IBM has a long provenance with blockchain. It has strong credentials in the industry and extensive experience in collaboratively designing and launching enterprise business networks. It has focused on executing the solution for a business challenge rather than the technology itself.
To solve critical industry challenges ranging from secured and transparent supply chains to trust in food products, IBM has built and joined new business networks. It has active joint ventures spread across the globe through which it has created solutions such as Tradelens, a blockchain-based global supply chain platform designed in collaboration with Maersk and supported by major industry players.
Its IBM Business Value Design is delivered in collaborative garage environments right at the beginning of the project to focus on how business values can be driven. It also has an offering to drive the full blockchain ecosystem and get participants onboard.
Its IBM Blockchain Platform, a fully integrated enterprise-ready blockchain platform, facilitates clients’ blockchain adoption journey in more cloud environments besides IBM Cloud. It is also leverages IBM Watson to combine cognitive capabilities with blockchain.
Investments and Innovation
IBM has emphasized creating and utilizing reusable solutions, assets, and design artifacts. These include IBM Provenance engine, Secure ID, Secure Digital docs, IBM Food Trust (for supply chain transparency), and Tradelens (for shipping and transport digitization).
It has over 20 innovation centers across the globe and has over 25 blockchain-related patents in its portfolio. It has put significant investments that are focused on driving technology innovation, business innovation, and growth of talent/skill. To accelerate the blockchain capability across the IBM enterprise, it is providing over 75,000 certifications and badges to the entire 400K+ IBM population.
IBM has made substantial technical contributions to the blockchain industry. As a founding member of Hyperledger, it has donated initial code, developers, and intellectual property to Hyperledger projects such as Fabric and Composer. As an established thought leader in this space, it contributes and sponsors industry discussions, events, sessions, hackathons, and conferences.
It has added blockchain to the IBM Academic Initiative, a program that provides educators and students with training resources to develop market-ready blockchain skills. It is also partnering with Columbia University to create the Center for Blockchain and Data Transparency to drive the research on blockchain and data encryption.
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