Blockchain for Enterprise comparison & reviews

Summary
Rank
1st 5th 1st
Score
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Analysis expand by MLG Blockchain by MLG Blockchain by MLG Blockchain
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Information expand
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  • Fully Supported
  • Limitation
  • Not Supported
  • Information Only
Pros
  • + Highest number of existing Enterprise use cases than other platforms
  • + Supports IoT and hardware to expand solution set
  • + Significant high profile support
  • + Large development community
  • + Quick to develop applications on
  • + Wide array of use cases
  • + Modular Focus (customized transaction rules, consensus algorithms, permissioning)
  • + Part of the Hyperledger Ecosystem
  • + Harnesses IoT technology to provide additional data
Cons
  • - Codebase was just released open-source
  • - Still risky as main net is just releasing
  • - Two coin ecosystem and consensus algorithm still a risk as it is untested long-term.
  • - Public blockchain creates security concerns
  • - Uses cryptocurrency as fuel for transactions
  • - Forks can cause complications
  • - Open source codebase
  • - Very young in development
  • - Still requires many bug fixes
  Content  
  •  
Overview
VeChains vision is to build a trust-free and distributed business ecosystem that enables transparent information flow, high speed value transfer and efficient collaboration.
Generic, open-source,  blockchain based distributed computing platform for applications to be built upon.
Modular Blockchain Platform, released by Hyperledger and championed by Intel.

Applications expand
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  Crypto Assets  
  •  
Cryptocurrency
VeChain Token (VET) and VeThor Tokens (VTHO)
Ether (ETH)
None
  Logic  
  •  
Smart Contract Functionality
Yes
Yes
Yes
Support expand
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  Providers  
  •  
% Providers with experience
N/A
0.93
No data
  Community  
  •  
Size of Developer Team
Large
Large
Moderate
  •  
Support Team / Community
Large
Large
Moderate. Some developer resources on Wiki and GitHub.
  •  
Partnerships / Alliances / Size
Large
EEA - 150+ companies
Moderate
  Updates  
  •  
Frequency of Updates
Frequent
High
High
  •  
Future Planned Work
Main Net Rollout
v3.5
Bug Fixes
Assessment expand
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  General  
  •  
Maturity
Token First Available: 2015
First IoT PoC: 2016
Mainnet: June 30 2018
Live first in July 2015 (first public blockchain)

First stable release March 2016
Sawtooth 1.0 released in Nov 2017
  •  
Governance
VeChain Foundation. Multi tiered involving a Steering Board, Advisory Board and a number of committes comprised by the public, and investors in the network.
Ethereum Developers
Linux Foundation - Hyperledger Project

On-chain Governance
  •  
Enterprise Focus
Core Focus
Moderate Focus. Through forks, Quorum and Enterprise Ethereum Alliance
Strong Focus
  •  
Production Ready
Yes
Yes
Yes
  •  
Website
Link
Link
Link
Architecture expand
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  Security  
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Security model
"Block Security Protocol" (BSP)
No data encryption or channel partition and is public.

Merkle Patricia Trie Data structure
SGX / PoET

All transactions are signed by known identities.
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Permissions
Permissioned Aspects
Permissionless
Permissioned, Permissionless depending on application
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Privacy
Yes
Limited (zk-SNARKs, Ring signatures)
Configrable permissions for any node cluster within the network
  Algorithms  
  •  
Consensus
Proof of Authority
PoW & PoS
PoET
Dynamic, Pluggable Consensus Algorithms
  Efficiency  
  •  
Transaction Time
No data
Moderate
Fast
  •  
Block Confirmation Time
Fast
~12 blocks
Varies
  Development  
  •  
Proprietary Codebase
Open source with proprietary applications
Open Source
Open Source
  General  
  •  
Blockchain / DLT type
Public
Public with Private Forks
Federated / Consortium, Permissioned Network
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Modularity
Yes
Generic, with DApp and Smart Contract support for wider applications
Modular Architecture. Incorporates IoT Sensors that can broaden the use case.
  •  
Scalability
50 - 10,000 TPS
limited by PoW

currently supports a maximum of 15 TPS
1000 TPS. Built to be scalable in the way that consensus algorithms can be changed, applications are separate from the core system, and transactions can occur in parallel.
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Storage Capacity
Depends on implementation
Varies
Varies
TCO expand
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  Utilities  
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Energy Consumption
Medium
Low
Low
  Change Management  
  •  
Ease of Integration in Legacy Systems
Easy
Hard
Varies
  •  
Difficulty to Use
Easy
Moderate
Easy
  Maintenance  
  •  
Required ongoing Support
Low
Yes
Yes
  Pricing  
  •  
Cost to Use
Varies
Low
Low-Moderate
Integration expand
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  Licensing  
  •  
Licensing
GNU Lesser General Public License v3.0
Varous licenses for different parts of code
Apache 2.0
  industry focus  
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Industry
Cross-industry
Cross-industry
  Developers  
  •  
Development Environment (Languages/SDKs)
GoLang, C, Solidity, JavaScript, Java, TypeScript
Golang, C++, Rust, Python, Solidity
Python, JavaScript, Go, C++, Java
  Third Party Support  
  •  
API Support
Yes
Yes
Yes
Market Presence expand
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  Engagements  
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% share of engagements
N/A
0.52
No data
  Uses  
  •  
Number of Use Cases / Implementations
Large
Large
Moderate
  Industry Focus  
  •  
Retail
Yes
No
Yes
  •  
Finance
Yes
No
Yes
  •  
Logistics
Yes
No
Yes
  •  
Health Care
Yes
No
Yes
  •  
Government
Yes
No
Yes
  •  
Agriculture
Yes
No
Yes
  •  
Entertainment
Yes
Yes
No
  •  
Automotive
Yes
No
Yes

Matrix Score

  •  
  •  
  • IBM
  • Ethereum Foundation
  • The Linux Foundation
  •  
  • 1 st
  • 5 th
  • 1 st
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