"It is driving additional spend," Cuomo said. "When you look at the direct attribution of the actual dollars spent on blockchain, we are seeing that for every dollar spent, $15 is spent on other cloud services."
The back-of-the-envelope math offers a revealing glimpse into the storied tech company's current thinking on blockchain. Cuomo's revenue figure comes as IBM works to bring enterprise blockchain closer into the company's sprawling cloud offering. Some commentators have described the move as a reprioritization or even consolidation following the dissipating hype surrounding distributed ledger technology (DLT).
