Blockchain for Enterprise comparison & reviews

Summary
Rank
4th 3rd 5th
Score
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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
  • + 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
  • + 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.
  • - Speculators can have impact on the cryptocurrency side of the project
  • - Recent controversy with SEC (link in popup)
  • - Early ledger entries are missing
  • - 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.
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
Generic, open-source,  blockchain based distributed computing platform for applications to be built upon.
Applications expand
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  Crypto Assets  
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Cryptocurrency
VeChain Token (VET) and VeThor Tokens (VTHO)
Ripple (XRP)
Ether (ETH)
  Logic  
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Smart Contract Functionality
Yes
No
Yes
Support expand
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  Providers  
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% Providers with experience
N/A
0.33
0.93
  Community  
  •  
Size of Developer Team
Large
Moderate
Large
  •  
Support Team / Community
Large
Moderate
Large
  •  
Partnerships / Alliances / Size
Large
Large
EEA - 150+ companies
  Updates  
  •  
Frequency of Updates
Frequent
Quarterly
High
  •  
Future Planned Work
Main Net Rollout
Cobalt Algorithm
v3.5
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  General  
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Maturity
Token First Available: 2015
First IoT PoC: 2016
Mainnet: June 30 2018
Initially released in 2012. Whitepaper released in 2017 with commercial applications
Live first in July 2015 (first public blockchain)

First stable release March 2016
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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.
Ripple Labs
Ethereum Developers
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Enterprise Focus
Core Focus
Strong focus, as their core product offerings cater to global banking solutions.
Moderate Focus. Through forks, Quorum and Enterprise Ethereum Alliance
  •  
Production Ready
Yes
Yes
Yes
  •  
Website
Link
Website link
Link
Architecture expand
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  Security  
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Security model
"Block Security Protocol" (BSP)
Transactions are confirmed and validated through validator nodes.
No data encryption or channel partition and is public.

Merkle Patricia Trie Data structure
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Permissions
Permissioned Aspects
Permissioned
Permissionless
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Privacy
Yes
Transaction information on the ledger is public, but payment information is not.
Limited (zk-SNARKs, Ring signatures)
  Algorithms  
  •  
Consensus
Proof of Authority
Ripple Protocol Consensus Algorithm

70+ validators
PoW & PoS
  Efficiency  
  •  
Transaction Time
No data
Fast
Moderate
  •  
Block Confirmation Time
Fast
TBD
~12 blocks
  Development  
  •  
Proprietary Codebase
Open source with proprietary applications
Open source with proprietary applications
Open Source
  General  
  •  
Blockchain / DLT type
Public
Permissioned Network, Public Architecture
Public with Private Forks
  •  
Modularity
Yes
Yes
Generic, with DApp and Smart Contract support for wider applications
  •  
Scalability
50 - 10,000 TPS
1500 TPS with potential of tens of thousands through Ripple Payment Channels
limited by PoW

currently supports a maximum of 15 TPS
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Storage Capacity
Depends on implementation
Large
Varies
TCO expand
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  Utilities  
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Energy Consumption
Medium
Low
Low
  Change Management  
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Ease of Integration in Legacy Systems
Easy
Easy
Hard
  •  
Difficulty to Use
Easy
Easy
Moderate
  Maintenance  
  •  
Required ongoing Support
Low
Low
Yes
  Pricing  
  •  
Cost to Use
Varies
Varies
Low
Integration expand
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  Licensing  
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Licensing
GNU Lesser General Public License v3.0
ISC
Varous licenses for different parts of code
  industry focus  
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Industry
Financial Services
Cross-industry
  Developers  
  •  
Development Environment (Languages/SDKs)
GoLang, C, Solidity, JavaScript, Java, TypeScript
C/C++, Java, node.js , Go
Golang, C++, Rust, Python, Solidity
  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
0.04
0.52
  Uses  
  •  
Number of Use Cases / Implementations
Large
Large
Large
  Industry Focus  
  •  
Retail
Yes
No
No
  •  
Finance
Yes
Yes
No
  •  
Logistics
Yes
No
No
  •  
Health Care
Yes
No
No
  •  
Government
Yes
Yes
No
  •  
Agriculture
Yes
No
No
  •  
Entertainment
Yes
No
Yes
  •  
Automotive
Yes
No
No

Matrix Score

  •  
  •  
  • R3
  • Ripple
  • Ethereum Foundation
  •  
  • 4 th
  • 3 rd
  • 5 th
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