IBM May Get a Big Boost From Blockchain.
Scott Amyx quoted on U.S. News & World Report:
“In recent years, IBM has pivoted hard from hardware and general purpose consulting to laser focus on IBM Watson,” says Scott Amyx, founder of New York-based Amyx Ventures and a global expert in blockchain technology. “As part of that initiative, the company is looking to drive the business towards exponential technologies, like artificial intelligence, Internet of Things (IoT), blockchain, security and quantum computing. Any authority in IoT would tell you that blockchain is not only suitable but almost mandatory to consider in a decentralized, networked IoT world.”
IBM focuses on blockchain. Amyx says IBM is “forging ahead aggressively” with its blockchain offering, especially to enterprise and government clients. “Due to the sophistication and complexity, for the foreseeable several years, enterprises will lean on IBM and others to help implement blockchain into their processes, especially where authentication and trust are critical,” he says. “Those areas could include gold, diamonds, chocolate, collectibles to smart contracts and back-end reconciliations.”
Some of these IBM initiatives are long-term bets, Amyx says, and Wall Street “may not boost the stock until there are tangible lifts from these new business lines.”
Overall, Wall Street wealth managers see IBM trending upward in 2018, even as it takes time for its blockchain initiative to bear fruit.
