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IBM new business unit to deliver blockchain solutions

IBM had recently launched its very own industry platforms business unit in an attempt to deliver blockchain solutions to its customers. According to eWeek, the company claimed that the release of last week’s blockchain unit will entirely concentrate on financial services organizations in addition to other business units.
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IBM had recently launched its very own industry platforms business unit in an attempt  to deliver blockchain solutions to its customers. According to eWeek, the company claimed that the release of last week’s blockchain unit will entirely concentrate on financial services organizations in addition to other business units.

IBM said:

The Industry Platforms unit will focus on Watson for financial services, blockchain and strategic partnerships.

Bridget van Kralingen, a fast-tracked IBM executive who has served as head of IBM Global Business Services, will be in charge of the unit. Charles King, principal analyst at Pund-It informed to eWeek about the  new unit's capability to increase the company’s commitment to blockchain and highlights the company’s belief that the technology has the potential to enhance its commercial interests.

This is not the first time that the company has taken an interest in developing  the blockchain technology. It is an investor in the blockchain startup, Digital Asset Holdings and is a member of the Linux Foundation’s Hyperledger Project.

Apart from investing, the company opened a Bluemix Garage in New York focusing on blockchain, fintech, and financial services in June. In July, IBM joined the Chamber of Digital Commerce (CDC), a Washington-based advocacy group and trade association that emphasizes on digital currencies and blockchain technology.


Jerry Cuomo, vice president of Blockchain Technologies at IBM recently stated that it was important from a national competitive point of view for U.S. companies and government agencies to lead the world in understanding blockchain and how to utilize it.

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