TrustRadius Insights for IBM Blockchain Platform are summaries of user sentiment data from TrustRadius reviews and, when necessary, third party data sources.
Pros
Immutability in Transactions: Users have appreciated the concept of immutability, ensuring that transactions are permanently recorded.
Distributed Ledger Feature: Customers value the transparency and decentralization brought by maintaining their own ledger copy on a blockchain network.
Security Measures: Reviewers have praised the security provided through authentication using public and private keys.
Rich Documentation Repository: The availability of a rich documentation repository is highly praised, facilitating learning and development for users.
Efficient Tools: Users find the tools provided to be amazing, aiding in task efficiency.
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.
VU
Verified User
Director in Research & Development (1001-5000 employees)
We are using IBM Blockchain Platform across the whole organization to sign transactions, documents, videos and any other type of documentary evidence. We are designing a solution that makes the verification process easy and understandable to the final consumers, making the data record friendly and readable
Pros
Rich repository of documentation
Amazing tools
Easy to understand
Fast to start
Good technical and sales support
Cons
Does not have a free trial
Some general error messages in extension of VS Code
Likelihood to Recommend
This is a very flexible solution that can be used in almost any sector. They have very good documentation and use cases to help you understand the power of the tool. The deployment is simple and there is a lot of documentation that can be reviewed before your implementation. The use cases are in different sectors, you can invite your team to review the demonstrations to better understand the scope of the solution.
In NuArca we are using IBM Blockchain Platform to solve real problems. We have several products based on blockchain. We used this across the projects and departments. We are solving several business problems with it. For example, we've built a voting solution, certificate solution, and an asset distribution solution. We are partnering with several US companies to provide these solutions to them.
Pros
This is a well managed private chain so, best in providing solutions to private organizations.
For an organization that manages a large amount of data, IBM Blockchain Platform is highly recommended.
Security-wise it's well designed to work with several organizations and consortia.
Cons
IBM Blockchain Platform dashboard can be better and fast.
Feature-wise many advanced features can be added for better management of IBM Blockchain Platform.
The certificate is difficult to handle and not auto-renewed when it's expired. It's a really difficult process to renew it.
Likelihood to Recommend
This is a huge platform. This whole platform can be managed inside the Kubernetes by themselves but for production-level support and throughput, it's strongly recommended to use IBM Blockchain Platform. There are some pros and cons, but they are improving. So, I think if an organization needs a private blockchain platform, then this is recommended.
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.
Likelihood to Recommend
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.
IBM Blockchain Platform is being used in Casey, our soon-to-be-released COVID-19 case management system. Casey uses IBM Blockchain Platform to manage and deploy our Hyperledger Fabric applications. IBM Blockchain Platform helps us to be confident that we are always using best practices in our development journey.
Pros
We need to create organizations, channels, and nodes dynamically through code. IBM Blockchain Platform makes this easier for us.
By using IBM Blockchain Platform, we gain the advantage of IBM's advanced tools that facilitate necessary activities such as governance.
Critical tasks such as installing and upgrading chain code and other related tasks are made easier by IBM Blockchain Platform.
IBM Blockchain Platform takes away many unknowns and helps us to plan the project with confidence.
Cons
More levels of pricing. I think the pricing is the number one deterrent. Also, the high cost of development and R&D causes customers to hesitate to commit to IBM Blockchain Platform.
Likelihood to Recommend
This is entirely depending on the budget. For enterprise applications, IBM Blockchain Platform is clearly the best choice because our developers and our customers can be confident that the architecture is sound and any development or scaling challenges will be met.
