Blockchain for Enterprise comparison & reviews

Summary
Rank
1st 1st 5th
Score
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  • Limitation
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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
  • + Applies the hyperledger fabric to its business focused application
  • + Large development community
  • + Quick to develop applications on
  • + Wide array of use cases
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
  • - Public blockchain creates security concerns
  • - Uses cryptocurrency as fuel for transactions
  • - Forks can cause complications
  Content  
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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 Environment using Hyperledger Fabric, delivered via IBM Cloud
Generic, open-source,  blockchain based distributed computing platform for applications to be built upon.
Applications expand
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  Crypto Assets  
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Cryptocurrency
Ripple (XRP)
None
Ether (ETH)
  Logic  
  •  
Smart Contract Functionality
No
Yes
Yes
Support expand
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  Providers  
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% Providers with experience
0.33
93% (Hyperledger)
0.93
  Community  
  •  
Size of Developer Team
Moderate
Large
Large
  •  
Support Team / Community
Moderate
Large. IBM has a direct support line.
Large
  •  
Partnerships / Alliances / Size
Large
Large. Latest: Veridium Labs, Stellar - Generating and Tracking Carbon Credits on the Blockchain
EEA - 150+ companies
  Updates  
  •  
Frequency of Updates
Quarterly
Frequent
High
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Future Planned Work
Cobalt Algorithm
Scale into multiple industries
v3.5
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  General  
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Maturity
Initially released in 2012. Whitepaper released in 2017 with commercial applications
IBM unveiled its “Blockchain as a Service” offering in March 2017.
Live first in July 2015 (first public blockchain)

First stable release March 2016
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Governance
Ripple Labs
IBM Proprietary BaaS Platform

Linux Foundation
Ethereum Developers
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Enterprise Focus
Strong focus, as their core product offerings cater to global banking solutions.
Strong Focus. Major contributor to the Hyperledger Fabric project.
Moderate Focus. Through forks, Quorum and Enterprise Ethereum Alliance
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Production Ready
Yes
Yes
Yes
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Website
Website link
Link
Link
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  Security  
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Security model
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.
No data encryption or channel partition and is public.

Merkle Patricia Trie Data structure
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Permissions
Permissioned
Permissioned
Permissionless
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Privacy
Transaction information on the ledger is public, but payment information is not.
Private channels
Limited (zk-SNARKs, Ring signatures)
  Algorithms  
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Consensus
Ripple Protocol Consensus Algorithm

70+ validators
Plugable consensus (PBFT)
PoW & PoS
  Efficiency  
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Transaction Time
Fast
Varies
Moderate
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Block Confirmation Time
TBD
Varies
~12 blocks
  Development  
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Proprietary Codebase
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
Open Source
  General  
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Blockchain / DLT type
Permissioned Network, Public Architecture
Federated / Consortium, Permissioned Network
Public with Private Forks
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Modularity
Yes
Plug + Play Architecture

Easy to operate software platform to build out use case, test, and implement
Generic, with DApp and Smart Contract support for wider applications
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Scalability
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.
limited by PoW

currently supports a maximum of 15 TPS
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Storage Capacity
Large
500 transactions per block
Varies
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  Utilities  
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Energy Consumption
Low
Low
Low
  Change Management  
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Ease of Integration in Legacy Systems
Easy
Easy
Hard
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Difficulty to Use
Easy
Low
Moderate
  Maintenance  
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Required ongoing Support
Low
Yes
Yes
  Pricing  
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Cost to Use
Varies
Free starter version, then $1000/month + $1000/month for each peer deployed
Low
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  Licensing  
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Licensing
ISC
Apache 2.0
Varous licenses for different parts of code
  industry focus  
  •  
Industry
Financial Services
Cross-industry
Cross-industry
  Developers  
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Development Environment (Languages/SDKs)
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
Golang, C++, Rust, Python, Solidity
  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
0.04
12% (Hyperledger)
0.52
  Uses  
  •  
Number of Use Cases / Implementations
Large
Large
Large
  Industry Focus  
  •  
Retail
No
Yes
No
  •  
Finance
Yes
Yes
No
  •  
Logistics
No
Yes
No
  •  
Health Care
No
Yes
No
  •  
Government
Yes
Yes
No
  •  
Agriculture
No
Yes
No
  •  
Entertainment
No
Yes
Yes
  •  
Automotive
No
Yes
No

Matrix Score

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