Blockchain for Enterprise comparison & reviews

Summary
Rank
3rd 1st 3rd
Score
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Analysis expand Jeff Holek
 		by MLG Blockchain Jeff Holek
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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
  • + 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
Cons
  • - Open source codebase
  • - Very young in development
  • - Still requires many bug fixes
  • - 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
  Content  
  •  
Overview
Modular Blockchain Platform, released by Hyperledger and championed by Intel.

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
Applications expand
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  Crypto Assets  
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Cryptocurrency
None
None
Ripple (XRP)
  Logic  
  •  
Smart Contract Functionality
Yes
Yes
No
Support expand
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  Providers  
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% Providers with experience
No data
93% (Hyperledger)
0.33
  Community  
  •  
Size of Developer Team
Moderate
Large
Moderate
  •  
Support Team / Community
Moderate. Some developer resources on Wiki and GitHub.
Large. IBM has a direct support line.
Moderate
  •  
Partnerships / Alliances / Size
Moderate
Large. Latest: Veridium Labs, Stellar - Generating and Tracking Carbon Credits on the Blockchain
Large
  Updates  
  •  
Frequency of Updates
High
Frequent
Quarterly
  •  
Future Planned Work
Bug Fixes
Scale into multiple industries
Cobalt Algorithm
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  General  
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Maturity
Sawtooth 1.0 released in Nov 2017
IBM unveiled its “Blockchain as a Service” offering in March 2017.
Initially released in 2012. Whitepaper released in 2017 with commercial applications
  •  
Governance
Linux Foundation - Hyperledger Project

On-chain Governance
IBM Proprietary BaaS Platform

Linux Foundation
Ripple Labs
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Enterprise Focus
Strong Focus
Strong Focus. Major contributor to the Hyperledger Fabric project.
Strong focus, as their core product offerings cater to global banking solutions.
  •  
Production Ready
Yes
Yes
Yes
  •  
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.
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.
  •  
Permissions
Permissioned, Permissionless depending on application
Permissioned
Permissioned
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Privacy
Configrable permissions for any node cluster within the network
Private channels
Transaction information on the ledger is public, but payment information is not.
  Algorithms  
  •  
Consensus
PoET
Dynamic, Pluggable Consensus Algorithms
Plugable consensus (PBFT)
Ripple Protocol Consensus Algorithm

70+ validators
  Efficiency  
  •  
Transaction Time
Fast
Varies
Fast
  •  
Block Confirmation Time
Varies
Varies
TBD
  Development  
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Proprietary Codebase
Open Source
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
  General  
  •  
Blockchain / DLT type
Federated / Consortium, Permissioned Network
Federated / Consortium, Permissioned Network
Permissioned Network, Public Architecture
  •  
Modularity
Modular Architecture. Incorporates IoT Sensors that can broaden the use case.
Plug + Play Architecture

Easy to operate software platform to build out use case, test, and implement
Yes
  •  
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.
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
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Storage Capacity
Varies
500 transactions per block
Large
TCO expand
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  Utilities  
  •  
Energy Consumption
Low
Low
Low
  Change Management  
  •  
Ease of Integration in Legacy Systems
Varies
Easy
Easy
  •  
Difficulty to Use
Easy
Low
Easy
  Maintenance  
  •  
Required ongoing Support
Yes
Yes
Low
  Pricing  
  •  
Cost to Use
Low-Moderate
Free starter version, then $1000/month + $1000/month for each peer deployed
Varies
Integration expand
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  Licensing  
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Licensing
Apache 2.0
Apache 2.0
ISC
  industry focus  
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Industry
Cross-industry
Cross-industry
Financial Services
  Developers  
  •  
Development Environment (Languages/SDKs)
Python, JavaScript, Go, C++, Java
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
  Third Party Support  
  •  
API Support
Yes
Yes
Yes
Market Presence expand
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  Engagements  
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% share of engagements
No data
12% (Hyperledger)
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

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  •  
  • Ripple
  • IBM
  • Ripple
  •  
  • 3 rd
  • 1 st
  • 3 rd
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