Blockchain for Enterprise comparison & reviews

Summary
Rank
4th 1st 5th
Score
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Analysis expand by MLG Blockchain by MLG Blockchain 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
  • + Can support effective private networks
  • + Built for enterprise implementations
  • + Strong, professional backing of contributors
  • + Large development community
  • + Quick to develop applications on
  • + Wide array of use cases
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.
  • - 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
  • - Public blockchain creates security concerns
  • - Uses cryptocurrency as fuel for transactions
  • - Forks can cause complications
  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.
Modular blockchain platform architecture allowing plug-and-play implementations of various functions. Hosts any mainstream language for smart contract development.
Generic, open-source,  blockchain based distributed computing platform for applications to be built upon.
Applications expand
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  Crypto Assets  
  •  
Cryptocurrency
VeChain Token (VET) and VeThor Tokens (VTHO)
None
Ether (ETH)
  Logic  
  •  
Smart Contract Functionality
Yes
Yes
Yes
Support expand
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0%
  Providers  
  •  
% Providers with experience
N/A
0.93
0.93
  Community  
  •  
Size of Developer Team
Large
Large
Large
  •  
Support Team / Community
Large
Large. IBM has a direct support line.
Large
  •  
Partnerships / Alliances / Size
Large
200+
EEA - 150+ companies
  Updates  
  •  
Frequency of Updates
Frequent
Quarterly
High
  •  
Future Planned Work
Main Net Rollout
V1.2
v3.5
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  General  
  •  
Maturity
Token First Available: 2015
First IoT PoC: 2016
Mainnet: June 30 2018
First release: July 2017


Live first in July 2015 (first public blockchain)

First stable release March 2016
  •  
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.
Linux Foundation - Hyperledger Project Contributors
Ethereum Developers
  •  
Enterprise Focus
Core Focus
Strong Focus
Moderate Focus. Through forks, Quorum and Enterprise Ethereum Alliance
  •  
Production Ready
Yes
Yes
Yes
  •  
Website
Link
Link
Link
Architecture expand
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  Security  
  •  
Security model
"Block Security Protocol" (BSP)
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
No data encryption or channel partition and is public.

Merkle Patricia Trie Data structure
  •  
Permissions
Permissioned Aspects
Consortium

Permissioned, private network.
Permissionless
  •  
Privacy
Yes
Private Channels
Limited (zk-SNARKs, Ring signatures)
  Algorithms  
  •  
Consensus
Proof of Authority
Multiple options:

Pluggable Framework
No-op (no consensus)
PBFT
PoW & PoS
  Efficiency  
  •  
Transaction Time
No data
Varies
Moderate
  •  
Block Confirmation Time
Fast
Varies
~12 blocks
  Development  
  •  
Proprietary Codebase
Open source with proprietary applications
Open Source
Open Source
  General  
  •  
Blockchain / DLT type
Public
Federated / Consortium, Permissioned Network
Public with Private Forks
  •  
Modularity
Yes
Modular Architecture is a core focus of Platform
Generic, with DApp and Smart Contract support for wider applications
  •  
Scalability
50 - 10,000 TPS
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.
limited by PoW

currently supports a maximum of 15 TPS
  •  
Storage Capacity
Depends on implementation
500 transactions per block
Varies
TCO expand
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  Utilities  
  •  
Energy Consumption
Medium
Varies
Low
  Change Management  
  •  
Ease of Integration in Legacy Systems
Easy
Varies
Hard
  •  
Difficulty to Use
Easy
Low-Moderate
Moderate
  Maintenance  
  •  
Required ongoing Support
Low
Yes
Yes
  Pricing  
  •  
Cost to Use
Varies
Free
Low
Integration expand
0%
0%
0%
  Licensing  
  •  
Licensing
GNU Lesser General Public License v3.0
Apache 2.0
Varous licenses for different parts of code
  industry focus  
  •  
Industry
Industry Agnostic
Cross-industry
  Developers  
  •  
Development Environment (Languages/SDKs)
GoLang, C, Solidity, JavaScript, Java, TypeScript
Golang, Java, NodeJS, Python
Golang, C++, Rust, Python, Solidity
  Third Party Support  
  •  
API Support
Yes
Yes
Yes
Market Presence expand
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  Engagements  
  •  
% share of engagements
N/A
0.12
0.52
  Uses  
  •  
Number of Use Cases / Implementations
Large
Large
Large
  Industry Focus  
  •  
Retail
Yes
Yes
No
  •  
Finance
Yes
Yes
No
  •  
Logistics
Yes
Yes
No
  •  
Health Care
Yes
Yes
No
  •  
Government
Yes
Yes
No
  •  
Agriculture
Yes
Yes
No
  •  
Entertainment
Yes
Yes
Yes
  •  
Automotive
Yes
Yes
No

Matrix Score

  •  
  •  
  • R3
  • The Linux Foundation
  • Ethereum Foundation
  •  
  • 4 th
  • 1 st
  • 5 th
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