Blockchain for Enterprise comparison & reviews

Summary
Rank
1st 6th 3rd
Score
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Analysis expand by MLG Blockchain by MLG Blockchain Jeff Holek
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  • Fully Supported
  • Limitation
  • Not Supported
  • Information Only
Pros
  • + Highest number of existing Enterprise use cases than other platforms
  • + Supports IoT and hardware to expand solution set
  • + Significant high profile support
  • + Developing quickly with lots of capital and community presence
  • + Positioned well in the Entertainment Space as the market leader
  • + Development focus is for large commercial adoption
  • + Clear Use Case
  • + Wide Adoption in Finance
  • + Focused service offering that makes it easy to use
Cons
  • - 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.
  • - Still a while before large scale viability
  • - Controversey with copying Ethereum's platform
  • - Not targeted for Private Enterprise use
  • - Speculators can have impact on the cryptocurrency side of the project
  • - Recent controversy with SEC (link in popup)
  • - Early ledger entries are missing
  Content  
  •  
Overview
VeChains vision is to build a trust-free and distributed business ecosystem that enables transparent information flow, high speed value transfer and efficient collaboration.
The Tron Protocol aims to host entertainment applications and digital content on a decentralized platform fuelled by the TRX token economy. Developed originally on the Ethereum protocol, Tron has invested significant development effort to create their own, scalable protocol and launch their main net in June 2018.
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
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  Crypto Assets  
  •  
Cryptocurrency
VeChain Token (VET) and VeThor Tokens (VTHO)
Tron (TRX)
Ripple (XRP)
  Logic  
  •  
Smart Contract Functionality
Yes
Yes
No
Support expand
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  Providers  
  •  
% Providers with experience
N/A
no data
0.33
  Community  
  •  
Size of Developer Team
Large
Large in house team
Moderate
  •  
Support Team / Community
Large
Modearte. Some developer resources on Wiki and GitHub. Active telegram group.
Moderate
  •  
Partnerships / Alliances / Size
Large
Moderate
Large
  Updates  
  •  
Frequency of Updates
Frequent
Moderate
Quarterly
  •  
Future Planned Work
Main Net Rollout
Great Voyage 2020-2021: focus on ICO capabilities, dividend payments, managing supporters and measuring income.
Cobalt Algorithm
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  General  
  •  
Maturity
Token First Available: 2015
First IoT PoC: 2016
Mainnet: June 30 2018
TRON ICO: August 2017
TRON testnet: March 2018
TRON mainnet: June 2018
Initially released in 2012. Whitepaper released in 2017 with commercial applications
  •  
Governance
VeChain Foundation. Multi tiered involving a Steering Board, Advisory Board and a number of committes comprised by the public, and investors in the network.
TRON Foundation. TRON Super Representatives upon main net launch
Ripple Labs
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Enterprise Focus
Core Focus
Not enterprise focused, but has the capabilities to support adoption
Strong focus, as their core product offerings cater to global banking solutions.
  •  
Production Ready
Yes
No
Yes
  •  
Website
Link
Link
Website link
Architecture expand
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  Security  
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Security model
"Block Security Protocol" (BSP)
Public Blockchain with security features built in.

Lamport digital signature algorithm. Claims to be resistant to quantum computer attacks.

Customized P2P network with data storage encryption, location transparency, source nontraceability

Merkle Patricia Trie data structure
Transactions are confirmed and validated through validator nodes.
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Permissions
Permissioned Aspects

Permissionless
Permissioned
  •  
Privacy
Yes
Based on zero knowledge proof. Hides the send, receipt address and transfer amount.
Transaction information on the ledger is public, but payment information is not.
  Algorithms  
  •  
Consensus
Proof of Authority
Fast Paxos PoS variant.

The consensus of TRON adopts a three-step strategy.
Ripple Protocol Consensus Algorithm

70+ validators
  Efficiency  
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Transaction Time
No data
Moderate
Fast
  •  
Block Confirmation Time
Fast
Fast
TBD
  Development  
  •  
Proprietary Codebase
Open source with proprietary applications
Open source but goverened by the TRON organization
Open source with proprietary applications
  General  
  •  
Blockchain / DLT type
Public
Public
Permissioned Network, Public Architecture
  •  
Modularity
Yes
Similar to Ethereum:
Generic, with DApp and Smart Contract support for wider applications
Yes
  •  
Scalability
50 - 10,000 TPS
Currently supports 15 TPS as it is on the Ethereum platform. Will be able to support up to 1000 TPS once main net launches
1500 TPS with potential of tens of thousands through Ripple Payment Channels
  •  
Storage Capacity
Depends on implementation
Varies
Large
TCO expand
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  Utilities  
  •  
Energy Consumption
Medium
Low - Moderate
Low
  Change Management  
  •  
Ease of Integration in Legacy Systems
Easy
Hard
Easy
  •  
Difficulty to Use
Easy
Moderate
Easy
  Maintenance  
  •  
Required ongoing Support
Low
Yes
Low
  Pricing  
  •  
Cost to Use
Varies
Low
Varies
Integration expand
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  Licensing  
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Licensing
GNU Lesser General Public License v3.0
GPL
ISC
  industry focus  
  •  
Industry
Entertainment Industry. Focused on consumer dApps.
Financial Services
  Developers  
  •  
Development Environment (Languages/SDKs)
GoLang, C, Solidity, JavaScript, Java, TypeScript
Java, Scala, C++, Python, Go
C/C++, Java, node.js , Go
  Third Party Support  
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API Support
Yes
In Development
Yes
Market Presence expand
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  Engagements  
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% share of engagements
N/A
no data
0.04
  Uses  
  •  
Number of Use Cases / Implementations
Large
Moderate
Large
  Industry Focus  
  •  
Retail
Yes
No
No
  •  
Finance
Yes
No
Yes
  •  
Logistics
Yes
No
No
  •  
Health Care
Yes
No
No
  •  
Government
Yes
No
Yes
  •  
Agriculture
Yes
No
No
  •  
Entertainment
Yes
Yes
No
  •  
Automotive
Yes
No
No

Matrix Score

  •  
  •  
  • The Linux Foundation
  • TRON Foundation
  • Ripple
  •  
  • 1 st
  • 6 th
  • 3 rd
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