IBM announces $200m investment in Watson IoT blockchain development

Investing | October 6, 2016 By:

IBM has announced a $200 million investment in the new global headquarters for its Watson Internet of Things (IoT) business in Munich, including new IoT capabilities related to blockchain.

As part of a global investment of $3 billion USD designed to bring Watson cognitive computing to IoT, IBM has allocated more than $200 million USD to its global Watson IoT headquarters in Munich. The investment, one of the company’s largest ever in Europe, is in response to escalating demand from customers who are looking to transform their operations using a combination of IoT and Artificial Intelligence technologies. Currently IBM has 6,000 clients globally who are tapping Watson IoT solutions and services, up from 4,000 just 8 months ago.

“IBM is making tremendous strides to ensure that businesses around the world are able to take advantage of this incredible period of technological transformation and develop new products and services that really change people’s lives. Germany is at the forefront of the Industry 4.0 initiative and by inviting our clients and partners to join us in Munich, we are opening up our talent and technologies to help deliver on the promise of IoT and establishing a global hotbed for collaborative innovation,” said Harriet Green, Global Head of IBM’s Watson IoT business.

IBM also announced a number of new offerings to benefit IoT customers and developers. This includes a new capability that connects Internet of Things data to Blockchain through the IBM Watson IoT Platform, a new set of IoT Security Solutions and Services that help companies proactively identify potential risks and protect their devices from compromise, new offerings which enable customers to tap the Watson IoT platform to develop new voice interfaces for customers – in homes, cars, stores, hotels and offices, and a new resource that includes new recipes for developers containing code and best practice approaches for solving cognitive IoT challenges using Watson’s Natural Language Application Program Interfaces (APIs).