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Sources: IBM has drastically downsized its blockchain team after missing revenue targets by 90%; IBM says the unit is “doing well”

Ian Allison / CoinDesk :

CoinDesk Ian Allison

Discussion

  • @coindesk @coindesk on x
    SCOOP: @IBM has cut its blockchain team down to almost nothing, according to four people familiar with the situation. @IanAllison123 reports https://www.coindesk.com/...
  • @maxkeiser Max Keiser on x
    If @IBM had bought $132 bn in #Bitcoin over the past 5 years - instead of $132 bn of its own stock - it would be the biggest company in the world right now. https://twitter.com/...
  • @padresj Fr. Robert R. Ballecer on x
    Hopefully this ends the “blockchain everything” era. The technology IS interesting & has some genuine use cases, but I won't miss the dark days of getting 100+ emails a week about the latest “blockchain-enabled” oven/toilet/fridge/lamp/shoe/toy/ doodad. https://www.coindesk.com/.…
  • @bdsams Brad Sams on x
    I was told blockchain would fix everything. https://twitter.com/...
  • @wolfejosh Josh Wolfe on x
    It has been so long that I forgot I used to lambast IBM for its fake AI and desperate attempts at modern relevance. https://twitter.com/...
  • @timccopeland Tim Copeland on x
    IBM “didn't really manage to execute, despite doing a lot of announcements.” Sounds like crypto. https://www.coindesk.com/...
  • @aantonop Andreas M. Antonopoulos on x
    Five years into corporate blockchain copycats and there is not a single meaningful project that has delivered anything. Decentralization is the raison d'etre. Without it, blockchains are pointless and it only took a few $billions for them to figure it out. https://twitter.com/...
  • @zachweinberg Zach Weinberg on x
    This company would have a materially better return on capital if it just liquidated and invested in shitcoins. - IBM Blockchain Is a Shell of Its Former Self After Revenue Misses, Job Cuts: Sources https://www.coindesk.com/...
  • @chancekelch Chance Kelch on x
    🤦‍♂️ they filed the most blockchain patents though 🤦‍♂️ https://www.ledgerinsights.com/ ... https://twitter.com/...
  • @lopp Jameson Lopp on x
    Remember “blockchain, not Bitcoin?” 😏 https://twitter.com/...