Blockchain for Enterprise comparison & reviews

Summary
Rank
4th 3rd 6th
Score
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User Reviews
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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
  • + 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
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
  • - Still a while before large scale viability
  • - Controversey with copying Ethereum's platform
  • - Not targeted for Private Enterprise use
  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
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.
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  Crypto Assets  
  •  
Cryptocurrency
VeChain Token (VET) and VeThor Tokens (VTHO)
Ripple (XRP)
Tron (TRX)
  Logic  
  •  
Smart Contract Functionality
Yes
No
Yes
Support expand
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  Providers  
  •  
% Providers with experience
N/A
0.33
no data
  Community  
  •  
Size of Developer Team
Large
Moderate
Large in house team
  •  
Support Team / Community
Large
Moderate
Modearte. Some developer resources on Wiki and GitHub. Active telegram group.
  •  
Partnerships / Alliances / Size
Large
Large
Moderate
  Updates  
  •  
Frequency of Updates
Frequent
Quarterly
Moderate
  •  
Future Planned Work
Main Net Rollout
Cobalt Algorithm
Great Voyage 2020-2021: focus on ICO capabilities, dividend payments, managing supporters and measuring income.
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  General  
  •  
Maturity
Token First Available: 2015
First IoT PoC: 2016
Mainnet: June 30 2018
Initially released in 2012. Whitepaper released in 2017 with commercial applications
TRON ICO: August 2017
TRON testnet: March 2018
TRON mainnet: June 2018
  •  
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
TRON Foundation. TRON Super Representatives upon main net launch
  •  
Enterprise Focus
Core Focus
Strong focus, as their core product offerings cater to global banking solutions.
Not enterprise focused, but has the capabilities to support adoption
  •  
Production Ready
Yes
Yes
No
  •  
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.
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
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Permissions
Permissioned Aspects
Permissioned

Permissionless
  •  
Privacy
Yes
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.
  Algorithms  
  •  
Consensus
Proof of Authority
Ripple Protocol Consensus Algorithm

70+ validators
Fast Paxos PoS variant.

The consensus of TRON adopts a three-step strategy.
  Efficiency  
  •  
Transaction Time
No data
Fast
Moderate
  •  
Block Confirmation Time
Fast
TBD
Fast
  Development  
  •  
Proprietary Codebase
Open source with proprietary applications
Open source with proprietary applications
Open source but goverened by the TRON organization
  General  
  •  
Blockchain / DLT type
Public
Permissioned Network, Public Architecture
Public
  •  
Modularity
Yes
Yes
Similar to Ethereum:
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
Currently supports 15 TPS as it is on the Ethereum platform. Will be able to support up to 1000 TPS once main net launches
  •  
Storage Capacity
Depends on implementation
Large
Varies
TCO expand
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  Utilities  
  •  
Energy Consumption
Medium
Low
Low - Moderate
  Change Management  
  •  
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  
  •  
Licensing
GNU Lesser General Public License v3.0
ISC
GPL
  industry focus  
  •  
Industry
Financial Services
Entertainment Industry. Focused on consumer dApps.
  Developers  
  •  
Development Environment (Languages/SDKs)
GoLang, C, Solidity, JavaScript, Java, TypeScript
C/C++, Java, node.js , Go
Java, Scala, C++, Python, Go
  Third Party Support  
  •  
API Support
Yes
Yes
In Development
Market Presence expand
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  Engagements  
  •  
% share of engagements
N/A
0.04
no data
  Uses  
  •  
Number of Use Cases / Implementations
Large
Large
Moderate
  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
  • TRON Foundation
  •  
  • 4 th
  • 3 rd
  • 6 th
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