Microsoft has taken the top spot as the leading blockchain-as-a-service (BaaS) from the ABI Research competitive assessment.
The technology giant has been involved in blockchain projects since at least 2015, and offers a host of services on its Azure cloud computing platform, the most notable is the Azure Blockchain Workbench.
ABI Research is a market-foresight advisory firm which provides guidance on transformative technologies.
- Leadership Webinar: Which-50’s 2019 Outlook and Business Transformation Drivers webinar is set for November 27. Register today!
IBM came close second after Microsoft with ABI Research claiming the two firms are a league ahead of other vendors in terms of their BaaS offerings.
Other vendors ranked were Alibaba, Amazon, Baidu, Cisco, HPE, Huawei, IBM, Microsoft, Oracle, SAP, and Tencent, based on ABI Research’s proven innovation and implementation criteria framework.
Each vendor was analysed on innovation metrics such as market penetration, proof of concepts and pilots, and ecosystem support, and implementation metrics such as platform diversity, primary features, developer resources, and integration with their own solutions.
Michela Menting, Research Director at ABI Research said, “The advent of cloud offerings in the space shows that blockchain technology is ripe for productisation. Microsoft and IBM are capitalising on the numerous proof of concepts and pilots that have been tested on their platforms in the last two years, the first of which are already being commercialised.
“While IBM has some of the more advanced pilots to date, Microsoft leads on the implementation front, with a broad range of platform choices and deep integration with its existing cloud services.”
The rest of the assessed vendors are grouped loosely into a peloton, headed by SAP, and followed closely by Oracle and Cisco.
As more recent re-entrants into the market, all three have accelerated the commercialisation of their offerings, providing feature-rich platforms, broad market range, dynamic ecosystem support, and integration with both their own and third-party solutions.
ABI Research noted the remaining vendors also offer some interesting BaaS platforms, at varying stages of maturity and deployment, with the most recent, Huawei, launching in October. As such, their relative youth and the nascent nature of the BaaS market means that this current standing is likely to change very rapidly over the coming year.
These findings are from ABI Research’s Blockchain-as-a-Service Competitive Assessment report. This report is part of the company’s Blockchain and Distributed Ledger Technologies research service, which includes research, data, and Executive Foresights.