IBM Blockchain in Action
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.
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
Comments
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