Blockchain for Enterprise comparison & reviews

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2nd 5th 3rd
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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
  • + Large development community
  • + Quick to develop applications on
  • + Wide array of use cases
  • + Clear Use Case
  • + Wide Adoption in Finance
  • + Focused service offering that makes it easy to 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.
  • - Public blockchain creates security concerns
  • - Uses cryptocurrency as fuel for transactions
  • - Forks can cause complications
  • - Speculators can have impact on the cryptocurrency side of the project
  • - Recent controversy with SEC (link in popup)
  • - Early ledger entries are missing
User Reviews
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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.
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
VeChain Token (VET) and VeThor Tokens (VTHO)
Ether (ETH)
Logic
Smart Contract Functionality
Support expand
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Providers
% Providers with experience
0.93
0.33
Community
Size of Developer Team
Large
Large
Moderate
Support Team / Community
Large
Large
Moderate
Partnerships / Alliances / Size
Large
EEA - 150+ companies
Large
Updates
Frequency of Updates
Frequent
High
Quarterly
Future Planned Work
Main Net Rollout
Cobalt Algorithm
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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
Initially released in 2012. Whitepaper released in 2017 with commercial applications
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.
Ethereum Developers
Enterprise Focus
Core Focus
Moderate Focus. Through forks, Quorum and Enterprise Ethereum Alliance
Strong focus, as their core product offerings cater to global banking solutions.
Production Ready
Yes
Yes
Website
Link
Link
Website link
Architecture expand
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Security
Security model
"Block Security Protocol" (BSP)
No data encryption or channel partition and is public.

Merkle Patricia Trie Data structure
Transactions are confirmed and validated through validator nodes.
Permissions
Permissioned Aspects
Permissionless
Permissioned
Privacy
Yes
Limited (zk-SNARKs, Ring signatures)
Transaction information on the ledger is public, but payment information is not.
Algorithms
Consensus
Proof of Authority
PoW & PoS
Ripple Protocol Consensus Algorithm

70+ validators
Efficiency
Transaction Time
Moderate
Fast
Block Confirmation Time
Fast
Development
Proprietary Codebase
Open source with proprietary applications
Open Source
Open source with proprietary applications
General
Blockchain / DLT type
Public with Private Forks
Permissioned Network, Public Architecture
Modularity
Yes
Generic, with DApp and Smart Contract support for wider applications
Yes
Scalability
50 - 10,000 TPS
limited by PoW

currently supports a maximum of 15 TPS
1500 TPS with potential of tens of thousands through Ripple Payment Channels
Storage Capacity
Depends on implementation
Varies
Large
TCO expand
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Utilities
Energy Consumption
Medium
Low
Low
Change Management
Ease of Integration in Legacy Systems
Easy
Hard
Easy
Difficulty to Use
Easy
Moderate
Easy
Maintenance
Required ongoing Support
Low
Yes
Low
Pricing
Cost to Use
Varies
Low
Varies
Integration expand
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Licensing
Licensing
GNU Lesser General Public License v3.0
Varous licenses for different parts of code
industry focus
Industry
Cross-industry
Financial Services
Developers
Development Environment (Languages/SDKs)
GoLang, C, Solidity, JavaScript, Java, TypeScript
Golang, C++, Rust, Python, Solidity
C/C++, Java, node.js , Go
Third Party Support
API Support
Yes
Yes
Market Presence expand
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Engagements
% share of engagements
0.52
0.04
Uses
Number of Use Cases / Implementations
Large
Large
Industry Focus
Retail