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

  • Philip Ryan
  • 2 Months ago
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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 Associate Editor of Bank Innovation. He worked as a web developer for the Fund for the City of New York for six years, and was an HTML developer at Ocean-7 Development back in the go-go ’90s. He has more than 15 years' experience in online journalism. He can be reached at pryanrmg1@gmail.com.

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