Blockchain for Enterprise comparison & reviews

Summary
Rank
1st 3rd 1st
Score
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Analysis expand by MLG Blockchain Jeff Holek
 		by MLG Blockchain
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  • Fully Supported
  • Limitation
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  • Information Only
Pros
  • + Modular Focus (customized transaction rules, consensus algorithms, permissioning)
  • + Part of the Hyperledger Ecosystem
  • + Harnesses IoT technology to provide additional data
  • + Clear Use Case
  • + Wide Adoption in Finance
  • + Focused service offering that makes it easy to use
  • + Can support effective private networks
  • + Built for enterprise implementations
  • + Applies the hyperledger fabric to its business focused application
Cons
  • - Open source codebase
  • - Very young in development
  • - Still requires many bug fixes
  • - Speculators can have impact on the cryptocurrency side of the project
  • - Recent controversy with SEC (link in popup)
  • - Early ledger entries are missing
  • - Only centralized aspect is the Certificate Authority (CA) who issues certificates to eligible parties
  • - Support dependent on IBM’s help centre
  • - Still relatively young in development
  Content  
  •  
Overview
Modular Blockchain Platform, released by Hyperledger and championed by Intel.

One of the first commercially viable Finance focused blockchain solutions. Uses 3 core products (xCurrent, xRapid, xVia) in order to facilitate cross border transactions, liquitiy, and payment processing
Modular Blockchain Environment using Hyperledger Fabric, delivered via IBM Cloud
Applications expand
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  Crypto Assets  
  •  
Cryptocurrency
None
Ripple (XRP)
None
  Logic  
  •  
Smart Contract Functionality
Yes
No
Yes
Support expand
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  Providers  
  •  
% Providers with experience
No data
0.33
93% (Hyperledger)
  Community  
  •  
Size of Developer Team
Moderate
Moderate
Large
  •  
Support Team / Community
Moderate. Some developer resources on Wiki and GitHub.
Moderate
Large. IBM has a direct support line.
  •  
Partnerships / Alliances / Size
Moderate
Large
Large. Latest: Veridium Labs, Stellar - Generating and Tracking Carbon Credits on the Blockchain
  Updates  
  •  
Frequency of Updates
High
Quarterly
Frequent
  •  
Future Planned Work
Bug Fixes
Cobalt Algorithm
Scale into multiple industries
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  General  
  •  
Maturity
Sawtooth 1.0 released in Nov 2017
Initially released in 2012. Whitepaper released in 2017 with commercial applications
IBM unveiled its “Blockchain as a Service” offering in March 2017.
  •  
Governance
Linux Foundation - Hyperledger Project

On-chain Governance
Ripple Labs
IBM Proprietary BaaS Platform

Linux Foundation
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Enterprise Focus
Strong Focus
Strong focus, as their core product offerings cater to global banking solutions.
Strong Focus. Major contributor to the Hyperledger Fabric project.
  •  
Production Ready
Yes
Yes
Yes
  •  
Website
Link
Website link
Link
Architecture expand
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  Security  
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Security model
SGX / PoET

All transactions are signed by known identities.
Transactions are confirmed and validated through validator nodes.
Similar security models to Hyperledger Fabric, but also incorporates the IBM Cloud Services as an added security layer when using the platform.
  •  
Permissions
Permissioned, Permissionless depending on application
Permissioned
Permissioned
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Privacy
Configrable permissions for any node cluster within the network
Transaction information on the ledger is public, but payment information is not.
Private channels
  Algorithms  
  •  
Consensus
PoET
Dynamic, Pluggable Consensus Algorithms
Ripple Protocol Consensus Algorithm

70+ validators
Plugable consensus (PBFT)
  Efficiency  
  •  
Transaction Time
Fast
Fast
Varies
  •  
Block Confirmation Time
Varies
TBD
Varies
  Development  
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Proprietary Codebase
Open Source
Open source with proprietary applications
Hyperledger Fabric is open source. IBM Blockchain is a proprietary layer that sits on top of Hyperledger as a simple to use platform accessing the blockchain
  General  
  •  
Blockchain / DLT type
Federated / Consortium, Permissioned Network
Permissioned Network, Public Architecture
Federated / Consortium, Permissioned Network
  •  
Modularity
Modular Architecture. Incorporates IoT Sensors that can broaden the use case.
Yes
Plug + Play Architecture

Easy to operate software platform to build out use case, test, and implement
  •  
Scalability
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.
1500 TPS with potential of tens of thousands through Ripple Payment Channels
Supports 1000 TPS. Designed for high throughput business applications. Scales relative to Hyperledger Fabric new developments.
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Storage Capacity
Varies
Large
500 transactions per block
TCO expand
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  Utilities  
  •  
Energy Consumption
Low
Low
Low
  Change Management  
  •  
Ease of Integration in Legacy Systems
Varies
Easy
Easy
  •  
Difficulty to Use
Easy
Easy
Low
  Maintenance  
  •  
Required ongoing Support
Yes
Low
Yes
  Pricing  
  •  
Cost to Use
Low-Moderate
Varies
Free starter version, then $1000/month + $1000/month for each peer deployed
Integration expand
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  Licensing  
  •  
Licensing
Apache 2.0
ISC
Apache 2.0
  industry focus  
  •  
Industry
Cross-industry
Financial Services
Cross-industry
  Developers  
  •  
Development Environment (Languages/SDKs)
Python, JavaScript, Go, C++, Java
C/C++, Java, node.js , Go
Execution Runtimes (four are currently supported)
JavaScript SDK
Command Line Interface
REST Server
LoopBack Connector
Playground Web User Interface
Yeoman code generator
VSCode and Atom editor plugins
  Third Party Support  
  •  
API Support
Yes
Yes
Yes
Market Presence expand
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  Engagements  
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% share of engagements
No data
0.04
12% (Hyperledger)
  Uses  
  •  
Number of Use Cases / Implementations
Moderate
Large
Large
  Industry Focus  
  •  
Retail
Yes
No
Yes
  •  
Finance
Yes
Yes
Yes
  •  
Logistics
Yes
No
Yes
  •  
Health Care
Yes
No
Yes
  •  
Government
Yes
Yes
Yes
  •  
Agriculture
Yes
No
Yes
  •  
Entertainment
No
No
Yes
  •  
Automotive
Yes
No
Yes

Matrix Score

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  •  
  • The Linux Foundation
  • Ripple
  • IBM
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  • 1 st
  • 3 rd
  • 1 st
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