Blockchain for Enterprise comparison & reviews

Summary
Rank
3rd 2nd 1st
Score
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Analysis expand Jeff Holek
 		by MLG Blockchain by MLG Blockchain
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  • Fully Supported
  • Limitation
  • Not Supported
  • Information Only
Pros
  • + Clear Use Case
  • + Wide Adoption in Finance
  • + Focused service offering that makes it easy to use
  • + Highest number of existing Enterprise use cases than other platforms
  • + Supports IoT and hardware to expand solution set
  • + Significant high profile support
  • + Modular Focus (customized transaction rules, consensus algorithms, permissioning)
  • + Part of the Hyperledger Ecosystem
  • + Harnesses IoT technology to provide additional data
Cons
  • - Speculators can have impact on the cryptocurrency side of the project
  • - Recent controversy with SEC (link in popup)
  • - Early ledger entries are missing
  • - 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.
  • - Open source codebase
  • - Very young in development
  • - Still requires many bug fixes
  Content  
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Overview
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
VeChains vision is to build a trust-free and distributed business ecosystem that enables transparent information flow, high speed value transfer and efficient collaboration.
Modular Blockchain Platform, released by Hyperledger and championed by Intel.

Applications expand
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  Crypto Assets  
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Cryptocurrency
Ripple (XRP)
VeChain Token (VET) and VeThor Tokens (VTHO)
None
  Logic  
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Smart Contract Functionality
No
Yes
Yes
Support expand
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  Providers  
  •  
% Providers with experience
0.33
N/A
No data
  Community  
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Size of Developer Team
Moderate
Large
Moderate
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Support Team / Community
Moderate
Large
Moderate. Some developer resources on Wiki and GitHub.
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Partnerships / Alliances / Size
Large
Large
Moderate
  Updates  
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Frequency of Updates
Quarterly
Frequent
High
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Future Planned Work
Cobalt Algorithm
Main Net Rollout
Bug Fixes
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  General  
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Maturity
Initially released in 2012. Whitepaper released in 2017 with commercial applications
Token First Available: 2015
First IoT PoC: 2016
Mainnet: June 30 2018
Sawtooth 1.0 released in Nov 2017
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Governance
Ripple Labs
VeChain Foundation. Multi tiered involving a Steering Board, Advisory Board and a number of committes comprised by the public, and investors in the network.
Linux Foundation - Hyperledger Project

On-chain Governance
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Enterprise Focus
Strong focus, as their core product offerings cater to global banking solutions.
Core Focus
Strong Focus
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Production Ready
Yes
Yes
Yes
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Website
Website link
Link
Link
Architecture expand
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  Security  
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Security model
Transactions are confirmed and validated through validator nodes.
"Block Security Protocol" (BSP)
SGX / PoET

All transactions are signed by known identities.
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Permissions
Permissioned
Permissioned Aspects
Permissioned, Permissionless depending on application
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Privacy
Transaction information on the ledger is public, but payment information is not.
Yes
Configrable permissions for any node cluster within the network
  Algorithms  
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Consensus
Ripple Protocol Consensus Algorithm

70+ validators
Proof of Authority
PoET
Dynamic, Pluggable Consensus Algorithms
  Efficiency  
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Transaction Time
Fast
No data
Fast
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Block Confirmation Time
TBD
Fast
Varies
  Development  
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Proprietary Codebase
Open source with proprietary applications
Open source with proprietary applications
Open Source
  General  
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Blockchain / DLT type
Permissioned Network, Public Architecture
Public
Federated / Consortium, Permissioned Network
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Modularity
Yes
Yes
Modular Architecture. Incorporates IoT Sensors that can broaden the use case.
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Scalability
1500 TPS with potential of tens of thousands through Ripple Payment Channels
50 - 10,000 TPS
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.
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Storage Capacity
Large
Depends on implementation
Varies
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  Utilities  
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Energy Consumption
Low
Medium
Low
  Change Management  
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Ease of Integration in Legacy Systems
Easy
Easy
Varies