Blockchain for Enterprise comparison & reviews

Summary
Rank
4th 1st 2nd
Score
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Analysis expand Michael Gord
by MLG Blockchain by MLG Blockchain
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Information expand
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  • Fully Supported
  • Limitation
  • Not Supported
  • Information Only
Pros
  • + Not a blockchain. Uses Distributed Ledger Technology to achieve similar end goals and benefits.
  • + Large Financial Institutional backing
  • + Built specifically for Enterprise use
  • + Can support effective private networks
  • + Built for enterprise implementations
  • + Strong, professional backing of contributors
  • + Highest number of existing Enterprise use cases than other platforms
  • + Supports IoT and hardware to expand solution set
  • + Significant high profile support
Cons
  • - Less use cases than alternatives
  • - Smaller Developer Community (Slower Updates)
  • - Not a lot of developer expertise compared to competition
  • - 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.
  Content  
  •  
Overview
Corda is a distributed ledger platform designed to record, manage and automate legal agreements between business partners. Designed by (and for) the worlds largest financial institutions yet with applications in multiple industries. It offers a unique response to the privacy and scalability challenges facing decentralised applications.
Modular blockchain platform architecture allowing plug-and-play implementations of various functions. Hosts any mainstream language for smart contract development.
VeChains vision is to build a trust-free and distributed business ecosystem that enables transparent information flow, high speed value transfer and efficient collaboration.
Applications expand
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  Crypto Assets  
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Cryptocurrency
None
None
VeChain Token (VET) and VeThor Tokens (VTHO)
  Logic  
  •  
Smart Contract Functionality
Yes
Yes
Support expand
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  Providers  
  •  
% Providers with experience
0.6
0.93
  Community  
  •  
Size of Developer Team
Moderate
Large
Large
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Support Team / Community
Moderate
Large. IBM has a direct support line.
Large
  •  
Partnerships / Alliances / Size
60+ Companies
200+
Large
  Updates  
  •  
Frequency of Updates
Quarterly
Frequent
  •  
Future Planned Work
Partnerships for Application Development
V1.2
Main Net Rollout
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  General  
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Maturity
Corda was released open source in November 2016
First release: July 2017


Token First Available: 2015
First IoT PoC: 2016
Mainnet: June 30 2018
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Governance
Linux Foundation - Hyperledger Project Contributors
VeChain Foundation. Multi tiered involving a Steering Board, Advisory Board and a number of committes comprised by the public, and investors in the network.
  •  
Enterprise Focus
Strong Focus
Strong Focus
Core Focus
  •  
Production Ready
Yes
Yes
Yes
  •  
Website
Link
Link
Link
Architecture expand
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  Security  
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Security model
Data is only shared between parties involved in the transaction, verifiers, and permissioned observers. This allows an extra layer of security from traditional DLT where the data is spread throughout the network.
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
"Block Security Protocol" (BSP)
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Permissions
Consortium

Permissioned, private network.
Permissioned Aspects
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Privacy
Privacy concerns are addressed through the pluggable uniqueness services, and restriction of viewing transactions.
Private Channels
Yes
  Algorithms  
  •  
Consensus
Notaries - Pluggable Framework, Validity consensus and Uniqueness consensus
Multiple options:

Pluggable Framework
No-op (no consensus)
PBFT
Proof of Authority
  Efficiency  
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Transaction Time
Fast
Varies
  •  
Block Confirmation Time
Varies
Fast
  Development  
  •  
Proprietary Codebase
Open Source
Open source with proprietary applications
  General  
  •  
Blockchain / DLT type
Not a blockchain. Uses DLT to create transaction efficiencies between permissioned parties rather than the same ledger for the entire network, which R3 Corda believes is inefficient.
Federated / Consortium, Permissioned Network
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Modularity
Less focus on modularity
Modular Architecture is a core focus of Platform
Yes
  •  
Scalability
Corda focuses on scaling through reducing inefficiencies in consensus mechanisms. By limiting involvement to just the transacting parties, beneficiaries, and verifiers it aims to position itself as more scalable than PoW
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.
50 - 10,000 TPS
  •  
Storage Capacity
Varies
500 transactions per block
Depends on implementation
TCO expand
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  Utilities  
  •  
Energy Consumption
Varies
Varies
Medium
  Change Management  
  •  
Ease of Integration in Legacy Systems
Varies
Varies
Easy
  •  
Difficulty to Use
Moderate
Low-Moderate
Easy
  Maintenance  
  •  
Required ongoing Support
Yes
Yes
Low
  Pricing  
  •  
Cost to Use
Free
Free
Varies
Integration expand
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  Licensing  
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Licensing
Apache 2.0
Apache 2.0
GNU Lesser General Public License v3.0
  industry focus  
  •  
Industry
Finance Focus. Has attached interest from government, energy, insurance, healthcare
Industry Agnostic
  Developers  
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Development Environment (Languages/SDKs)
Written in Kotlin
Golang, Java, NodeJS, Python
GoLang, C, Solidity, JavaScript, Java, TypeScript
  Third Party Support  
  •  
API Support
Yes
Yes
Market Presence expand
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  Engagements  
  •  
% share of engagements
0.13
0.12
  Uses  
  •  
Number of Use Cases / Implementations
Moderate
Large
Large
  Industry Focus  
  •  
Retail
  •  
Finance
  •  
Logistics
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Health Care
  •  
Government
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Agriculture
  •  
Entertainment
  •  
Automotive

Matrix Score

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