Blockchain for Enterprise comparison & reviews

Summary
Rank
1st 3rd 2nd
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Analysis expand by MLG Blockchain Jeff Holek
 		by MLG Blockchain
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  • Limitation
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  • Information Only
Pros
  • + Can support effective private networks
  • + Built for enterprise implementations
  • + Strong, professional backing of contributors
  • + Clear Use Case
  • + Wide Adoption in Finance
  • + Focused service offering that makes it easy to use
  • + Highest number of existing Enterprise use cases than other platforms
  • + Supports IoT and hardware to expand solution set
  • + Significant high profile support
Cons
  • - 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
  • - Speculators can have impact on the cryptocurrency side of the project
  • - Recent controversy with SEC (link in popup)
  • - Early ledger entries are missing
  • - 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.
  Content  
  •  
Overview
Modular blockchain platform architecture allowing plug-and-play implementations of various functions. Hosts any mainstream language for smart contract development.
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
VeChains vision is to build a trust-free and distributed business ecosystem that enables transparent information flow, high speed value transfer and efficient collaboration.
Applications expand
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  Crypto Assets  
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Cryptocurrency
None
Ripple (XRP)
VeChain Token (VET) and VeThor Tokens (VTHO)
  Logic  
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Smart Contract Functionality
Yes
No
Yes
Support expand
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  Providers  
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% Providers with experience
0.93
0.33
N/A
  Community  
  •  
Size of Developer Team
Large
Moderate
Large
  •  
Support Team / Community
Large. IBM has a direct support line.
Moderate
Large
  •  
Partnerships / Alliances / Size
200+
Large
Large
  Updates  
  •  
Frequency of Updates
Quarterly
Quarterly
Frequent
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Future Planned Work
V1.2
Cobalt Algorithm
Main Net Rollout
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  General  
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Maturity
First release: July 2017


Initially released in 2012. Whitepaper released in 2017 with commercial applications
Token First Available: 2015
First IoT PoC: 2016
Mainnet: June 30 2018
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Governance
Linux Foundation - Hyperledger Project Contributors
Ripple Labs
VeChain Foundation. Multi tiered involving a Steering Board, Advisory Board and a number of committes comprised by the public, and investors in the network.
  •  
Enterprise Focus
Strong Focus
Strong focus, as their core product offerings cater to global banking solutions.
Core Focus
  •  
Production Ready
Yes
Yes
Yes
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Website
Link
Website link
Link
Architecture expand
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  Security  
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Security model
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
Transactions are confirmed and validated through validator nodes.
"Block Security Protocol" (BSP)
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Permissions
Consortium

Permissioned, private network.
Permissioned
Permissioned Aspects
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Privacy
Private Channels
Transaction information on the ledger is public, but payment information is not.
Yes
  Algorithms  
  •  
Consensus
Multiple options:

Pluggable Framework
No-op (no consensus)
PBFT
Ripple Protocol Consensus Algorithm

70+ validators
Proof of Authority
  Efficiency  
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Transaction Time
Varies
Fast
No data
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Block Confirmation Time
Varies
TBD
Fast
  Development  
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Proprietary Codebase
Open Source
Open source with proprietary applications
Open source with proprietary applications
  General  
  •  
Blockchain / DLT type
Federated / Consortium, Permissioned Network
Permissioned Network, Public Architecture
Public
  •  
Modularity
Modular Architecture is a core focus of Platform
Yes
Yes
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Scalability
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.
1500 TPS with potential of tens of thousands through Ripple Payment Channels
50 - 10,000 TPS
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Storage Capacity
500 transactions per block
Large
Depends on implementation
TCO expand
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  Utilities  
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Energy Consumption
Varies
Low
Medium
  Change Management  
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Ease of Integration in Legacy Systems
Varies
Easy
Easy
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Difficulty to Use
Low-Moderate
Easy
Easy
  Maintenance  
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Required ongoing Support
Yes
Low
Low
  Pricing  
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Cost to Use
Free
Varies
Varies
Integration expand
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  Licensing  
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Licensing
Apache 2.0
ISC
GNU Lesser General Public License v3.0
  industry focus  
  •  
Industry
Industry Agnostic
Financial Services
  Developers  
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Development Environment (Languages/SDKs)
Golang, Java, NodeJS, Python
C/C++, Java, node.js , Go
GoLang, C, Solidity, JavaScript, Java, TypeScript
  Third Party Support  
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API Support
Yes
Yes
Yes
Market Presence expand
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  Engagements  
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% share of engagements
0.12
0.04
N/A
  Uses  
  •  
Number of Use Cases / Implementations
Large
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
Yes
No
Yes
  •  
Automotive
Yes
No
Yes

Matrix Score

  •  
  •  
  • The Linux Foundation
  • Ripple
  • VeChain Foundation
  •  
  • 1 st
  • 3 rd
  • 2 nd
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