Blockchain for Enterprise comparison & reviews

Summary
Rank
4th 2nd 3rd
Score
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Analysis expand by MLG Blockchain by MLG Blockchain Jeff Holek
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Information expand
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  • Fully Supported
  • Limitation
  • Not Supported
  • Information Only
Pros
  • + Can support effective private networks
  • + Built for enterprise implementations
  • + Strong, professional backing of contributors
  • + 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
Cons
  • - 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
  • - 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
  Content  
  •  
Overview
Modular blockchain platform architecture allowing plug-and-play implementations of various functions. Hosts any mainstream language for smart contract development.
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
Applications expand
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  Crypto Assets  
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Cryptocurrency
None
VeChain Token (VET) and VeThor Tokens (VTHO)
Ripple (XRP)
  Logic  
  •  
Smart Contract Functionality
Yes
Yes
No
Support expand
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  Providers  
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% Providers with experience
0.93
N/A
0.33
  Community  
  •  
Size of Developer Team
Large
Large
Moderate
  •  
Support Team / Community
Large. IBM has a direct support line.
Large
Moderate
  •  
Partnerships / Alliances / Size
200+
Large
Large
  Updates  
  •  
Frequency of Updates
Quarterly
Frequent
Quarterly
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Future Planned Work
V1.2
Main Net Rollout
Cobalt Algorithm
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  General  
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Maturity
First release: July 2017


Token First Available: 2015
First IoT PoC: 2016
Mainnet: June 30 2018
Initially released in 2012. Whitepaper released in 2017 with commercial applications
  •  
Governance
Linux Foundation - Hyperledger Project Contributors
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
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Enterprise Focus
Strong Focus
Core Focus
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
Membership Service Provider - pluggable interface that supports customizable credential architectures and certificate authorities

Concrete identity format
User credential validation
User credential revocation
Signature generation and verification
"Block Security Protocol" (BSP)
Transactions are confirmed and validated through validator nodes.
  •  
Permissions
Consortium

Permissioned, private network.
Permissioned Aspects
Permissioned
  •  
Privacy
Private Channels
Yes
Transaction information on the ledger is public, but payment information is not.
  Algorithms  
  •  
Consensus
Multiple options:

Pluggable Framework
No-op (no consensus)
PBFT
Proof of Authority
Ripple Protocol Consensus Algorithm

70+ validators
  Efficiency  
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Transaction Time
Varies
No data
Fast
  •  
Block Confirmation Time
Varies
Fast
TBD
  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
Public
Permissioned Network, Public Architecture
  •  
Modularity
Modular Architecture is a core focus of Platform
Yes
Yes
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Scalability
1000 TPS capacity for now. Developed with scaling in mind. Provides flexibility in size and throughput depending on the implementation.

A Performance and Scalability Workgroup exists within the community to discuss, research, and identify key use cases and metrics for all blockchains.
50 - 10,000 TPS
1500 TPS with potential of tens of thousands through Ripple Payment Channels
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Storage Capacity
500 transactions per block
Depends on implementation
Large
TCO expand
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  Utilities  
  •  
Energy Consumption
Varies
Medium
Low
  Change Management  
  •  
Ease of Integration in Legacy Systems
Varies
Easy
Easy
  •  
Difficulty to Use
Low-Moderate
Easy
Easy
  Maintenance  
  •  
Required ongoing Support
Yes
Low
Low
  Pricing  
  •  
Cost to Use
Free
Varies
Varies
Integration expand
0%
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  Licensing  
  •  
Licensing
Apache 2.0
GNU Lesser General Public License v3.0
ISC
  industry focus  
  •  
Industry
Industry Agnostic
Financial Services
  Developers  
  •  
Development Environment (Languages/SDKs)
Golang, Java, NodeJS, Python
GoLang, C, Solidity, JavaScript, Java, TypeScript
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
0.12
N/A
0.04
  Uses  
  •  
Number of Use Cases / Implementations
Large
Large
Large
  Industry Focus  
  •  
Retail
Yes
Yes
No
  •  
Finance
Yes
Yes
Yes
  •  
Logistics
Yes
Yes
No
  •  
Health Care
Yes
Yes
No
  •  
Government
Yes
Yes
Yes
  •  
Agriculture
Yes
Yes
No
  •  
Entertainment
Yes
Yes
No
  •  
Automotive
Yes
Yes
No

Matrix Score

  •  
  •  
  • R3
  • VeChain Foundation
  • Ripple
  •  
  • 4 th
  • 2 nd
  • 3 rd
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