IBM might not be the first company you think of when you hear the word “blockchain.”
But IBM, the first company in the U.S. to make computers, has a big stake in the sector and has its own blockchain department. Even though it’s hard to believe, the tech company was started in 1911, and since then, it has helped shape the world of tech.
It’s not surprising that the company wants to be on the cutting edge of this new and exciting technology. Since blockchain technology is still new, there aren’t as many experts in the field as there could be. Large companies may find it hard, take a long time, and cost a lot of money to build their own blockchain departments. This is where IBM comes in.
Large companies might hire a consulting firm like IBM to help them with their blockchain projects instead of paying for them themselves. And IBM’s business plan seems to be working out pretty well. The tech giant is working on more than 500 blockchain projects and working with industry leaders to help them transition to blockchain.
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IBM works on all parts of blockchain, from platforms for distributed ledgers to supply chain intelligence. They are adding new clients like Renault (RNLSY), Home Depot (HD), Banque de France, and the State of New York.
IBM is one of the most important players in the field because of how much they help big brands use blockchain technology. IBM could be a great choice for investors who want to get into the blockchain industry because it is diverse and has a strong foundation.
IBM stock could be less volatile and risky than digital currency or the blockchain as a whole. But people who want to invest in tech stocks should be careful. Since the FED raised interest rates a year ago, the sector has not done as well.
In fact, IBM’s share price has gone down with the rest of the sector over the last year, and it is now almost 35% lower than its all-time high. But in general, the stock has been going up for the past few years, and since it hit its lowest point in 1993, it has gained nearly 2000%.