Topic: Is IBM is on path to bring blockchain to the masses? - page 2. (Read 529 times)

Indeed, blockchain technology is new and we know there is an opportunity. Big tech companies are  "racing" to develop a systems that will have significant uses. To be a pioneer in the industry is something that can be proud of and becoming a leader in it.IBM is partnering already with other companies for the adoption and application of its blockchain technology.

I think there is little significance on some IBM projects that uses blockchain technology when all the while they had been providing excellent solutions similar to those projects even  without the need to implement this emerging technology!

Thus I think its a little bit redundant and unnecessary that I agree with your opinion that IBM is just riding this blockchain tech trend but in reality, some of its blockchain projects are just developed aesthetically and maybe to give the impression that they are also at the forefront of providing solutions through blockchain technology and assert its position as one of the top solutions provider. Imho.

Even they could bring it into the public, it's not gonna have that significant impact on Bitcoin's price. Manipulators could however take advantage of such news but it would be only a simple short pump that would reverse immediately.

By saying hybrid you mean by having different systems for different access control preferences. Such as when data is private to small group of companies, they would make use of centralized rather than decentralized blockchain.

IBM stock price still in decline since early-mid 2013. This situation should give us some context about its performance. Speaking about permissioned DLT, I don't see how it can be appealing to the public. Bitcoin, the first blockchain, was designed to be public and permissionless. It's difficult to imagine if the next-gen DLT would be private/permissioned.

Except, of course, if the only way to increase DLT's capacity is to make it private/permissioned.

That's good news for the community, but IBM is also developing quantum computers, so blockchain will be the object of their first test to prove the power of quantum computers

They had the huge advantage on the side of crypto, and gladly as they're involvement with Stellar coin development; of course more upcoming updates will be more focused. Being out of date of the technology isn't possible, since IBM is widely known and popular on computer generation. Blockchain technology is generally their expertise in terms of more new discoveries that's going to be revealed in the near future.

There are a few projects, in insurance, the food industry, payments transfers, etc. The thing is that IBM 'promote' its blockchain as BaaS or via partnerships, and it has many.

Just 6 months ago, Nestlé and a supermarket brand deployed IBM's blockchain for traceability in my country. We can scan a QR code and get the information (what we call here the transaction details). But we have no way of checking (cryptographically speaking) if the information is accurate. We have to trust them and they're just showing us some information on a web page. It's not really more advantageous than a database (I'm talking at the citizen level)

I tried once and to be honest, a waste of time. Ok it tells me my potatoes are grown in the north, okay, but it was already written at the supermarket when I bought them.  

They are flipping huge! IBM is one of the only companies that is actively trying to push blockchain technology, and they've been very successful with this sort of stuff, trying to adopt this new technology with everything.

IBM is trying to push blockchain technology into a lot of random industries, they are trying to even involve the technology into the food industry, trying to use it for successful tracking of food, etc.

Pretty interesting stuff.

IBM is a lover sound technology, they are always interested in innovation technology which is the reason why they have their doors opened for any partnership from small and big outstanding enterprise. So, I won't be surprised if they bring blockchain with the inclusion of crypto to the masses since they have already create an equipment for the blockchain and cryptosphere

There's really more to it in our world then saying that "supply chain" is something that can change our world for the good, this is just a blockchain technology from a single company that will just improve efficiency and transparency we don't even know yet how they will apply this to the masses yet so we can't quickly assume if everyone can benefit from this at all. The way I see it just like what other companies do it is they will just roll it out on a small group and see how things will benefit from it and since we are talking about supply chain we are talking about companies who will use it so it's not really directed to the consumer stand point but for the company's efficiency when they apply this, there is no direct benefit to us.

As IBM is a technology depended company it giving importance to blockchain and other advancement isn't a big thing. Always they'll be keeping their business alive and active with the booming technology. Also I confirmed its presence in blockchain technology through a friend of mine working for IBM. On a regular conversation had to discuss about weekly classes cum training sessions conducted on IBM. It was completely about blockchain technology.

Not what I expect for the company IBM. I see their organization to lead that time and do great projects that could potentially help (although they did, but again not what I expected it to be) I can't really say that they have lost along the way after the competition had surfaced, I haven't heard from them after unveiling of their Blockchain as a service, open source hyperledger fabric v1.0. This is not what I expect for IBM to be, or did I just over expected for one of the most influential technology company?

Good point of view in asking "is blockchain necessary?". If you'll buy a candy for a penny would you unlock your phone, open an application and scan qr to pay? rather than getting a penny out on your wallet? Some companies are doing things on blockchain with much significant and correct approach. It isn't just for fancy, to look more techie, to look more advance thing, value and necessity must be fulfilled.

Not quite so really. IBM has been doing things (as have many other large Consultancy firms and corporations) over these past few years. For example, Nestlé and Carrefour (supermarket chain) recently announced that they are implementing traceability of infant milk using IBM Food Trust. (See: https://beincrypto.com/nestle-is-putting-baby-formula-on-the-blockchain).

I took a look at IBM Food Trust recently (see https://www.ibm.com/support/pages/ibm-food-trust-trace-products for example) and there are some interesting things to it. Besides allowing for traceability of food, it also allows one to see alerts on inventory for perishable goods, trace the whereabouts of specific lots, and so forth. That is to say, the traceability is not only aimed at the end-consumer, but at the production and distribution layers.

Now the key question here is deciphering whether blockchain is really necessary, or whether it is just some fancy nice to have, with a publicity edge to it (trendy, alleged transparency with end-consumers, etc.). The software implementation for traceability here could just as well have been implemented on conventional software (tailored ERP for example).

So where is the added value and need? (this is the dual core question to ask for any blockchain implementation).

You could argue here that the value is in the inherent principal of blockchain: being transparent over system that provides trust in essence through the inmutability and traceability of the data. That, taken on to the traceability of the food industry is a potential value from a corporate point of view, and, if properly exploited, can position a brand as both trendy and transparent. It’s at least exploitable marketing-wise (whether it comes along with a desired ROI is to be seen on a case by case basis).

Blockchain technology will be widespread eventually through various sources including decentralized cryptocurrency and through companies and governments. There will probably be other technologies that develop that may be even better as well.

Well, IBM was a forerunner. FB just started with their Libra, and I haven't heard any news about blockchain with google since the most I've heard of them was their quantum supremacy. And honestly, at the time blockchain started sprouting, I think it didn't bring out much in terms of allure for these companies to jump ahead and provide an R&D and funds for it. IBM was the only one whom started funding R&D to it and well, even if they did, it didn't actually result to much. Only when BTC popped off did most companies/countries took note of what Blockchain technology is.

Why only IBM? If you talk about affordability, even Google can afford expensive R&Ds! Facebook can do that as well! There are other cash rich companies in the world who can do the same! I seriously do not remember anything great from IBM related to blockchain technology in all these years! Funding is not an issue to many companies, but the willingness to become the frontrunner in blockchain tech is certainly lacking, at a great scale!

IBM has the power to Put funding into blockchain technology. But I doubt that it’s for mass adoption. They are there to improve the actual technology, but it’s just a second priority, in my opinion. I’m not part of IBM, but I think it’s reasonable to look at it that way.

I think it’s not just IBM who has the power or the capability to have R&D With regards to blockchain technology. All of the top 10 probably could have the ability to influence the market, like Microsoft and Google.

I remember IBM announcing a joint blockchain venture with walmart and many others in 2017.


Unfortunately, there doesn't appear to be anything done with blockchain by IBM over the last 2 years.

IBM has been in something like a decline. They sold their desktop/laptop PC manufacturing business to china, years back. It was rebranded and is known as Lenovo now. They may have opted to pursue blockchain projects in an effort to boost their stock price, which may have been common around that 2 year back timeframe, when many US stocks achieved significant price growth on the stock market simply by announcing blockchain projects which some of them had no real intent on following through on.

I think there is still some room for untapped potential in terms of blockchain utilization. IBM seems to have kind of given up on blockchain.

IBM is one of the oldest players in the blockchain development iirc. And honestly, implementation of blockchain to our everyday transactions seem appealing yet underestimated by most. I for one don't know how important it is, but let us take note of how iBM has been a forerunner in this, and the recent announcement of China to concentrate in the development of Blockchain.

I think it's very useful that the whole supply chain is on BC (from raw material to product). I doubt they will use the XLM platform. Maybe they will do their own BC.