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Why is IBM active in the blockchain area?


Mark Michaels

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If you are closely following the crypto and blockchain news section, you will see the “IBM” word popping up quite frequently. Indeed, IBM has become very active in this field.

Most recently, the company announced has entered into the collaboration with CULedger, a group of credit unions. The union, which is designed in its nature to work on the implementation of the decentralized ledger technology (DLT),  will work to implement the latest IBM blockchain technology.

“A cooperative model that helps improve the member experience while benefiting all credit unions is the ideal approach to ensuring the next wave of financial innovation for the credit union industry,” said John Ainsworth, CULedger’s CEO and President.

Moreover, IBM and France’s Commercial Court Clerks will also work on the joint project to recording changes in companies’ legal status on the IBM’s blockchain technology.

It was reported that IBM has currently around 1,600 staff working in different units on the development of blockchain technology.

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