IBM Is Working on 300-500 Blockchain Projects [VIDEO]

  • Philip Ryan
  • January 10, 2017
  • 1

IBM is way past looking for blockchain use cases — it has between 300 and 500 blockchain projects going at the moment, according to CEO Ginni Rometty. In an interview with Bank of America CEO Brian Moynihan (Moynihan interviewed Rometty) Rometty revealed some of the areas where she sees blockchain playing a significant role in financial services: asset trading, including liquid assets such as diamonds; FX settlement; private equity; logistics and shipping; and AML-KYC. IBM does $40 billion in global financing a year, Rometty said, and has some 300 people working on dispute management for these operations. Challenges to be overcome in the blockchain space include scale (of course) and security. This section of the conversation occurs around 23:30 in the video below.

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Philip Ryan is Senior Editor of Bank Innovation and Senior Director of INV Fintech. He began covering financial services in 2012 and has more than 15 years' experience in online journalism. He can be reached at pryan@royalmedia.com.

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