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IBM's Industry Platforms Unit to Focus on Blockchain, Watson

The group will offer solutions for financial services and other industries.


IBM has created a new business unit called Industry Platforms that will offer solutions based on blockchain and Watson. IBM CEO Ginni Rometty said, "The Industry Platforms business will bring clients radically optimized processes and marketplaces that leverage Watson, IBM Cloud, IBM Systems, blockchain, deep domain expertise and ecosystems of partners and developers."

Charles King, principal analyst at Pund-IT, commented, "The new unit steps-up IBM's commitment to blockchain and also underscores how firmly the company believes the technology will enhance its commercial interests. That makes perfect sense given the value blockchain can bring to a wide variety of business, financial and industry processes which are virtually all right up IBM's alley."

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