Blockchain for Enterprise comparison & reviews

Summary
Rank
1st 1st 3rd
Score
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Analysis expand by MLG Blockchain by MLG Blockchain Jeff Holek
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Pros
  • + Large development community
  • + Quick to develop applications on
  • + Wide array of use cases
  • + Can support effective private networks
  • + Built for enterprise implementations
  • + Applies the hyperledger fabric to its business focused application
  • + Clear Use Case
  • + Wide Adoption in Finance
  • + Focused service offering that makes it easy to use
Cons
  • - Public blockchain creates security concerns
  • - Uses cryptocurrency as fuel for transactions
  • - Forks can cause complications
  • - 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
  Content  
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Overview
Generic, open-source,  blockchain based distributed computing platform for applications to be built upon.
Modular Blockchain Environment using Hyperledger Fabric, delivered via IBM Cloud
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
Applications expand
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  Crypto Assets  
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Cryptocurrency
Ether (ETH)
None
Ripple (XRP)
  Logic  
  •  
Smart Contract Functionality
Yes
Yes
No
Support expand
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  Providers  
  •  
% Providers with experience
0.93
93% (Hyperledger)
0.33
  Community  
  •  
Size of Developer Team
Large
Large
Moderate
  •  
Support Team / Community
Large
Large. IBM has a direct support line.
Moderate
  •  
Partnerships / Alliances / Size
EEA - 150+ companies
Large. Latest: Veridium Labs, Stellar - Generating and Tracking Carbon Credits on the Blockchain
Large
  Updates  
  •  
Frequency of Updates
High
Frequent
Quarterly
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Future Planned Work
v3.5
Scale into multiple industries
Cobalt Algorithm
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  General  
  •  
Maturity
Live first in July 2015 (first public blockchain)

First stable release March 2016
IBM unveiled its “Blockchain as a Service” offering in March 2017.
Initially released in 2012. Whitepaper released in 2017 with commercial applications
  •  
Governance
Ethereum Developers
IBM Proprietary BaaS Platform

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

Merkle Patricia Trie Data structure
Similar security models to Hyperledger Fabric, but also incorporates the IBM Cloud Services as an added security layer when using the platform.
Transactions are confirmed and validated through validator nodes.
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Permissions
Permissionless
Permissioned
Permissioned
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Privacy
Limited (zk-SNARKs, Ring signatures)
Private channels
Transaction information on the ledger is public, but payment information is not.
  Algorithms  
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Consensus
PoW & PoS
Plugable consensus (PBFT)
Ripple Protocol Consensus Algorithm

70+ validators
  Efficiency  
  •  
Transaction Time
Moderate
Varies
Fast
  •  
Block Confirmation Time
~12 blocks
Varies
TBD
  Development  
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Proprietary Codebase
Open Source
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 with proprietary applications
  General  
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Blockchain / DLT type
Public with Private Forks
Federated / Consortium, Permissioned Network
Permissioned Network, Public Architecture
  •  
Modularity
Generic, with DApp and Smart Contract support for wider applications
Plug + Play Architecture

Easy to operate software platform to build out use case, test, and implement
Yes
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Scalability
limited by PoW

currently supports a maximum of 15 TPS
Supports 1000 TPS. Designed for high throughput business applications. Scales relative to Hyperledger Fabric new developments.
1500 TPS with potential of tens of thousands through Ripple Payment Channels
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Storage Capacity
Varies
500 transactions per block
Large
TCO expand
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  Utilities  
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Energy Consumption
Low
Low
Low
  Change Management  
  •  
Ease of Integration in Legacy Systems
Hard
Easy
Easy
  •  
Difficulty to Use
Moderate
Low
Easy
  Maintenance  
  •  
Required ongoing Support
Yes
Yes
Low
  Pricing  
  •  
Cost to Use
Low
Free starter version, then $1000/month + $1000/month for each peer deployed
Varies
Integration expand
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  Licensing  
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Licensing
Varous licenses for different parts of code
Apache 2.0
ISC
  industry focus  
  •  
Industry
Cross-industry
Cross-industry
Financial Services
  Developers  
  •  
Development Environment (Languages/SDKs)
Golang, C++, Rust, Python, Solidity
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
C/C++, Java, node.js , Go
  Third Party Support  
  •  
API Support
Yes
Yes
Yes
Market Presence expand
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  Engagements  
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% share of engagements
0.52
12% (Hyperledger)
0.04
  Uses  
  •  
Number of Use Cases / Implementations
Large
Large
Large
  Industry Focus  
  •  
Retail
No
Yes
No
  •  
Finance
No
Yes
Yes
  •  
Logistics
No
Yes
No
  •  
Health Care
No
Yes
No
  •  
Government
No
Yes
Yes
  •  
Agriculture
No
Yes
No
  •  
Entertainment
Yes
Yes
No
  •  
Automotive
No
Yes
No

Matrix Score

  •  
  •  
  • The Linux Foundation
  • IBM
  • Ripple
  •  
  • 1 st
  • 1 st
  • 3 rd
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