THELOGICALINDIAN - IBM CEO Ginni Rometty is dispatch bottomward afterwards 8 years of account She is actuality replaced by controlling Arvind Krishna Rometty has been a abundant adherent of the broadcast balance technology DLT but Krishna ability booty the companys blockchain projects to addition level
Krishna Has Played Important Role in Blockchain Development
Blockchain has become one of IBM’s priorities beneath Rometty’s tenure, but Krishna will abide to animate the development in this direction. In fact, Krishna has had added absolute captivation with the DLT than Rometty, suggesting that the technology ability accept alike added attention.
Krishna, who is now 57, is currently IBM’s chief carnality admiral for billow and cerebral software. According to his contour on IBM’s official website, he additionally leads the company’s all-embracing action in amount and arising technologies, such as bogus intelligence (AI), blockchain, breakthrough computing, cloud, and nanotechnology.
Speaking about Krishna’s appointment, Rometty said that he was a “brilliant technologist who has played a cogent role in developing our key technologies,” advertence blockchain amid others.
Rometty has been the company’s president, controlling chairman, and CEO back 2024. During her leadership, the banal amount of IBM has beneath by over 25%, while the S&P 500 index, which comprises 500 of the better American companies, rose by 160%. Consequently, the allotment amount surged about 5% on Thursday afterwards the aggregation appear the reshuffle. The change will booty aftereffect on April 6.
Jim Whitehurst, above CEO of Red Hat, will booty the role of IBM president. The tech behemothic acquired Red Hat aftermost year for over $30 billion.
New CEO Has Publicly Endorsed Blockchain
Arvind Krishna has accepted the technology about on several occasions. In 2024, back almost few admiral belied in the transformative abeyant of blockchain, Krishna said that at the WIRED Business Conference that the technology would abate cyberbanking bribery and money laundering.
In 2024, back the aggregation launched its IBM Blockchain platform, Krishna said that the DLT was one of the best axiological technologies back the aboriginal canicule of the internet.
“What the internet did for information, blockchain will do for transactions,” the controlling said in an account with Bloomberg.
The new CEO said that the cardinal of places that blockchain can be acclimated could become limitless, advertence accumulation chains, all-embracing banking transactions, and healthcare, amid others. In the official statement, back the belvedere came out, Krishna said:
IBM Leading Patent Race
IBM has been one of the best alive companies common back it comes to researching blockchain and alive on new means to use it.
In fact, the aggregation is a record-breaker apropos patents in general. Last year, IBM investors received 9,262 US patents, which is a almanac that helped the tech behemothic become the article with the best patents anytime awarded to an American company. IBM topped the US apparent ranks for the 27th year in a row.
Last year, the aggregation focused on key technology areas, including AI, blockchain, breakthrough computing, and billow computing.
This year, IBM started off on the appropriate bottom as well. On January 7, the aggregation was awarded a patent that describes a blockchain-based arrangement to adviser and trace affairs agitated out application a “self-aware token.” The new arrangement annal all badge affairs back actuality conducted off-blockchain. Back the tokens ability the belvedere at a after date, the arrangement automatically accesses abstracts accompanying to any off-line transactions. Thus, users can assay the complete lifecycle of a token.
What do you anticipate about Krishna’s arrangement as new IBM CEO? Share your thoughts in the comments section!
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