Only a “very, very little percentage” of this month’s one,700 job losses at IBM affected its blockchain division, The Block reported on June 20.

Jerry Cuomo, the V.P of IBM Blockchain Technology, told the web site that the tech large is prioritizing blockchain skills once creating hiring and firing decisions — adding it absolutely was “full steam ahead” for his department.

The layoffs are represented as a “realignment plan.” The consulting arm of IBM’s blockchain business experienced some losses of redundant positions, however its engineering facet reportedly escaped unharmed. A source told The Block:

"The product team had no cutbacks, there was nothing out of improvement. it totally was frightfully confined on the blockchain feature."

IBM presently has concerning 340,000 employees, which means that it let alone of roughly 0.5% of its work force. As CNBC reported on June 7, this doesn’t mean a freeze is on the horizon.over 7,600 openings were listed on IBM’s web site at press time, several of them for newer areas of the business.

Earlier this week, the corporate proclaimed upgrades to its IBM Blockchain Platform therefore it will run on multiple cloud networks as well as Microsoft Azure and Amazon web Services.

IBM has conjointly been concerned in a very blockchain platform called “Device ID,” that formally launched last week. the answer is meant to demonstrate digital signatures to confine on monetary crime, and is about to be utilized by 9 banks across Brazil.

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