IBM Keeps Its Blockchain Division Untouched Amid Layoffs

The tech giant has described the layoffs as a “realignment plan.” and it is “very limited on the blockchain side”, according the HR consultant to IBM.

IBM currently has about 340,000 employees, meaning that it jut let go of roughly 0.5% of its workforce. However more than 7,600 openings were listed on IBM’s website at press time.

Earlier this week, the company announced upgrades to its IBM Blockchain Platform so it can run on multiple cloud networks including Microsoft Azure and Amazon Web Services.

IBM has also been involved in a blockchain platform known as “Device ID,” which officially launched last week. The solution is designed to authenticate digital signatures to clamp down on financial crime, and is set to be used by nine banks across Brazil.

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