IBM — A Pioneer in the Blockchain space

IBM is perhaps the most well-known & recognized name in the tech world with its multinational presence of consultants, engineers & sales personnel. International Business Machines (or “Big Blue”) has impressive laurels to show apart from its global presence, with prestigious awards and the distinction of generating the most patents every single year for the past 25 years. In 2017 alone IBM got 9043 patents — 3300 more than the company in second place (Samsung).

Hard to imagine the century-old company whose losses exceeded $8 billion in 1993 & on the brink of diminishing would go on to become a leading blockchain applications provider in such a short period of time. The restructuring, reorganizations & the move away from the hardware side of things to more services-oriented technology applications has served IBM very well in the past decade or so. The company has embraced the disrupting blockchain technology with promising partnerships in the Fintech industry to come up with innovative solutions to assist the public & private sector.

Looking at the chart above it is evident that companies around the world are still in very early stages of deploying or implementing blockchain…