Blockchain for Enterprise comparison & reviews

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Pros
  • + Can support effective private networks
  • + Built for enterprise implementations
  • + Strong, professional backing of contributors
  • + 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
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
  • - 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.
User Reviews
Details (by section) Expand All Data
Information
60%
86%
58%
Content
Overview
Modular blockchain platform architecture allowing plug-and-play implementations of various functions. Hosts any mainstream language for smart contract development.
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.
Applications
60%
86%
58%
Crypto Assets
Cryptocurrency
VeChain Token (VET) and VeThor Tokens (VTHO)
Logic
Smart Contract Functionality
Support
60%
86%
58%
Providers
% Providers with experience
Community
Size of Developer Team
Support Team / Community
Large. IBM has a direct support line.
Partnerships / Alliances / Size
Updates
Frequency of Updates
Future Planned Work
Cobalt Algorithm
Main Net Rollout
Assessment
60%
86%
58%
General
Maturity
First release: July 2017


Initially released in 2012. Whitepaper released in 2017 with commercial applications
Token First Available: 2015
First IoT PoC: 2016
Mainnet: June 30 2018
Governance
Linux Foundation - Hyperledger Project Contributors
VeChain Foundation. Multi tiered involving a Steering Board, Advisory Board and a number of committes comprised by the public, and investors in the network.
Enterprise Focus
Strong focus, as their core product offerings cater to global banking solutions.
Production Ready
Website
Architecture
60%
86%
58%
Security
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
Transactions are confirmed and validated through validator nodes.
"Block Security Protocol" (BSP)
Permissions
Consortium

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

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

70+ validators
Proof of Authority
Efficiency
Transaction Time
Block Confirmation Time
Development
Proprietary Codebase
Open source with proprietary applications
Open source with proprietary applications
General
Blockchain / DLT type
Federated / Consortium, Permissioned Network
Permissioned Network, Public Architecture
Modularity
Modular Architecture is a core focus of Platform
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.
1500 TPS with potential of tens of thousands through Ripple Payment Channels
50 - 10,000 TPS
Storage Capacity
500 transactions per block
Depends on implementation
TCO
60%
86%
58%
Utilities
Energy Consumption
Change Management
Ease of Integration in Legacy Systems
Difficulty to Use
Maintenance
Required ongoing Support
Pricing
Cost to Use
Integration
60%
86%
58%
Licensing
Licensing
GNU Lesser General Public License v3.0
industry focus
Industry
Industry Agnostic
Financial Services
Developers
Development Environment (Languages/SDKs)
Golang, Java, NodeJS, Python
C/C++, Java, node.js , Go
GoLang, C, Solidity, JavaScript, Java, TypeScript
Third Party Support
API Support
Market Presence
60%
86%
58%
Engagements
% share of engagements
Uses
Number of Use Cases / Implementations
Industry Focus
Retail
Finance
Logistics
Health Care
Government
Agriculture
Entertainment
Automotive
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  • The Linux Foundation
  • Ripple
  • VeChain Foundation
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