Blockchain for Enterprise comparison & reviews

Summary
Rank
4th 2nd 1st
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
  • + Can support effective private networks
  • + Built for enterprise implementations
  • + Applies the hyperledger fabric to its business focused application
  • + 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
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.
  • - Open source codebase
  • - Very young in development
  • - Still requires many bug fixes
  Content  
  •  
Overview
Modular Blockchain Environment using Hyperledger Fabric, delivered via IBM Cloud
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.

Applications expand
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  Crypto Assets  
  •  
Cryptocurrency
None
VeChain Token (VET) and VeThor Tokens (VTHO)
None
  Logic  
  •  
Smart Contract Functionality
Yes
Yes
Yes
Support expand
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0%
0%
  Providers  
  •  
% Providers with experience
93% (Hyperledger)
N/A
No data
  Community  
  •  
Size of Developer Team
Large
Large
Moderate
  •  
Support Team / Community
Large. IBM has a direct support line.
Large
Moderate. Some developer resources on Wiki and GitHub.
  •  
Partnerships / Alliances / Size
Large. Latest: Veridium Labs, Stellar - Generating and Tracking Carbon Credits on the Blockchain
Large
Moderate
  Updates  
  •  
Frequency of Updates
Frequent
Frequent
High
  •  
Future Planned Work
Scale into multiple industries
Main Net Rollout
Bug Fixes
Assessment expand
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  General  
  •  
Maturity
IBM unveiled its “Blockchain as a Service” offering in March 2017.
Token First Available: 2015
First IoT PoC: 2016
Mainnet: June 30 2018
Sawtooth 1.0 released in Nov 2017
  •  
Governance
IBM Proprietary BaaS Platform

Linux Foundation
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
  •  
Enterprise Focus
Strong Focus. Major contributor to the Hyperledger Fabric project.
Core Focus
Strong Focus
  •  
Production Ready
Yes
Yes
Yes
  •  
Website
Link
Link
Link
Architecture expand
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  Security  
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Security model
Similar security models to Hyperledger Fabric, but also incorporates the IBM Cloud Services as an added security layer when using the platform.
"Block Security Protocol" (BSP)
SGX / PoET

All transactions are signed by known identities.
  •  
Permissions
Permissioned
Permissioned Aspects
Permissioned, Permissionless depending on application
  •  
Privacy
Private channels
Yes
Configrable permissions for any node cluster within the network
  Algorithms  
  •  
Consensus
Plugable consensus (PBFT)
Proof of Authority
PoET
Dynamic, Pluggable Consensus Algorithms
  Efficiency  
  •  
Transaction Time
Varies
No data
Fast
  •  
Block Confirmation Time
Varies
Fast
Varies
  Development  
  •  
Proprietary Codebase
Hyperledger Fabric is open source. IBM Blockchain is a proprietary layer that sits on top of Hyperledger as a simple to use platform accessing the blockchain
Open source with proprietary applications
Open Source
  General  
  •  
Blockchain / DLT type
Federated / Consortium, Permissioned Network
Public
Federated / Consortium, Permissioned Network
  •  
Modularity
Plug + Play Architecture

Easy to operate software platform to build out use case, test, and implement
Yes
Modular Architecture. Incorporates IoT Sensors that can broaden the use case.
  •  
Scalability
Supports 1000 TPS. Designed for high throughput business applications. Scales relative to Hyperledger Fabric new developments.
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.
  •  
Storage Capacity
500 transactions per block
Depends on implementation
Varies
TCO expand
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  Utilities  
  •  
Energy Consumption
Low
Medium
Low
  Change Management  
  •  
Ease of Integration in Legacy Systems
Easy
Easy
Varies
  •  
Difficulty to Use
Low
Easy
Easy
  Maintenance  
  •  
Required ongoing Support
Yes
Low
Yes
  Pricing  
  •  
Cost to Use
Free starter version, then $1000/month + $1000/month for each peer deployed
Varies
Low-Moderate
Integration expand
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  Licensing  
  •  
Licensing
Apache 2.0
GNU Lesser General Public License v3.0
Apache 2.0
  industry focus  
  •  
Industry
Cross-industry
Cross-industry
  Developers  
  •  
Development Environment (Languages/SDKs)
Execution Runtimes (four are currently supported)
JavaScript SDK
Command Line Interface
REST Server
LoopBack Connector
Playground Web User Interface
Yeoman code generator
VSCode and Atom editor plugins
GoLang, C, Solidity, JavaScript, Java, TypeScript
Python, JavaScript, Go, C++, Java
  Third Party Support  
  •  
API Support
Yes
Yes
Yes
Market Presence expand
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  Engagements  
  •  
% share of engagements
12% (Hyperledger)
N/A
No data
  Uses  
  •  
Number of Use Cases / Implementations
Large
Large
Moderate
  Industry Focus  
  •  
Retail
Yes
Yes
Yes
  •  
Finance
Yes
Yes
Yes
  •  
Logistics
Yes
Yes
Yes
  •  
Health Care
Yes
Yes
Yes
  •  
Government
Yes
Yes
Yes
  •  
Agriculture
Yes
Yes
Yes
  •  
Entertainment
Yes
Yes
No
  •  
Automotive
Yes
Yes
Yes

Matrix Score

  •  
  •  
  • R3
  • VeChain Foundation
  • The Linux Foundation
  •  
  • 4 th
  • 2 nd
  • 1 st
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