Blockchain for Enterprise comparison & reviews

Summary
Rank
1st 3rd 1st
Score
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Analysis expand by MLG Blockchain Jeff Holek
 		by MLG Blockchain
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Information expand
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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
  • + 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
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.
  • - 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
  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.
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
Applications expand
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  Crypto Assets  
  •  
Cryptocurrency
VeChain Token (VET) and VeThor Tokens (VTHO)
Ripple (XRP)
None
  Logic  
  •  
Smart Contract Functionality
Yes
No
Yes
Support expand
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  Providers  
  •  
% Providers with experience
N/A
0.33
93% (Hyperledger)
  Community  
  •  
Size of Developer Team
Large
Moderate
Large
  •  
Support Team / Community
Large
Moderate
Large. IBM has a direct support line.
  •  
Partnerships / Alliances / Size
Large
Large
Large. Latest: Veridium Labs, Stellar - Generating and Tracking Carbon Credits on the Blockchain
  Updates  
  •  
Frequency of Updates
Frequent
Quarterly
Frequent
  •  
Future Planned Work
Main Net Rollout
Cobalt Algorithm
Scale into multiple industries
Assessment expand
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  General  
  •  
Maturity
Token First Available: 2015
First IoT PoC: 2016
Mainnet: June 30 2018
Initially released in 2012. Whitepaper released in 2017 with commercial applications
IBM unveiled its “Blockchain as a Service” offering in March 2017.
  •  
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.
Ripple Labs
IBM Proprietary BaaS Platform

Linux Foundation
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Enterprise Focus
Core Focus
Strong focus, as their core product offerings cater to global banking solutions.
Strong Focus. Major contributor to the Hyperledger Fabric project.
  •  
Production Ready
Yes
Yes
Yes
  •  
Website
Link
Website link
Link
Architecture expand
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  Security  
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Security model
"Block Security Protocol" (BSP)
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.
  •  
Permissions
Permissioned Aspects
Permissioned
Permissioned
  •  
Privacy
Yes
Transaction information on the ledger is public, but payment information is not.
Private channels
  Algorithms  
  •  
Consensus
Proof of Authority
Ripple Protocol Consensus Algorithm

70+ validators
Plugable consensus (PBFT)
  Efficiency  
  •  
Transaction Time
No data
Fast
Varies
  •  
Block Confirmation Time
Fast
TBD
Varies
  Development  
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Proprietary Codebase
Open source with proprietary applications
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
  General  
  •  
Blockchain / DLT type
Public
Permissioned Network, Public Architecture
Federated / Consortium, Permissioned Network
  •  
Modularity
Yes
Yes
Plug + Play Architecture

Easy to operate software platform to build out use case, test, and implement
  •  
Scalability
50 - 10,000 TPS
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.
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Storage Capacity
Depends on implementation
Large
500 transactions per block
TCO expand
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  Utilities  
  •  
Energy Consumption
Medium
Low
Low
  Change Management  
  •  
Ease of Integration in Legacy Systems
Easy
Easy
Easy
  •  
Difficulty to Use
Easy
Easy
Low
  Maintenance  
  •  
Required ongoing Support
Low
Low
Yes
  Pricing  
  •  
Cost to Use
Varies
Varies
Free starter version, then $1000/month + $1000/month for each peer deployed
Integration expand
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  Licensing  
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Licensing
GNU Lesser General Public License v3.0
ISC
Apache 2.0
  industry focus  
  •  
Industry
Financial Services
Cross-industry
  Developers  
  •  
Development Environment (Languages/SDKs)
GoLang, C, Solidity, JavaScript, Java, TypeScript
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
  Third Party Support  
  •  
API Support
Yes
Yes
Yes
Market Presence expand
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  Engagements  
  •  
% share of engagements
N/A
0.04
12% (Hyperledger)
  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
  • IBM
  •  
  • 1 st
  • 3 rd
  • 1 st
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