Blockchain for Enterprise comparison & reviews

Summary
Rank
4th 3rd 6th
Score
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Analysis expand by MLG Blockchain Jeff Holek
 		by MLG Blockchain
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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
  • + 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
  • - 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
  • - Still a while before large scale viability
  • - Controversey with copying Ethereum's platform
  • - Not targeted for Private Enterprise use
  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
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.
Applications expand
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  Crypto Assets  
  •  
Cryptocurrency
None
Ripple (XRP)
Tron (TRX)
  Logic  
  •  
Smart Contract Functionality
Yes
No
Yes
Support expand
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  Providers  
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% Providers with experience
93% (Hyperledger)
0.33
no data
  Community  
  •  
Size of Developer Team
Large
Moderate
Large in house team
  •  
Support Team / Community
Large. IBM has a direct support line.
Moderate
Modearte. Some developer resources on Wiki and GitHub. Active telegram group.
  •  
Partnerships / Alliances / Size
Large. Latest: Veridium Labs, Stellar - Generating and Tracking Carbon Credits on the Blockchain
Large
Moderate
  Updates  
  •  
Frequency of Updates
Frequent
Quarterly
Moderate
  •  
Future Planned Work
Scale into multiple industries
Cobalt Algorithm
Great Voyage 2020-2021: focus on ICO capabilities, dividend payments, managing supporters and measuring income.
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  General  
  •  
Maturity
IBM unveiled its “Blockchain as a Service” offering in March 2017.
Initially released in 2012. Whitepaper released in 2017 with commercial applications
TRON ICO: August 2017
TRON testnet: March 2018
TRON mainnet: June 2018
  •  
Governance
IBM Proprietary BaaS Platform

Linux Foundation
Ripple Labs
TRON Foundation. TRON Super Representatives upon main net launch
  •  
Enterprise Focus
Strong Focus. Major contributor to the Hyperledger Fabric project.
Strong focus, as their core product offerings cater to global banking solutions.
Not enterprise focused, but has the capabilities to support adoption
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Production Ready
Yes
Yes
No
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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.
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
Permissioned

Permissionless
  •  
Privacy
Private channels
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  
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Consensus
Plugable consensus (PBFT)
Ripple Protocol Consensus Algorithm

70+ validators
Fast Paxos PoS variant.

The consensus of TRON adopts a three-step strategy.
  Efficiency  
  •  
Transaction Time
Varies
Fast
Moderate
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Block Confirmation Time
Varies
TBD
Fast
  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 but goverened by the TRON organization
  General  
  •  
Blockchain / DLT type
Federated / Consortium, Permissioned Network
Permissioned Network, Public Architecture
Public
  •  
Modularity
Plug + Play Architecture

Easy to operate software platform to build out use case, test, and implement
Yes
Similar to Ethereum:
Generic, with DApp and Smart Contract support for wider applications
  •  
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
Currently supports 15 TPS as it is on the Ethereum platform. Will be able to support up to 1000 TPS once main net launches
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Storage Capacity
500 transactions per block
Large
Varies
TCO expand
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  Utilities  
  •  
Energy Consumption
Low
Low
Low - Moderate
  Change Management  
  •  
Ease of Integration in Legacy Systems
Easy
Easy
Hard
  •  
Difficulty to Use
Low
Easy
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
Low
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  Licensing  
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Licensing
Apache 2.0
ISC
GPL
  industry focus  
  •  
Industry
Cross-industry
Financial Services
Entertainment Industry. Focused on consumer dApps.
  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
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  
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% share of engagements
12% (Hyperledger)
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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