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Building blockchain based solutions rapidly using IBM Blockchain Platform
December 31, 2020

Building blockchain based solutions rapidly using IBM Blockchain Platform

Anonymous | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with IBM Blockchain Platform

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.
  • 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.
  • 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.
  • Given the pandemic situation, we have to wait for the true ROI.
  • ROI is subjective, which could vary from solution to solution. ROI of our solution cannot be a measure for others.
  • Adaptability of these technologies is time taking. Customers who foresee the benefits of distributed ledger, immutability, security will surely consider this as an investment.
We looked at Ethereum but didn't do any deep research on this. Focus was most on establishing a private blockchain network.
So far so good. Thankfully we built the solution with the help of IBM. We went through the garage process for evaluation and identification of use case. Successfully made a pilot solution and ran with couple of customer. From there we built an MVP and extended it beyond which is currently LIVE.

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

Not sure

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

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.