TrustSQL vs Microsoft Blockchain on Azure vs IBM Blockchain
What problem does this service solve?
TrustSQL is a BaaS platform developed by the Chinese internet giant Tencent. It aims to provide all the tools companies need to easily develop blockchain applications. | Microsoft's BaaS solution provides customers with a set of templates that easily be configured and will deploy a variety of blockchain structures. | The IBM Blockchain Platform is designed to assist developers in creating and operating an application with a blockchain network. |
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Company Description
TrustSQL is the BaaS pltafrom that the Chinese technology giant, Tencent, is building. Tencent's BaaS platform is designed to provide all the tools necessary for developing blockchain applications. Tencent hopes to utilize its enormous market share in the Chinese internet market to become a player in this quickly growing field. The company is competing against Alibaba and Baidu in a large number of industries, and blockchain will be another sector for them to engage in. The company released a whitepaper, in 2017, that outlined their plans but they have yet to bring on a significant amount of clients. | Microsoft Blockchain on Azure allows companies to deploy distributed ledger applications with minimal blockchain knowledge. Microsoft is the biggest software company in the world, and its BaaS solution has a number of advantages. Clients are able to quickly create a fully configured blockchain network, allowing them to on focus on building their applications. Customers are charged for the storage, networking, and computing resources that they consume. | IBM's Blockchain Platform is the company's BaaS solution that it delivers through the IBM Cloud. It simplifies the process of deploying a blockchain-enabled application. IBM's platform has a number of unique features. These include, a pluggable architecture that allows developers to use software modules and a new consensus algorithm, that IBM developed, and is tailored to specific use cases. It also enables cryptographic identity management and smart contracts that can be written in popular programming languages, such as Java, and then executed in containers. |