Blockchain for Enterprise comparison & reviews

Summary
Rank
2nd 5th 1st
Score
0%
0%
User Reviews
Question?
Not Enabled Not Enabled Not Enabled
Analysis expand by MLG Blockchain by MLG Blockchain by MLG Blockchain
Select All
Information expand
0%
0%
0%
  • Fully Supported
  • Limitation
  • Not Supported
  • Information Only
Pros
  • + Highest number of existing Enterprise use cases than other platforms
  • + Supports IoT and hardware to expand solution set
  • + Significant high profile support
  • + 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
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.
  • - 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
  Content  
  •  
Overview
VeChains vision is to build a trust-free and distributed business ecosystem that enables transparent information flow, high speed value transfer and efficient collaboration.
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.
Applications expand
0%
0%
0%
  Crypto Assets  
  •  
Cryptocurrency
VeChain Token (VET) and VeThor Tokens (VTHO)
Ether (ETH)
None
  Logic  
  •  
Smart Contract Functionality
Yes
Support expand
0%
0%
0%
  Providers  
  •  
% Providers with experience
0.93
0.93
  Community  
  •  
Size of Developer Team
Large
Large
Large
  •  
Support Team / Community
Large
Large
Large. IBM has a direct support line.
  •  
Partnerships / Alliances / Size
Large
EEA - 150+ companies
200+
  Updates  
  •  
Frequency of Updates
Frequent
High
Quarterly
  •  
Future Planned Work
Main Net Rollout
V1.2
Assessment expand
0%
0%
0%
  General  
  •  
Maturity
Token First Available: 2015
First IoT PoC: 2016
Mainnet: June 30 2018
Live first in July 2015 (first public blockchain)

First stable release March 2016
First release: July 2017


  •  
Governance
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 Contributors
  •  
Enterprise Focus
Core Focus
Moderate Focus. Through forks, Quorum and Enterprise Ethereum Alliance
Strong Focus
  •  
Production Ready
Yes
Yes
  •  
Website
Link
Link
Link
Architecture expand
0%
0%
0%
  Security  
  •  
Security model
"Block Security Protocol" (BSP)
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
  •  
Permissions
Permissioned Aspects
Permissionless
Consortium

Permissioned, private network.
  •  
Privacy
Yes
Limited (zk-SNARKs, Ring signatures)
Private Channels
  Algorithms  
  •  
Consensus
Proof of Authority
PoW & PoS
Multiple options:

Pluggable Framework
No-op (no consensus)
PBFT
  Efficiency  
  •  
Transaction Time
Moderate
Varies
  •  
Block Confirmation Time
Fast
Varies
  Development  
  •  
Proprietary Codebase
Open source with proprietary applications
Open Source
Open Source
  General  
  •  
Blockchain / DLT type
Public with Private Forks
Federated / Consortium, Permissioned Network
  •  
Modularity
Yes
Generic, with DApp and Smart Contract support for wider applications
Modular Architecture is a core focus of Platform
  •  
Scalability
50 - 10,000 TPS
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.
  •  
Storage Capacity
Depends on implementation
Varies
500 transactions per block
TCO expand
0%
0%
0%
  Utilities  
  •  
Energy Consumption
Medium
Low
Varies
  Change Management  
  •  
Ease of Integration in Legacy Systems
Easy
Hard