Blockchain for Enterprise comparison & reviews

Summary
Rank
1st 1st 1st
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Analysis expand by MLG Blockchain by MLG Blockchain by MLG Blockchain
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  • Fully Supported
  • Limitation
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  • 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
  • + Applies the hyperledger fabric to its business focused application
  • + Modular Focus (customized transaction rules, consensus algorithms, permissioning)
  • + Part of the Hyperledger Ecosystem
  • + Harnesses IoT technology to provide additional data
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
  • - Open source codebase
  • - Very young in development
  • - Still requires many bug fixes
  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 Environment using Hyperledger Fabric, delivered via IBM Cloud
Modular Blockchain Platform, released by Hyperledger and championed by Intel.

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
93% (Hyperledger)
No data
  Community  
  •  
Size of Developer Team
Moderate
Large
Moderate
  •  
Support Team / Community
Moderate
Large. IBM has a direct support line.
Moderate. Some developer resources on Wiki and GitHub.
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Partnerships / Alliances / Size
Large
Large. Latest: Veridium Labs, Stellar - Generating and Tracking Carbon Credits on the Blockchain
Moderate
  Updates  
  •  
Frequency of Updates
Quarterly
Frequent
High
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Future Planned Work
Cobalt Algorithm
Scale into multiple industries
Bug Fixes
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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.
Sawtooth 1.0 released in Nov 2017
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Governance
Ripple Labs
IBM Proprietary BaaS Platform

Linux Foundation
Linux Foundation - Hyperledger Project

On-chain Governance
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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.
Strong Focus
  •  
Production Ready
Yes
Yes
Yes
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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.
Similar security models to Hyperledger Fabric, but also incorporates the IBM Cloud Services as an added security layer when using the platform.
SGX / PoET

All transactions are signed by known identities.
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Permissions
Permissioned
Permissioned
Permissioned, Permissionless depending on application
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Privacy
Transaction information on the ledger is public, but payment information is not.
Private channels
Configrable permissions for any node cluster within the network
  Algorithms  
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Consensus
Ripple Protocol Consensus Algorithm

70+ validators
Plugable consensus (PBFT)
PoET
Dynamic, Pluggable Consensus Algorithms
  Efficiency  
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Transaction Time
Fast
Varies
Fast
  •  
Block Confirmation Time
TBD
Varies
Varies
  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
Federated / Consortium, Permissioned Network
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Modularity
Yes
Plug + Play Architecture

Easy to operate software platform to build out use case, test, and implement
Modular Architecture. Incorporates IoT Sensors that can broaden the use case.
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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.
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.
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Storage Capacity
Large
500 transactions per block
Varies
TCO expand
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  Utilities  
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Energy Consumption
Low
Low
Low
  Change Management  
  •  
Ease of Integration in Legacy Systems
Easy
Easy
Varies
  •  
Difficulty to Use
Easy
Low
Easy
  Maintenance  
  •  
Required ongoing Support
Low
Yes
Yes
  Pricing  
  •  
Cost to Use
Varies
Free starter version, then $1000/month + $1000/month for each peer deployed
Low-Moderate
Integration expand
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  Licensing  
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Licensing
ISC
Apache 2.0
Apache 2.0
  industry focus  
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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
Python, JavaScript, Go, C++, Java
  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)
No data
  Uses  
  •  
Number of Use Cases / Implementations
Large
Large
Moderate
  Industry Focus  
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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
No
  •  
Automotive
No
Yes
Yes

Matrix Score

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  • The Linux Foundation
  • IBM
  • The Linux Foundation
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