Afternoon Coffee: IBM Revenues Up on Blockchain Adoption, Scout RFP Appoints First VP of Marketing

Coffee. Coffee cup

IBM’s quarterly earnings got a boost from what is perhaps the year’s hottest technology: blockchain. As Supply Chain Dive reports, revenue at Big Blue rose 5% in the first quarter, and adoption of blockchain in supply chain and logistics scenarios was one major factor in driving that growth.

"We ... continue to make progress in emerging areas like blockchain,”said Jim Kavanaugh, IBM's senior vice president and chief financial officer, during the company's earnings call Tuesday. “We’ve grown to over 50 active blockchain networks since the release of our IBM Blockchain Platform in the third quarter last year."

Scout Hire

E-sourcing provider Scout RFP announced Tuesday it had hired Grant Shirk as its first vice president of marketing, according to a press release. Shirk will be responsible for further developing Scout’s go-to-market strategy, helping it expand both domestically and internationally.

"Great SaaS products positively impact how people and companies work," Shirk said in the press release. "Scout's innovative platform, combined with their commitment to elevating the strategic importance of sourcing teams, is transforming this market. I'm excited to join this team and help accelerate our growth worldwide."

To learn more about how Scout RFP stacks up against other e-sourcing providers, check out the Spend Matters E-Sourcing SolutionMap.

Drone Regulation

The United Nations is looking into developing a global registry for drones, and the airline industry is fully behind the plan, according to Reuters. Increasingly frequent near collisions by unmanned aircraft and commercial jets are causing safety concerns. Rising interest in drones by both hobbyists and companies like Amazon mean available airspace is getting more crowded.

Industrial Output 

And finally, an economic update: U.S. industrial output rose a seasonally adjusted 0.5% in March, the Wall Street Journal reports, exceeding economists’ expectations for a 0.4% increase. A generally strong economic picture and the effects of the December 2017 tax cut are boosting production demand for business equipment and autos.

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