Blockchain for Enterprise comparison & reviews

Summary
Rank
1st 3rd 5th
Score
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Analysis expand by MLG Blockchain Jeff Holek
 		by MLG Blockchain
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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
  • + Large development community
  • + Quick to develop applications on
  • + Wide array of use cases
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
  • - Public blockchain creates security concerns
  • - Uses cryptocurrency as fuel for transactions
  • - Forks can cause complications
  Content  
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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
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
None
Ripple (XRP)
Ether (ETH)
  Logic  
  •  
Smart Contract Functionality
Yes
No
Yes
Support expand
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  Providers  
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% Providers with experience
0.93
0.33
0.93
  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
EEA - 150+ companies
  Updates  
  •  
Frequency of Updates
Quarterly
Quarterly
High
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Future Planned Work
V1.2
Cobalt Algorithm
v3.5
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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
Live first in July 2015 (first public blockchain)

First stable release March 2016
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Governance
Linux Foundation - Hyperledger Project Contributors
Ripple Labs
Ethereum Developers
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Enterprise Focus
Strong Focus
Strong focus, as their core product offerings cater to global banking solutions.
Moderate Focus. Through forks, Quorum and Enterprise Ethereum Alliance
  •  
Production Ready
Yes
Yes
Yes
  •  
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.
No data encryption or channel partition and is public.

Merkle Patricia Trie Data structure
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Permissions
Consortium

Permissioned, private network.
Permissioned
Permissionless
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Privacy
Private Channels
Transaction information on the ledger is public, but payment information is not.
Limited (zk-SNARKs, Ring signatures)
  Algorithms  
  •  
Consensus
Multiple options:

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

70+ validators
PoW & PoS
  Efficiency  
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Transaction Time
Varies
Fast
Moderate
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Block Confirmation Time
Varies
TBD
~12 blocks
  Development  
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Proprietary Codebase
Open Source
Open source with proprietary applications
Open Source
  General  
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Blockchain / DLT type
Federated / Consortium, Permissioned Network
Permissioned Network, Public Architecture
Public with Private Forks
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Modularity
Modular Architecture is a core focus of Platform
Yes
Generic, with DApp and Smart Contract support for wider applications
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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
limited by PoW

currently supports a maximum of 15 TPS
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Storage Capacity
500 transactions per block
Large
Varies
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  Utilities  
  •  
Energy Consumption
Varies
Low
Low
  Change Management  
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Ease of Integration in Legacy Systems
Varies
Easy
Hard
  •  
Difficulty to Use
Low-Moderate
Easy
Moderate
  Maintenance  
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Required ongoing Support
Yes
Low
Yes
  Pricing  
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Cost to Use
Free
Varies
Low
Integration expand
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  Licensing  
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Licensing
Apache 2.0
ISC
Varous licenses for different parts of code
  industry focus  
  •  
Industry
Industry Agnostic
Financial Services
Cross-industry
  Developers  
  •  
Development Environment (Languages/SDKs)
Golang, Java, NodeJS, Python
C/C++, Java, node.js , Go
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
0.12
0.04
0.52
  Uses  
  •  
Number of Use Cases / Implementations
Large
Large
Large
  Industry Focus  
  •  
Retail
Yes
No
No
  •  
Finance
Yes
Yes
No
  •  
Logistics
Yes
No
No
  •  
Health Care
Yes
No
No
  •  
Government
Yes
Yes
No
  •  
Agriculture
Yes
No
No
  •  
Entertainment
Yes
No
Yes
  •  
Automotive
Yes
No
No

Matrix Score

  •  
  •  
  • The Linux Foundation
  • Ripple
  • Ethereum Foundation
  •  
  • 1 st
  • 3 rd
  • 5 th
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