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Last I heard they were dabbling in Blockchain. Atleast they were publicly making noise about it.

by vishnugupta 5y ago

ta988 5y ago
Oh my, I saw a presentation of that. Dabbling is not even the word.
jiscariot 5y ago
Marketed as Blockchain with Watson(TM) most likely.
- ta988 5y ago
  Same salesman, same lobbying, same results.
reidjs 5y ago
They have a product called Hyperledger Fabric that is marketed as an enterprise-scale permissioned-blockchain. I’ve tried to get it working before with some free credits and couldn’t figure it out.
absoluteharam 5y ago
Most big tech companies got out of or significantly scaled back their blockchain business, it is solution chasing a problem. The web3 people apparently haven’t caught on yet https://petri.com/blockchain-bust-microsoft-joins-ibm-with-blockchain-shutdown https://petri.com/blockchain-bust-microsoft-joins-ibm-with-b...
- Jansen312 5y ago
  I think secretly they are aiming for the digital currency aspect of blockchain, e.g. Bitcoin but couldn't understand how it works as MBA schools havn't mint out bitcoin graduates yet. Maybe in abother 10 years.
  - wussboy 5y ago
    > MBA schools havn't mint out bitcoin graduates yet Genius!
  - cuteboy19 5y ago
    The cargo cult of blockchain!
- samarama 5y ago
  The problem is infinitely printable FIAT, controlled by corrupt and incompetent politicians that is very slow and very expensive to to transact overseas and mutable. The solution is 100x faster, cheaper, more secure, immutable, less prone to fraud and limited in supply. It’s a very simple calculation.
  - dymk 5y ago
    > less prone to fraud whut
  - Edman274 5y ago
    I thought shilling operations don't operate on Sundays. Do they not give you the day off?
  - californical 5y ago
    Those are problems in theory, but I don’t think most people are concerned or affected by them. I’m certainly not. I never need to transfer money quickly between accounts — it’s never once been a problem to wait a couple days. And sure there are real economic problems with printing money, but again, the government does a decent enough job at keeping the dollar stable that it doesn’t affect me. And there’s the fact that the US gov has tons of power to maintain the validity of the fiat dollar through legislation, and as a backup they have the use of force through police and jail (in the case of tax evasion, or avoiding the laws). Then there are international alliances, and there’s the largest military in the world also with a strong interest in maintaining the dollar’s value. So I’m not worried about the value of the US dollar in the long term — at least I certainly trust it more than a purely technical solution with none of the US Gov benefits. Faster: I don’t have any problem with speed of USD transactions. In fact, most transactions are faster than crypto via credit cards or cash. Cheaper: there are $0 transaction fees for cash, and low fees for credit. Secure: US laws do a decent enough job Fraud: crypto exchanges get hacked and there is often no recourse — if my credit card is stolen, there are laws that protect me Limited supply: by definition, that makes the currency deflationary, which is horrible for a growing economy. And it’s obvious in bitcoin. Nobody spends money today if it’ll be worth more tomorrow — that’s why everyone just buys and holds bitcoin as an investment, not uses it as a currency
NikolaeVarius 5y ago
https://www.ibm.com/blogs/blockchain/2021/05/why-digital-health-passes-are-the-smart-and-responsible-way-forward/ https://www.ibm.com/blogs/blockchain/2021/05/why-digital-hea... NYC Covid pass was build on blockchain. Such a goddamn pointless waste of time

Last I heard they were dabbling in Blockchain. Atleast they were publicly making noise about it.

ta988 5y ago

Oh my, I saw a presentation of that. Dabbling is not even the word.

jiscariot 5y ago

Marketed as Blockchain with Watson(TM) most likely.

ta988 5y ago
Same salesman, same lobbying, same results.

reidjs 5y ago

They have a product called Hyperledger Fabric that is marketed as an enterprise-scale permissioned-blockchain. I’ve tried to get it working before with some free credits and couldn’t figure it out.

absoluteharam 5y ago

Most big tech companies got out of or significantly scaled back their blockchain business, it is solution chasing a problem. The web3 people apparently haven’t caught on yet https://petri.com/blockchain-bust-microsoft-joins-ibm-with-blockchain-shutdown https://petri.com/blockchain-bust-microsoft-joins-ibm-with-b...

Jansen312 5y ago
I think secretly they are aiming for the digital currency aspect of blockchain, e.g. Bitcoin but couldn't understand how it works as MBA schools havn't mint out bitcoin graduates yet. Maybe in abother 10 years.
- wussboy 5y ago
  > MBA schools havn't mint out bitcoin graduates yet Genius!
- cuteboy19 5y ago
  The cargo cult of blockchain!
samarama 5y ago
The problem is infinitely printable FIAT, controlled by corrupt and incompetent politicians that is very slow and very expensive to to transact overseas and mutable. The solution is 100x faster, cheaper, more secure, immutable, less prone to fraud and limited in supply. It’s a very simple calculation.
- dymk 5y ago
  > less prone to fraud whut
- Edman274 5y ago
  I thought shilling operations don't operate on Sundays. Do they not give you the day off?
- californical 5y ago
  Those are problems in theory, but I don’t think most people are concerned or affected by them. I’m certainly not. I never need to transfer money quickly between accounts — it’s never once been a problem to wait a couple days. And sure there are real economic problems with printing money, but again, the government does a decent enough job at keeping the dollar stable that it doesn’t affect me. And there’s the fact that the US gov has tons of power to maintain the validity of the fiat dollar through legislation, and as a backup they have the use of force through police and jail (in the case of tax evasion, or avoiding the laws). Then there are international alliances, and there’s the largest military in the world also with a strong interest in maintaining the dollar’s value. So I’m not worried about the value of the US dollar in the long term — at least I certainly trust it more than a purely technical solution with none of the US Gov benefits. Faster: I don’t have any problem with speed of USD transactions. In fact, most transactions are faster than crypto via credit cards or cash. Cheaper: there are $0 transaction fees for cash, and low fees for credit. Secure: US laws do a decent enough job Fraud: crypto exchanges get hacked and there is often no recourse — if my credit card is stolen, there are laws that protect me Limited supply: by definition, that makes the currency deflationary, which is horrible for a growing economy. And it’s obvious in bitcoin. Nobody spends money today if it’ll be worth more tomorrow — that’s why everyone just buys and holds bitcoin as an investment, not uses it as a currency

NikolaeVarius 5y ago

https://www.ibm.com/blogs/blockchain/2021/05/why-digital-health-passes-are-the-smart-and-responsible-way-forward/ https://www.ibm.com/blogs/blockchain/2021/05/why-digital-hea... NYC Covid pass was build on blockchain. Such a goddamn pointless waste of time