Blockchain for Enterprise comparison & reviews

Summary
Rank
1st 3rd 2nd
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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
  • + Modular Focus (customized transaction rules, consensus algorithms, permissioning)
  • + Part of the Hyperledger Ecosystem
  • + Harnesses IoT technology to provide additional data
  • + Clear Use Case
  • + Wide Adoption in Finance
  • + Focused service offering that makes it easy to use
  • + Highest number of existing Enterprise use cases than other platforms
  • + Supports IoT and hardware to expand solution set
  • + Significant high profile support
Cons
  • - Open source codebase
  • - Very young in development
  • - Still requires many bug fixes
  • - Speculators can have impact on the cryptocurrency side of the project
  • - Recent controversy with SEC (link in popup)
  • - Early ledger entries are missing
  • - 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.
  Content  
  •  
Overview
Modular Blockchain Platform, released by Hyperledger and championed by Intel.

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
VeChains vision is to build a trust-free and distributed business ecosystem that enables transparent information flow, high speed value transfer and efficient collaboration.
Applications expand
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  Crypto Assets  
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Cryptocurrency
None
Ripple (XRP)
VeChain Token (VET) and VeThor Tokens (VTHO)
  Logic  
  •  
Smart Contract Functionality
Yes
No
Yes
Support expand
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  Providers  
  •  
% Providers with experience
No data
0.33
N/A
  Community  
  •  
Size of Developer Team
Moderate
Moderate
Large
  •  
Support Team / Community
Moderate. Some developer resources on Wiki and GitHub.
Moderate
Large
  •  
Partnerships / Alliances / Size
Moderate
Large
Large
  Updates  
  •  
Frequency of Updates
High
Quarterly
Frequent
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Future Planned Work
Bug Fixes
Cobalt Algorithm
Main Net Rollout
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  General  
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Maturity
Sawtooth 1.0 released in Nov 2017
Initially released in 2012. Whitepaper released in 2017 with commercial applications
Token First Available: 2015
First IoT PoC: 2016
Mainnet: June 30 2018
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Governance
Linux Foundation - Hyperledger Project

On-chain Governance
Ripple Labs
VeChain Foundation. Multi tiered involving a Steering Board, Advisory Board and a number of committes comprised by the public, and investors in the network.
  •  
Enterprise Focus
Strong Focus
Strong focus, as their core product offerings cater to global banking solutions.
Core Focus
  •  
Production Ready
Yes
Yes
Yes
  •  
Website
Link
Website link
Link
Architecture expand
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  Security  
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Security model
SGX / PoET

All transactions are signed by known identities.
Transactions are confirmed and validated through validator nodes.
"Block Security Protocol" (BSP)
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Permissions
Permissioned, Permissionless depending on application
Permissioned
Permissioned Aspects
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Privacy
Configrable permissions for any node cluster within the network
Transaction information on the ledger is public, but payment information is not.
Yes
  Algorithms  
  •  
Consensus
PoET
Dynamic, Pluggable Consensus Algorithms
Ripple Protocol Consensus Algorithm

70+ validators
Proof of Authority
  Efficiency  
  •  
Transaction Time
Fast
Fast
No data
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Block Confirmation Time
Varies
TBD
Fast
  Development  
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Proprietary Codebase
Open Source
Open source with proprietary applications
Open source with proprietary applications
  General  
  •  
Blockchain / DLT type
Federated / Consortium, Permissioned Network
Permissioned Network, Public Architecture
Public
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Modularity
Modular Architecture. Incorporates IoT Sensors that can broaden the use case.
Yes
Yes
  •  
Scalability
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.
1500 TPS with potential of tens of thousands through Ripple Payment Channels
50 - 10,000 TPS
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Storage Capacity
Varies
Large
Depends on implementation
TCO expand
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  Utilities  
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Energy Consumption
Low
Low
Medium
  Change Management  
  •  
Ease of Integration in Legacy Systems
Varies
Easy
Easy
  •  
Difficulty to Use
Easy
Easy
Easy
  Maintenance  
  •  
Required ongoing Support
Yes
Low
Low
  Pricing  
  •  
Cost to Use
Low-Moderate
Varies
Varies
Integration expand
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  Licensing  
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Licensing
Apache 2.0
ISC
GNU Lesser General Public License v3.0
  industry focus  
  •  
Industry
Cross-industry
Financial Services
  Developers  
  •  
Development Environment (Languages/SDKs)
Python, JavaScript, Go, C++, Java
C/C++, Java, node.js , Go
GoLang, C, Solidity, JavaScript, Java, TypeScript
  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
No data
0.04
N/A
  Uses  
  •  
Number of Use Cases / Implementations
Moderate
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
No
No
Yes
  •  
Automotive
Yes
No
Yes

Matrix Score

  •  
  •  
  • IBM
  • Ripple
  • VeChain Foundation
  •  
  • 1 st
  • 3 rd
  • 2 nd
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