IBM Appoints Blockchain Supporter as CEO
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American multinational tech giant IBM has announced on Thursday it appointed Arvind Krishna as Chief Executive Officer.

Krishna will replace Ginni Rometty who became IBM CEO back in 2012, an official press release states.

Currently, Krishna is IBM Senior Vice President for Cloud and Cognitive Software.

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Rometty says Krishna is a brilliant technologist who has played a significant role in developing key technologies for IBM such as AI, cloud, quantum computing and blockchain.

"Arvind is the right CEO for the next era at IBM," Rometty added.

Krishna is, indeed, a big supporter of the distributed ledger technology. In 2017, he drew a parallel between blockchain and the Internet, by saying that blockchain can do for the world of transactions "what the Internet did for information."

Later in 2018, Krishna facilitated collaboration between IBM and Columbia University by creating the Columbia-IBM Center for Blockchain and Data Transparency.

Last year IBM carried out a study according to which the first central bank digital currency (CBDC) will be issued within the next 5 years.

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