The largest computer manufacturing company ‘IBM’ seem to be quite interested in the distributed ledger technology (DLT),as thecompany revealed more than a thousand of its employees working on the blockchain technology related projects.
A recent Gartner survey conducted revealed that currently there are very few companies that consider working on the blockchain based projects with solely even far more less than that which think further experimenting with this technology. As per this survey, more than 70 % of the companies straight forwarded denied their interest in the blockchain technology.
However, among such an ecosystem, IBM takes an opposite stand in this scenario, employing more than 1500 of its employees in the blockchain technology. The general manager of IBM ‘Marie Wieck’ stated that the innovative technology can be as transformative for businesses as the internet has been for individuals.
This number of employees caughtthe eyeof Digital Currency Group’s ‘Barry Silbert’ which quickly speculated announcing that IBM is spending in millions each year’s for the blockchain based projects. He mentioned in his Tweet as:
IBM wasadditionallychosen bythe govt.of Australia as a central technology partner forsucceeding five years. The company hasadditionallyforayed into digital currencies. InJuly this year, the companyproclaimeda partnership with the fintech startup to launch a ‘StableCoin’ pegged to theAmericandollar.