Blockchain Hype May Have Peaked, But IBM is Still a Believer (

Blockchain euphoria is giving way to blockchain fatigue: Despite the hype, only 1% of executives in a survey reported deploying the technology at their firms. And while corporate management remains bullish about distributed ledgers, mentions of “blockchain” are on the decline during earnings conference calls. But IBM, which has roots going back more than 100 years, still thinks the technology that underpins bitcoin has untapped potential. From a report: Blockchain is a kind of tamper-proof database for keeping track of just about anything. IBM has around 1,600 employees working on such projects, and is leading other technology companies in terms of headcount and investment, according to Marie Wieck, general manager for IBM Blockchain. The Armonk, New York-based company thinks promising uses include supply chains and finance. And while the public’s love affair with blockchain is showing signs of dissipating, Wieck still thinks the technology could be as transformative for businesses processes as the internet has been for personal ones.

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