IBM encounters blockchain headwinds as Hyperledger forges ahead

Highlights

• IBM’s first live blockchain we.trade takes tech work in-house
• IBM cuts blockchain staff
• Head of IBM blockchain financial services departs abruptly
• Hyperledger’s success previously closely tied to IBM
• Hyperledger adds Microsoft, Salesforce, Ethereum Foundation, GS1, Nornickel

In the last couple of months, IBM has encountered several blockchain setbacks. It has laid off staff. Its head of financial services has left. And one of its highest-profile clients, trade finance blockchain we.trade is taking work in-house. To date, the fortunes of Hyperledger, the open source blockchain community that’s part of the Linux Foundation, has been perceived as tied to IBM. But just last week it announced a slew of high profile new members.

The IBM setbacks

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