"The product team had no layoffs, there was nothing out of development. It was very limited on the blockchain side," one source who has direct contact with the Blockchain division said.
SOURCE: https://finance.yahoo.com/news/ibm-blockchain-team-reportedly-spared-162716979.html?glic=adsE482248dajsadsj424828428
Amazon will find a way to screw IBM in this capacity too, just wait and see.
Amazon might end up owning most those food retailers before you know it.
I would not bet on IBM succeeding here, it'd be like betting the Lions to win the Superbowl.
The article did not mention the security nightmare that malicious code would cause - it only mentions that it is difficult to program leading to bugs, but imagine a malicious contract running on your mainframe inside the heart of your datacenter. Oops.
And no, the stupid sandboxing they have will not prevent a determined attacker from escaping it.
@2umz do you care to actually counter my points? This has been my understanding from the multiple people I know that work on Blockchain and Blockchain Solutions.
If you think IBM has somehow 'fooled' all the major grocers and shippers on the planet you're unbearably naive.
Supporting @1bii's sentiment is the following article:
Why IBM’s Blockchain Isn’t a Real Blockchain --
https://cointelegraph.com/news/why-ibms-blockchain-isnt-a-real-blockchain
It still isn't clear to me what exactly the value of blockchain is providing in its current solutions. My understanding is that the tech essentially just puts a hash of the data into a blockchain for verifications, but the data is actually stored in a database. There's no distributed network either, it's all ran on IBM servers. Blockchain's value is in the ability to distribute a datastore amongst untrusted partners. IBM's application of blockchain appears to just be in using it as a buzzword to sell to unknowledgeable partners.
This is so true
IBM's got some epic fails but their Blockchain will not be one of them.
Also, let's exit some of the low-margin consulting business.
I have to disagree. TradeLens has the global majority of shipping companies - and counting. IBM Food Trust has some of the biggest food retailers there are (almost all of them actually). Watson's hype and failings early on were relatively predictable as they couldn't find partners to buy-in. When it comes to blockchain these aren't fabricated fantasies as some of you have described. IBM's got some epic fails but their Blockchain will not be one of them. Whether that will be enough, only time will show.
Blockchain will get hit next round
Their failure has not sinked in yet.... but it will come in time. Patience... nothing that IBM does these days is successful.
IBM typically waits a few years before admitting failure in its grand initiatives. For example layoffs in Watson are relatively new - past year or so. So it won't be until IBM stops believing its own hype about blockchain that the layoffs will start.
Meanwhile, for those companies still sipping the IBM kool-aid, the best and cheapest and easiest to use implementation of HyperLedger is found on Amazon cloud.