Blockchain for Enterprise comparison & reviews

Summary
Rank
4th 1st 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
  • + Highest number of existing Enterprise use cases than other platforms
  • + Supports IoT and hardware to expand solution set
  • + Significant high profile support
  • + 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
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.
  • - 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
  Content  
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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, 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
Applications expand
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  Crypto Assets  
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Cryptocurrency
VeChain Token (VET) and VeThor Tokens (VTHO)
None
Ripple (XRP)
  Logic  
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Smart Contract Functionality
Yes
Yes
No
Support expand
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  Providers  
  •  
% Providers with experience
N/A
No data
0.33
  Community  
  •  
Size of Developer Team
Large
Moderate
Moderate
  •  
Support Team / Community
Large
Moderate. Some developer resources on Wiki and GitHub.
Moderate
  •  
Partnerships / Alliances / Size
Large
Moderate
Large
  Updates  
  •  
Frequency of Updates
Frequent
High
Quarterly
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Future Planned Work
Main Net Rollout
Bug Fixes
Cobalt Algorithm
Assessment expand
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  General  
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Maturity
Token First Available: 2015
First IoT PoC: 2016
Mainnet: June 30 2018
Sawtooth 1.0 released in Nov 2017
Initially released in 2012. Whitepaper released in 2017 with commercial applications
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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

On-chain Governance
Ripple Labs
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Enterprise Focus
Core Focus
Strong Focus
Strong focus, as their core product offerings cater to global banking solutions.
  •  
Production Ready
Yes
Yes
Yes
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Website
Link
Link
Website link
Architecture expand
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  Security  
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Security model
"Block Security Protocol" (BSP)
SGX / PoET

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

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

Matrix Score

  •  
  •  
  • R3
  • The Linux Foundation
  • Ripple
  •  
  • 4 th
  • 1 st
  • 3 rd
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