question to answer. Blockchain technology has gained a lot of attention in recent months, thanks in large part to the growing profile of cryptocurrencies that also rely on decentralized ledgers. But Ms. van Kralingen is leading IBM’s charge to persuade thousands of clients that blockchain has the potential to dramatically change how they operate. A lot is riding on the effort, as IBM looks to cast off its reputation as an aging tech giant and reinvigorate slowing growth.
So far, IBM has worked on blockchain projects to revamp how major shipping companies track shipments of goods and to help Walmart track food to its source following an illness outbreak. IBM sees potential for blockchain software and services to secure medical records, protect personal identities, engineer small business financing and more. IBM also uses the technology internally to track its own supply chain, cutting fulfillment time from weeks to days and reducing costs around dispute resolutions.
“It’s not just a technology,” Ms. van Kralingen said. “It’s a different way of thinking about business.”
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My comment – For more on blockchain technology, read Don & Alex Tapscott’s Blockchain Revolution