Building blockchain based solutions rapidly using IBM Blockchain Platform
Use Cases and Deployment Scope
We are using IBM Blockchain Platfrom as part of our clearing solution.
This is a solution meant for serving TELCO operators in clearing their roaming traffic using a new mandated specification called Billing & charging evolution.
Built-in features of blockchain technology like Provenance, Distributed ledger, immutability of transactions & security has made us to choose blockchain technology as part of solution.
Pros
- Immutability - Transactions once made are there forever.
- Distributed ledger - Allows customers to maintain their own copy of ledger by joining their node onto a blockchain network.
- Security - Help secure sensitive data, users and devices can be authenticated using the public and private keys.
- Provenance - Transactional history. Allows seamless dispute resolution.
Cons
- More promotion towards hybrid cloud or private cloud could attract customers to host/maintain the blockchain networks with in their "own trusted" infrastructure.
- Building prototypes on IBM Blockchain Platform and exporting importing them onto a private/hybrid cloud would be really great feature.
- Both of the above features has their own CONs as it will lose the easy maintenance/upgrade of their blockchain networks more challenging. But not all customers can afford IBM Blockchain Platform costs and hence there must be a easy way of allowing them to setup the blockchain networks of their choice.
Likelihood to Recommend
In my personal opinion, IBM Blockchain Platform is an off-the-shelf ready blockchain service offering. Customers can focus on building their solution rather than understanding the nitty-gritty of blockchain network setup, implementation & maintenance. Gives the advantage of Time to market.
With IBM Blockchain Platform customers could potentially launch their blockchain based solutions in a very short timeframe.
