Blockchain for Enterprise comparison & reviews

Summary
Rank
4th 1st 3rd
Score
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Analysis expand by MLG Blockchain by MLG Blockchain Jeff Holek
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Pros
  • + Large development community
  • + Quick to develop applications on
  • + Wide array of use cases
  • + Can support effective private networks
  • + Built for enterprise implementations
  • + Strong, professional backing of contributors
  • + Clear Use Case
  • + Wide Adoption in Finance
  • + Focused service offering that makes it easy to use
Cons
  • - Public blockchain creates security concerns
  • - Uses cryptocurrency as fuel for transactions
  • - Forks can cause complications
  • - 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
Generic, open-source,  blockchain based distributed computing platform for applications to be built upon.
Modular blockchain platform architecture allowing plug-and-play implementations of various functions. Hosts any mainstream language for smart contract development.
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  
  •  
Cryptocurrency
Ether (ETH)
None
Ripple (XRP)
  Logic  
  •  
Smart Contract Functionality
Yes
Yes
No
Support expand
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  Providers  
  •  
% Providers with experience
0.93
0.93
0.33
  Community  
  •  
Size of Developer Team
Large
Large
Moderate
  •  
Support Team / Community
Large
Large. IBM has a direct support line.
Moderate
  •  
Partnerships / Alliances / Size
EEA - 150+ companies
200+
Large
  Updates  
  •  
Frequency of Updates
High
Quarterly
Quarterly
  •  
Future Planned Work
v3.5
V1.2
Cobalt Algorithm
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  General  
  •  
Maturity
Live first in July 2015 (first public blockchain)

First stable release March 2016
First release: July 2017


Initially released in 2012. Whitepaper released in 2017 with commercial applications
  •  
Governance
Ethereum Developers
Linux Foundation - Hyperledger Project Contributors
Ripple Labs
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Enterprise Focus
Moderate Focus. Through forks, Quorum and Enterprise Ethereum Alliance
Strong Focus
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
No data encryption or channel partition and is public.

Merkle Patricia Trie Data structure
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
Transactions are confirmed and validated through validator nodes.
  •  
Permissions
Permissionless
Consortium

Permissioned, private network.
Permissioned
  •  
Privacy
Limited (zk-SNARKs, Ring signatures)
Private Channels
Transaction information on the ledger is public, but payment information is not.
  Algorithms  
  •  
Consensus
PoW & PoS
Multiple options:

Pluggable Framework
No-op (no consensus)
PBFT
Ripple Protocol Consensus Algorithm

70+ validators
  Efficiency  
  •  
Transaction Time
Moderate
Varies
Fast
  •  
Block Confirmation Time
~12 blocks
Varies
TBD
  Development  
  •  
Proprietary Codebase
Open Source
Open Source
Open source with proprietary applications
  General  
  •  
Blockchain / DLT type
Public with Private Forks
Federated / Consortium, Permissioned Network
Permissioned Network, Public Architecture
  •  
Modularity
Generic, with DApp and Smart Contract support for wider applications
Modular Architecture is a core focus of Platform
Yes
  •  
Scalability
limited by PoW

currently supports a maximum of 15 TPS
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.
1500 TPS with potential of tens of thousands through Ripple Payment Channels
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Storage Capacity
Varies
500 transactions per block
Large
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  Utilities  
  •  
Energy Consumption
Low
Varies
Low
  Change Management  
  •  
Ease of Integration in Legacy Systems
Hard
Varies
Easy
  •  
Difficulty to Use
Moderate
Low-Moderate
Easy
  Maintenance  
  •  
Required ongoing Support
Yes
Yes
Low
  Pricing  
  •  
Cost to Use
Low
Free
Varies
Integration expand
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  Licensing  
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Licensing
Varous licenses for different parts of code
Apache 2.0
ISC
  industry focus  
  •  
Industry
Cross-industry
Industry Agnostic
Financial Services
  Developers  
  •  
Development Environment (Languages/SDKs)
Golang, C++, Rust, Python, Solidity
Golang, Java, NodeJS, Python
C/C++, Java, node.js , Go
  Third Party Support  
  •  
API Support
Yes
Yes
Yes
Market Presence expand
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  Engagements  
  •  
% share of engagements
0.52
0.12
0.04
  Uses  
  •  
Number of Use Cases / Implementations
Large
Large
Large
  Industry Focus  
  •  
Retail
No
Yes
No
  •  
Finance
No
Yes
Yes
  •  
Logistics
No
Yes
No
  •  
Health Care
No
Yes
No
  •  
Government
No
Yes
Yes
  •  
Agriculture
No
Yes
No
  •  
Entertainment
Yes
Yes
No
  •  
Automotive
No
Yes
No

Matrix Score

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