Blockchain for Enterprise comparison & reviews

Summary
Rank
4th 3rd 1st
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
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  • Information Only
Pros
  • + Can support effective private networks
  • + Built for enterprise implementations
  • + Applies the hyperledger fabric to its business focused application
  • + Clear Use Case
  • + Wide Adoption in Finance
  • + Focused service offering that makes it easy to use
  • + Can support effective private networks
  • + Built for enterprise implementations
  • + Strong, professional backing of contributors
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
  • - Speculators can have impact on the cryptocurrency side of the project
  • - Recent controversy with SEC (link in popup)
  • - Early ledger entries are missing
  • - 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
  Content  
  •  
Overview
Modular Blockchain Environment using Hyperledger Fabric, delivered via IBM Cloud
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
Modular blockchain platform architecture allowing plug-and-play implementations of various functions. Hosts any mainstream language for smart contract development.
Applications expand
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  Crypto Assets  
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Cryptocurrency
None
Ripple (XRP)
None
  Logic  
  •  
Smart Contract Functionality
Yes
No
Yes
Support expand
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  Providers  
  •  
% Providers with experience
93% (Hyperledger)
0.33
0.93
  Community  
  •  
Size of Developer Team
Large
Moderate
Large
  •  
Support Team / Community
Large. IBM has a direct support line.
Moderate
Large. IBM has a direct support line.
  •  
Partnerships / Alliances / Size
Large. Latest: Veridium Labs, Stellar - Generating and Tracking Carbon Credits on the Blockchain
Large
200+
  Updates  
  •  
Frequency of Updates
Frequent
Quarterly
Quarterly
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Future Planned Work
Scale into multiple industries
Cobalt Algorithm
V1.2
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  General  
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Maturity
IBM unveiled its “Blockchain as a Service” offering in March 2017.
Initially released in 2012. Whitepaper released in 2017 with commercial applications
First release: July 2017


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Governance
IBM Proprietary BaaS Platform

Linux Foundation
Ripple Labs
Linux Foundation - Hyperledger Project Contributors
  •  
Enterprise Focus
Strong Focus. Major contributor to the Hyperledger Fabric project.
Strong focus, as their core product offerings cater to global banking solutions.
Strong Focus
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Production Ready
Yes
Yes
Yes
  •  
Website
Link
Website 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.
Transactions are confirmed and validated through validator nodes.
Membership Service Provider - pluggable interface that supports customizable credential architectures and certificate authorities

Concrete identity format
User credential validation
User credential revocation
Signature generation and verification
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Permissions
Permissioned
Permissioned
Consortium

Permissioned, private network.
  •  
Privacy
Private channels
Transaction information on the ledger is public, but payment information is not.
Private Channels
  Algorithms  
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Consensus
Plugable consensus (PBFT)
Ripple Protocol Consensus Algorithm

70+ validators
Multiple options:

Pluggable Framework
No-op (no consensus)
PBFT
  Efficiency  
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Transaction Time
Varies
Fast
Varies
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Block Confirmation Time
Varies
TBD
Varies
  Development  
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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  
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Blockchain / DLT type
Federated / Consortium, Permissioned Network
Permissioned Network, Public Architecture
Federated / Consortium, Permissioned Network
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Modularity
Plug + Play Architecture

Easy to operate software platform to build out use case, test, and implement
Yes
Modular Architecture is a core focus of Platform
  •  
Scalability
Supports 1000 TPS. Designed for high throughput business applications. Scales relative to Hyperledger Fabric new developments.
1500 TPS with potential of tens of thousands through Ripple Payment Channels
1000 TPS capacity for now. Developed with scaling in mind. Provides flexibility in size and throughput depending on the implementation.

A Performance and Scalability Workgroup exists within the community to discuss, research, and identify key use cases and metrics for all blockchains.
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Storage Capacity
500 transactions per block
Large
500 transactions per block
TCO expand
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  Utilities  
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Energy Consumption
Low
Low
Varies
  Change Management  
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Ease of Integration in Legacy Systems
Easy
Easy
Varies
  •  
Difficulty to Use
Low
Easy
Low-Moderate
  Maintenance  
  •  
Required ongoing Support
Yes
Low
Yes
  Pricing  
  •  
Cost to Use
Free starter version, then $1000/month + $1000/month for each peer deployed
Varies
Free
Integration expand
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  Licensing  
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Licensing
Apache 2.0
ISC
Apache 2.0
  industry focus  
  •  
Industry
Cross-industry
Financial Services
Industry Agnostic
  Developers  
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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
C/C++, Java, node.js , Go
Golang, Java, NodeJS, Python
  Third Party Support  
  •  
API Support
Yes
Yes
Yes
Market Presence expand
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  Engagements  
  •  
% share of engagements
12% (Hyperledger)
0.04
0.12
  Uses  
  •  
Number of Use Cases / Implementations
Large
Large
Large
  Industry Focus  
  •  
Retail
Yes
No
Yes
  •  
Finance
Yes
Yes
Yes
  •  
Logistics
Yes
No
Yes
  •  
Health Care
Yes
No
Yes
  •  
Government
Yes
Yes
Yes
  •  
Agriculture
Yes
No
Yes
  •  
Entertainment
Yes
No
Yes
  •  
Automotive
Yes
No
Yes

Matrix Score

  •  
  •  
  • R3
  • Ripple
  • The Linux Foundation
  •  
  • 4 th
  • 3 rd
  • 1 st
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