# IBM Blockchain Is a Shell of Its Former Self After Revenue Misses, Job Cuts: Sources - CoinDesk

<https://www.coindesk.com/ibm-blockchain-revenue-misses-job-cuts-sources>

- Host: [coindesk.com](https://links.thingelstad.xyz/hosts/coindesk.com/)
- Saved: February 4, 2021 (2021-02-05T03:33:04Z)
- Record: https://links.thingelstad.xyz/links/417cb2a7d468/
- JSON: https://links.thingelstad.xyz/links/417cb2a7d468.json

## What Jamie wrote

IBM bet big on blockchain a couple of years ago. That bet isn't working.

> the company failed to meet its revenue targets for the once-fêted technology by 90% this year

Don't confuse Bitcoin prices with blockchain market opportunity. I've looked at blockchain extensively. I get asked about it a lot. I believe that if you need a technology solution for a lack of trust, it is a great solution. However, outside of cryptocurrency there are relatively few solutions that need a solution for trust. At least today…

## Facts

- Kind: [Page](https://links.thingelstad.xyz/kinds/page/)

## Appears in

- [WT172: Weekly Thing #172 / Blockchain, Bezos, Privacy](https://weekly.thingelstad.com/archive/172/), Recommended Links

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## Elsewhere

- Wayback Machine: https://web.archive.org/web/*/https://www.coindesk.com/ibm-blockchain-revenue-misses-job-cuts-sources