IBM Invests $200 Million in Blockchain-Powered IoT

IBM’s previously announced work intersecting blockchain and AI is moving forward with the establishment of a new work center in Germany.

AccessTimeIconOct 4, 2016 at 6:12 p.m. UTC
Updated Sep 11, 2021 at 12:31 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

IBM’s previously announced work intersecting blockchain and AI is moving forward with the establishment of a new office in Germany.

The announcement is part of a broader technology push initiated this week by IBM, which is investing $200m to fuel its internet of things (IoT) efforts.

IBM is opening a new office in Munich to spearhead those initiatives, within which its blockchain work on connected devices is based.

IBM, a founding member of the open-source Hyperledger project, emerged earlier this year as a strong advocate for the technology. It has since pursued a variety of projects involving blockchain, from dispute resolution systems to cloud-based security frameworks.

With the $200m in hand, IBM will staff its Munich office with as many as 1,000 employees.

The company said today:

“Businesses can share IoT data in a secure, private blockchain to reduce the costs and complexities of doing business across a network of people and goods. This capability is fully integrated into IBM Blockchain.”

IBM highlighted its work with Kinno, a Finnish firm that is using IBM’s blockchain-infused IoT tools to develop supply chain tracking capabilities.

“Using the technology, Kinno is developing a solution that tracks, monitors, and reports on container status and location, and optimizes packing and transfer of shipments through shipping lanes,” the company said in a statement.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.

Read more about