Blockchain for Enterprise comparison & reviews

Summary
Rank
4th 2nd 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
  • + Modular Focus (customized transaction rules, consensus algorithms, permissioning)
  • + Part of the Hyperledger Ecosystem
  • + Harnesses IoT technology to provide additional data
  • + 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
Cons
  • - Open source codebase
  • - Very young in development
  • - Still requires many bug fixes
  • - 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
  Content  
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Overview
Modular Blockchain Platform, released by Hyperledger and championed by Intel.

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
Applications expand
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  Crypto Assets  
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Cryptocurrency
None
VeChain Token (VET) and VeThor Tokens (VTHO)
Ripple (XRP)
  Logic  
  •  
Smart Contract Functionality
Yes
Yes
No
Support expand
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  Providers  
  •  
% Providers with experience
No data
N/A
0.33
  Community  
  •  
Size of Developer Team
Moderate
Large
Moderate
  •  
Support Team / Community
Moderate. Some developer resources on Wiki and GitHub.
Large
Moderate
  •  
Partnerships / Alliances / Size
Moderate
Large
Large
  Updates  
  •  
Frequency of Updates
High
Frequent
Quarterly
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Future Planned Work
Bug Fixes
Main Net Rollout
Cobalt Algorithm
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  General  
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Maturity
Sawtooth 1.0 released in Nov 2017
Token First Available: 2015
First IoT PoC: 2016
Mainnet: June 30 2018
Initially released in 2012. Whitepaper released in 2017 with commercial applications
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Governance
Linux Foundation - Hyperledger Project

On-chain 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
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Enterprise Focus
Strong Focus
Core Focus
Strong focus, as their core product offerings cater to global banking solutions.
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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
SGX / PoET

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

70+ validators
  Efficiency  
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Transaction Time
Fast
No data
Fast
  •  
Block Confirmation Time
Varies
Fast
TBD
  Development  
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Proprietary Codebase
Open Source
Open source with proprietary applications
Open source with proprietary applications
  General  
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Blockchain / DLT type
Federated / Consortium, Permissioned Network
Public
Permissioned Network, Public Architecture
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Modularity
Modular Architecture. Incorporates IoT Sensors that can broaden the use case.
Yes
Yes
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Scalability
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.
50 - 10,000 TPS
1500 TPS with potential of tens of thousands through Ripple Payment Channels
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Storage Capacity
Varies
Depends on implementation
Large
TCO expand
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  Utilities  
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Energy Consumption
Low
Medium
Low
  Change Management  
  •  
Ease of Integration in Legacy Systems
Varies
Easy
Easy
  •  
Difficulty to Use
Easy
Easy
Easy
  Maintenance  
  •  
Required ongoing Support
Yes
Low
Low
  Pricing  
  •  
Cost to Use
Low-Moderate
Varies
Varies
Integration expand
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  Licensing  
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Licensing
Apache 2.0
GNU Lesser General Public License v3.0
ISC
  industry focus  
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Industry
Cross-industry
Financial Services
  Developers  
  •  
Development Environment (Languages/SDKs)
Python, JavaScript, Go, C++, Java
GoLang, C, Solidity, JavaScript, Java, TypeScript
C/C++, Java, node.js , Go
  Third Party Support  
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API Support
Yes
Yes
Yes
Market Presence expand
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  Engagements  
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% share of engagements
No data
N/A
0.04
  Uses  
  •  
Number of Use Cases / Implementations
Moderate
Large
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
No
Yes
No
  •  
Automotive
Yes
Yes
No

Matrix Score

  •  
  •  
  • R3
  • VeChain Foundation
  • Ripple
  •  
  • 4 th
  • 2 nd
  • 3 rd
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