IBM has done well with blockchain platform
September 17, 2020
IBM has done well with blockchain platform
Score 8 out of 10
Vetted Review
Verified User
Overall Satisfaction with IBM Blockchain Platform
We are in the insurance industry, so we are doing a lot of contracts. With digitalization, we were finding ways to not use paper but, in the past, there was an issue of trust with regard to sourcing. With the introduction of blockchain, we found the answer to that concern because blockchain can trace changes. Hence we implemented this to solve issues for our partners who we have to sign contracts with.
Pros
- Ready-made, as needed features are available to use, so we can focus on the functionality and leave the rest up to IBM.
- Stable, as it is cloud-based and IBM takes care of the infrastructure
- Future, we were using open source at first, but after less than a year, it was no longer an option. But we can trust IBM will continue to support blockchain as a technology partner.
Cons
- Price, as it may a bit expensive to use
- Local support, as IBM always uses global support where it is hard to get.
- Reduce time to develop as IBM provides it out of the box
- Price is big concern on ROI
IBM is no. 1 for an active blockchain platform. Its version is much better than Amazon Managed Blockchain. With the branding of IBM, compared to others or building our own, it is easier for us to convince partners to join our network and use our solution. Plus, IBM is the easiest blockchain to set up and build that we've found so far.
Do you think IBM Blockchain Platform delivers good value for the price?
Yes
Are you happy with IBM Blockchain Platform's feature set?
Yes
Did IBM Blockchain Platform live up to sales and marketing promises?
Yes
Did implementation of IBM Blockchain Platform go as expected?
Yes
Would you buy IBM Blockchain Platform again?
Yes
Comments
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