Blockchain for Enterprise comparison & reviews

Summary
Rank
4th 6th 2nd
Score
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Analysis expand by MLG Blockchain by MLG Blockchain by MLG Blockchain
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  • Fully Supported
  • Limitation
  • Not Supported
  • Information Only
Pros
  • + Clear Use Case
  • + Wide Adoption in Finance
  • + Focused service offering that makes it easy to use
  • + Developing quickly with lots of capital and community presence
  • + Positioned well in the Entertainment Space as the market leader
  • + Development focus is for large commercial adoption
  • + Highest number of existing Enterprise use cases than other platforms
  • + Supports IoT and hardware to expand solution set
  • + Significant high profile support
Cons
  • - Speculators can have impact on the cryptocurrency side of the project
  • - Recent controversy with SEC (link in popup)
  • - Early ledger entries are missing
  • - Still a while before large scale viability
  • - Controversey with copying Ethereum's platform
  • - Not targeted for Private Enterprise use
  • - 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
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
The Tron Protocol aims to host entertainment applications and digital content on a decentralized platform fuelled by the TRX token economy. Developed originally on the Ethereum protocol, Tron has invested significant development effort to create their own, scalable protocol and launch their main net in June 2018.
VeChains vision is to build a trust-free and distributed business ecosystem that enables transparent information flow, high speed value transfer and efficient collaboration.
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  Crypto Assets  
  •  
Cryptocurrency
Ripple (XRP)
Tron (TRX)
VeChain Token (VET) and VeThor Tokens (VTHO)
  Logic  
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Smart Contract Functionality
No
Yes
Yes
Support expand
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  Providers  
  •  
% Providers with experience
0.33
no data
N/A
  Community  
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Size of Developer Team
Moderate
Large in house team
Large
  •  
Support Team / Community
Moderate
Modearte. Some developer resources on Wiki and GitHub. Active telegram group.
Large
  •  
Partnerships / Alliances / Size
Large
Moderate
Large
  Updates  
  •  
Frequency of Updates
Quarterly
Moderate
Frequent
  •  
Future Planned Work
Cobalt Algorithm
Great Voyage 2020-2021: focus on ICO capabilities, dividend payments, managing supporters and measuring income.
Main Net Rollout
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  General  
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Maturity
Initially released in 2012. Whitepaper released in 2017 with commercial applications
TRON ICO: August 2017
TRON testnet: March 2018
TRON mainnet: June 2018
Token First Available: 2015
First IoT PoC: 2016
Mainnet: June 30 2018
  •  
Governance
Ripple Labs
TRON Foundation. TRON Super Representatives upon main net launch
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, as their core product offerings cater to global banking solutions.
Not enterprise focused, but has the capabilities to support adoption
Core Focus
  •  
Production Ready
Yes
No
Yes
  •  
Website
Website link
Link
Link
Architecture expand
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  Security  
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Security model
Transactions are confirmed and validated through validator nodes.
Public Blockchain with security features built in.

Lamport digital signature algorithm. Claims to be resistant to quantum computer attacks.

Customized P2P network with data storage encryption, location transparency, source nontraceability

Merkle Patricia Trie data structure
"Block Security Protocol" (BSP)
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Permissions
Permissioned

Permissionless
Permissioned Aspects
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Privacy
Transaction information on the ledger is public, but payment information is not.
Based on zero knowledge proof. Hides the send, receipt address and transfer amount.
Yes
  Algorithms  
  •  
Consensus
Ripple Protocol Consensus Algorithm

70+ validators
Fast Paxos PoS variant.

The consensus of TRON adopts a three-step strategy.
Proof of Authority
  Efficiency  
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Transaction Time
Fast
Moderate
No data
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Block Confirmation Time
TBD
Fast
Fast
  Development  
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Proprietary Codebase
Open source with proprietary applications
Open source but goverened by the TRON organization
Open source with proprietary applications
  General  
  •  
Blockchain / DLT type
Permissioned Network, Public Architecture
Public
Public
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Modularity
Yes
Similar to Ethereum:
Generic, with DApp and Smart Contract support for wider applications
Yes
  •  
Scalability
1500 TPS with potential of tens of thousands through Ripple Payment Channels
Currently supports 15 TPS as it is on the Ethereum platform. Will be able to support up to 1000 TPS once main net launches
50 - 10,000 TPS
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Storage Capacity
Large
Varies
Depends on implementation
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  Utilities  
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Energy Consumption
Low
Low - Moderate
Medium
  Change Management  
  •  
Ease of Integration in Legacy Systems
Easy
Hard
Easy
  •  
Difficulty to Use
Easy
Moderate
Easy
  Maintenance  
  •  
Required ongoing Support
Low
Yes
Low
  Pricing  
  •  
Cost to Use
Varies
Low
Varies
Integration expand
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  Licensing  
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Licensing
ISC
GPL
GNU Lesser General Public License v3.0
  industry focus  
  •  
Industry
Financial Services
Entertainment Industry. Focused on consumer dApps.
  Developers  
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Development Environment (Languages/SDKs)
C/C++, Java, node.js , Go
Java, Scala, C++, Python, Go
GoLang, C, Solidity, JavaScript, Java, TypeScript
  Third Party Support  
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API Support
Yes
In Development
Yes
Market Presence expand
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  Engagements  
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% share of engagements
0.04
no data
N/A
  Uses  
  •  
Number of Use Cases / Implementations
Large
Moderate
Large
  Industry Focus  
  •  
Retail
No
No
Yes
  •  
Finance
Yes
No
Yes
  •  
Logistics
No
No
Yes
  •  
Health Care
No
No
Yes
  •  
Government
Yes
No
Yes
  •  
Agriculture
No
No
Yes
  •  
Entertainment
No
Yes
Yes
  •  
Automotive
No
No
Yes

Matrix Score

  •  
  •  
  • R3
  • TRON Foundation
  • VeChain Foundation
  •  
  • 4 th
  • 6 th
  • 2 nd
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