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The IBM-Maersk blockchain effort is bound to fail from the start


© Reuters.

blockchain project Continue encounter failure rates in excess of 90%, and it seems that with every passing moment, more and more “successful” companies are adding their underperforming blockchain projects to the graveyard. One of the most recent blockchain failure victim is Moller-Maersk, recently announced Termination of the publicly available TradeLens — a global trading platform built on IBM (NYSE:) blockchain technology.

However, these failures are completely predictable and in many cases avoidable if companies take a closer look at certain lessons about innovation diffusion.

Details of IBM-Maersk’s plan to build a canceled blockchain platform. Source: IBM-Maersk
Lyall swims is the chief innovation officer of Atlas (NYSE:) Network. He holds a doctorate in education in organizational leadership from Pepperdine University. He holds a bachelor’s degree in communications and an MBA from Brigham Young University.

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