IBM has established its self as a blockchain leader, with more than 1,200 networks. Now the company is telling other startups to get educated on the shared digital ledger, according to WRAL TechWire, a regional tech news publication.
Sharon Cocco, director of blockchain at IBM, told a group of startup tech companies: "While we believe there is a lot of hype around blockchain, there's a lot of reality, too," according to the report. "It's transforming the market now. There's a lot of real production use cases today.
Blockchain has the potential to save time, reduce risks and increase efficiencies. The technology also can change business models to transform industries as a whole.
Of IBM's 1,200 networks, Ms. Cocco said "at least 100 of them are in production and live today because transactions are running on the blockchain everyday and increasing," according to WRAL TechWire.
IBM is also getting involved to educate the public on blockchain. The company launched its blockchain Youtube channel and offers an eight-week accelerator program, which aims to help company founders to scale their blockchain tools.
"I would advise you, if you don't already know about distributive ledger technology, get educated," Ms. Cocco concluded, according to the report.