Blockchain for Enterprise comparison & reviews

Summary
Rank
1st 1st 3rd
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Analysis expand by MLG Blockchain by MLG Blockchain Jeff Holek
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Pros
  • + Can support effective private networks
  • + Built for enterprise implementations
  • + Strong, professional backing of contributors
  • + 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
  • - 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
  • - 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  
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Overview
Modular blockchain platform architecture allowing plug-and-play implementations of various functions. Hosts any mainstream language for smart contract development.
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
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  Crypto Assets  
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Cryptocurrency
None
None
  Logic  
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Smart Contract Functionality
Yes
Yes
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  Providers  
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% Providers with experience
0.93
93% (Hyperledger)
0.33
  Community  
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Size of Developer Team
Large
Large
Moderate
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Support Team / Community
Large. IBM has a direct support line.
Large. IBM has a direct support line.
Moderate
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Partnerships / Alliances / Size
200+
Large. Latest: Veridium Labs, Stellar - Generating and Tracking Carbon Credits on the Blockchain
Large
  Updates  
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Frequency of Updates
Quarterly
Frequent
Quarterly
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Future Planned Work
V1.2
Scale into multiple industries
Cobalt Algorithm
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  General  
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Maturity
First release: July 2017


IBM unveiled its “Blockchain as a Service” offering in March 2017.
Initially released in 2012. Whitepaper released in 2017 with commercial applications
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Governance
Linux Foundation - Hyperledger Project Contributors
IBM Proprietary BaaS Platform

Linux Foundation
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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.
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Production Ready
Yes
Yes
Yes
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Website
Link
Link
Website link
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  Security  
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Security model
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
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.
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Permissions
Consortium

Permissioned, private network.
Permissioned
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Privacy
Private Channels
Private channels
Transaction information on the ledger is public, but payment information is not.
  Algorithms  
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Consensus
Multiple options:

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

70+ validators
  Efficiency  
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Transaction Time
Varies
Varies
Fast
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Block Confirmation Time
Varies
Varies
  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  
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Blockchain / DLT type
Federated / Consortium, Permissioned Network
Federated / Consortium, Permissioned Network
Permissioned Network, Public Architecture
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Modularity
Modular Architecture is a core focus of Platform
Plug + Play Architecture

Easy to operate software platform to build out use case, test, and implement
Yes
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Scalability
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.
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
500 transactions per block
500 transactions per block
Large
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  Utilities  
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Energy Consumption
Varies
Low
Low
  Change Management  
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Ease of Integration in Legacy Systems
Varies
Easy
Easy