A woman is walking in front of the IBM logo
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Blockchain technology has attracted the attention of many technology companies. IBM According to the survey, it is leading the way.
Big Blue is making great strides in its research and development project aimed at expanding the reach of distributed ledger technology to industries beyond financial services.
Last month, the company Nestle, Unilever, Walmart The company is working with other major food companies to use the technology to track food movements so that any contamination can be addressed quickly.
According to research firm Juniper Research, the company is in a stronger position than rival Microsoft when it comes to blockchain credentials.
More than 40% of technology executives and leaders in the blockchain space ranked IBM top, with only 20% naming Microsoft at the top.
What is Blockchain?
Blockchain is a massive log of data distributed across many locations. It secures the data through encrypted “blocks” that are accessed via a peer-to-peer network.
The original purpose of the blockchain was purely financial, acting as a distributed ledger for Bitcoin transactions.
Juniper reported in July that more than half (57%) of the world's largest companies are considering implementing their own blockchain solutions.
The race to build distributed ledger solutions is heating up, with EY unveiling its own platform aimed at securing insurance for the shipping industry earlier this month.
