Blockchain for Enterprise comparison & reviews

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Analysis Summary
Rank
2nd 1st 4th
Score
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Pros
  • + Highest number of existing Enterprise use cases than other platforms
  • + Supports IoT and hardware to expand solution set
  • + Significant high profile support
  • + Can support effective private networks
  • + Built for enterprise implementations
  • + Applies the hyperledger fabric to its business focused application
  • + Not a blockchain. Uses Distributed Ledger Technology to achieve similar end goals and benefits.
  • + Large Financial Institutional backing
  • + Built specifically for Enterprise use
Cons
  • - 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.
  • - 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
  • - Less use cases than alternatives
  • - Smaller Developer Community (Slower Updates)
  • - Not a lot of developer expertise compared to competition
User Reviews
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Information expand
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  Content  
Overview
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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 Environment using Hyperledger Fabric, delivered via IBM Cloud
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.
Applications expand
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  Crypto Assets  
Cryptocurrency
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VeChain Token (VET) and VeThor Tokens (VTHO)
None
None
  Logic  
Smart Contract Functionality
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Yes
Yes
Support expand
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  Providers  
% Providers with experience
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93% (Hyperledger)
0.6
  Community  
Size of Developer Team
  •  
Large
Large
Moderate
Support Team / Community
  •  
Large
Large. IBM has a direct support line.
Moderate
Partnerships / Alliances / Size
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Large
Large. Latest: Veridium Labs, Stellar - Generating and Tracking Carbon Credits on the Blockchain
60+ Companies
  Updates  
Frequency of Updates
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Frequent
Frequent
Future Planned Work
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Main Net Rollout
Scale into multiple industries
Partnerships for Application Development
Assessment expand
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  General  
Maturity
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Token First Available: 2015
First IoT PoC: 2016
Mainnet: June 30 2018
IBM unveiled its “Blockchain as a Service” offering in March 2017.
Corda was released open source in November 2016
Governance
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VeChain Foundation. Multi tiered involving a Steering Board, Advisory Board and a number of committes comprised by the public, and investors in the network.
IBM Proprietary BaaS Platform

Linux Foundation
Enterprise Focus
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Core Focus
Strong Focus. Major contributor to the Hyperledger Fabric project.
Strong Focus
Production Ready
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Yes
Yes
Yes
Website
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Link
Link
Link
Architecture expand
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  Security  
Security model
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"Block Security Protocol" (BSP)
Similar security models to Hyperledger Fabric, but also incorporates the IBM Cloud Services as an added security layer when using the platform.
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.
Permissions
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Permissioned Aspects
Privacy
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Yes
Private channels
Privacy concerns are addressed through the pluggable uniqueness services, and restriction of viewing transactions.
  Algorithms  
Consensus
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Proof of Authority
Plugable consensus (PBFT)
Notaries - Pluggable Framework, Validity consensus and Uniqueness consensus
  Efficiency  
Transaction Time
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Varies
Fast
Block Confirmation Time
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Fast
Varies
  Development  
Proprietary Codebase
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Open source with proprietary applications
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
  General  
Blockchain / DLT type
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Federated / Consortium, Permissioned Network
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.
Modularity
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Yes
Plug + Play Architecture

Easy to operate software platform to build out use case, test, and implement
Less focus on modularity
Scalability
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50 - 10,000 TPS
Supports 1000 TPS. Designed for high throughput business applications. Scales relative to Hyperledger Fabric new developments.
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
Storage Capacity
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Depends on implementation
500 transactions per block
Varies
TCO expand
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  Utilities  
Energy Consumption
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Medium
Low
Varies
  Change Management  
Ease of Integration in Legacy Systems
  •  
Easy
Easy
Varies
Difficulty to Use
  •  
Easy
Low
Moderate
  Maintenance  
Required ongoing Support
  •  
Low
Yes
Yes
  Pricing  
Cost to Use
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Varies
Free starter version, then $1000/month + $1000/month for each peer deployed
Free
Integration expand
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  Licensing  
Licensing
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GNU Lesser General Public License v3.0
Apache 2.0
Apache 2.0
  industry focus  
Industry
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Cross-industry
Finance Focus. Has attached interest from government, energy, insurance, healthcare
  Developers  
Development Environment (Languages/SDKs)
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GoLang, C, Solidity, JavaScript, Java, TypeScript
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
Written in Kotlin
  Third Party Support  
API Support
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Yes
Market Presence expand
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  Engagements  
% share of engagements
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12% (Hyperledger)
0.13
  Uses  
Number of Use Cases / Implementations
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Large
Large
Moderate