IBM Blockchain in Action
September 08, 2020

IBM Blockchain in Action

Jay Fallah | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with IBM Blockchain Platform

We use the IBM Blockchain Platform for security, privacy and data-integrity when it comes to collaborating on digital assets. A use case would be for the negotiable trade finance instruments allowing consensus in trust between parties. Other use cases that we are involved with are similar. The business requirement for siloed parties to collaborate securely and adhere to the GDPR privacy regulation and compliance while creating trust and data-integrity in the digital asset that is being collaborated on.

Pros

  • Private blockchain.
  • Hierarchical permission levels that are realistic when it comes to businesses.
  • Ability to write code using easy to use frameworks and tools.

Cons

  • Decentralized and distributed implementation.
  • Delimitation of interactions and metering.
  • Moving to less verbose more modern safe languages such as Kotlin, Rust, Swift, etc.
  • ROI suffers since it is expensive and not well documented.
  • ROI suffers from a lack of understanding in the market.
  • ROI suffers from the lack of developers.
IBM Blockchain Platform for better or worse has a defined low-code path for development. The main reasons were the speed of transaction since it is a central and not distributed workflow and the lack of consensus between parties that are not involved in the transaction reduces overhead for each transaction. At the same time examples by IBM in supply chain makes it an easy to work with for this type of use case.
The support is almost non existent. We went as far as partnering with IBM and paying for support and training and still when the trainer with material on hand fails doing exactly what the documentation is suggesting is a clear indication of the lack of maturity in the platform. This will change in the future, however at the moment it is not mature enough to go beyond experimentation or proof of concept. IBM has to give much more resources and effort for this to happen.

Do you think IBM Blockchain Platform delivers good value for the price?

No

Are you happy with IBM Blockchain Platform's feature set?

No

Did IBM Blockchain Platform live up to sales and marketing promises?

No

Did implementation of IBM Blockchain Platform go as expected?

No

Would you buy IBM Blockchain Platform again?

Yes

Well suited when the user and people who are interacting with the system are well known in advance. Typically a business with defined processes and a highly integrated vertical comes to mind. Much less so when it comes to doing all business planning with IBM Blockchain Platform. IBM Blockchain Platform, same as any other tool in the tool chest, has its place and use and could be abused.

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