Blockchain for Enterprise comparison & reviews

Summary
Rank
3rd 1st 1st
Score
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Analysis expand Jeff Holek
 		by MLG Blockchain by MLG Blockchain
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Information expand
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  • Fully Supported
  • Limitation
  • Not Supported
  • Information Only
Pros
  • + 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
  • + Strong, professional backing of contributors
  • + Can support effective private networks
  • + Built for enterprise implementations
  • + Applies the hyperledger fabric to its business focused application
Cons
  • - 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
  • - 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
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 platform architecture allowing plug-and-play implementations of various functions. Hosts any mainstream language for smart contract development.
Modular Blockchain Environment using Hyperledger Fabric, delivered via IBM Cloud
Applications expand
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  Crypto Assets  
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Cryptocurrency
Ripple (XRP)
None
None
  Logic  
  •  
Smart Contract Functionality
No
Yes
Yes
Support expand
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  Providers  
  •  
% Providers with experience
0.33
0.93
93% (Hyperledger)
  Community  
  •  
Size of Developer Team
Moderate
Large
Large
  •  
Support Team / Community
Moderate
Large. IBM has a direct support line.
Large. IBM has a direct support line.
  •  
Partnerships / Alliances / Size
Large
200+
Large. Latest: Veridium Labs, Stellar - Generating and Tracking Carbon Credits on the Blockchain
  Updates  
  •  
Frequency of Updates
Quarterly
Quarterly
Frequent
  •  
Future Planned Work
Cobalt Algorithm
V1.2
Scale into multiple industries
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  General  
  •  
Maturity
Initially released in 2012. Whitepaper released in 2017 with commercial applications
First release: July 2017


IBM unveiled its “Blockchain as a Service” offering in March 2017.
  •  
Governance
Ripple Labs
Linux Foundation - Hyperledger Project Contributors
IBM Proprietary BaaS Platform

Linux Foundation
  •  
Enterprise Focus
Strong focus, as their core product offerings cater to global banking solutions.
Strong Focus
Strong Focus. Major contributor to the Hyperledger Fabric project.
  •  
Production Ready
Yes
Yes
Yes
  •  
Website
Website link
Link
Link
Architecture expand
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  Security  
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Security model
Transactions are confirmed and validated through validator nodes.
Membership Service Provider - pluggable interface that supports customizable credential architectures and certificate authorities

Concrete identity format
User credential validation
User credential revocation
Signature generation and verification
Similar security models to Hyperledger Fabric, but also incorporates the IBM Cloud Services as an added security layer when using the platform.
  •  
Permissions
Permissioned
Consortium

Permissioned, private network.
Permissioned
  •  
Privacy
Transaction information on the ledger is public, but payment information is not.
Private Channels
Private channels
  Algorithms  
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Consensus
Ripple Protocol Consensus Algorithm

70+ validators
Multiple options:

Pluggable Framework
No-op (no consensus)
PBFT
Plugable consensus (PBFT)
  Efficiency  
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Transaction Time
Fast
Varies
Varies
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Block Confirmation Time
TBD
Varies
Varies
  Development  
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Proprietary Codebase
Open source with proprietary applications
Open Source
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
Permissioned Network, Public Architecture
Federated / Consortium, Permissioned Network
Federated / Consortium, Permissioned Network
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Modularity
Yes
Modular Architecture is a core focus of Platform
Plug + Play Architecture

Easy to operate software platform to build out use case, test, and implement
  •  
Scalability
1500 TPS with potential of tens of thousands through Ripple Payment Channels
1000 TPS capacity for now. Developed with scaling in mind. Provides flexibility in size and throughput depending on the implementation.

A Performance and Scalability Workgroup exists within the community to discuss, research, and identify key use cases and metrics for all blockchains.
Supports 1000 TPS. Designed for high throughput business applications. Scales relative to Hyperledger Fabric new developments.
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Storage Capacity
Large
500 transactions per block
500 transactions per block
TCO expand
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  Utilities  
  •  
Energy Consumption
Low
Varies
Low
  Change Management  
  •  
Ease of Integration in Legacy Systems
Easy
Varies
Easy
  •  
Difficulty to Use
Easy
Low-Moderate
Low
  Maintenance  
  •  
Required ongoing Support
Low
Yes
Yes
  Pricing  
  •  
Cost to Use
Varies
Free
Free starter version, then $1000/month + $1000/month for each peer deployed
Integration expand
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  Licensing  
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Licensing
ISC
Apache 2.0
Apache 2.0
  industry focus  
  •  
Industry
Financial Services
Industry Agnostic
Cross-industry
  Developers  
  •  
Development Environment (Languages/SDKs)
C/C++, Java, node.js , Go
Golang, Java, NodeJS, Python
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  
  •  
% share of engagements
0.04
0.12
12% (Hyperledger)
  Uses  
  •  
Number of Use Cases / Implementations
Large
Large
Large
  Industry Focus  
  •  
Retail
No
Yes
Yes
  •  
Finance
Yes
Yes
Yes
  •  
Logistics
No
Yes
Yes
  •  
Health Care
No
Yes
Yes
  •  
Government
Yes
Yes
Yes
  •  
Agriculture
No
Yes
Yes
  •  
Entertainment
No
Yes
Yes
  •  
Automotive
No
Yes
Yes

Matrix Score

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