Yes, you are correct. This is precisely the same territory that Ripple is going after. However, rather than being left in the dust IBM has been proactive and wasted no time in adding a Division to their Company exclusively devoted to Blockchain Solutions. Rest assured though IBM's award of this contract did not go unnoticed by other major players (i.e. Oracle, SAP, etc.), and we will see announcements from them as well in the not too distant future. Stated differently, if these other players do not become heavily proactive with Blockchain technology solutions very quickly, they will be like so many other companies that went belly-up, as a result of them wearing blinders to new disruptive technology staring at them in their face.