Blockchain for Enterprise comparison & reviews

Summary
Rank
2nd 1st 4th
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Analysis expand by MLG Blockchain by MLG Blockchain Michael Gord
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  • 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
  • + 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
  Content  
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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.
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.
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  Crypto Assets  
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Cryptocurrency
VeChain Token (VET) and VeThor Tokens (VTHO)
None
None
  Logic  
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Smart Contract Functionality
Yes
Yes
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  Providers  
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% Providers with experience
93% (Hyperledger)
0.6
  Community  
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Size of Developer Team
Large
Large
Moderate
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Support Team / Community
Large
Large. IBM has a direct support line.
Moderate
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Partnerships / Alliances / Size
Large
Large. Latest: Veridium Labs, Stellar - Generating and Tracking Carbon Credits on the Blockchain
60+ Companies
  Updates  
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Frequency of Updates
Frequent
Frequent
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Future Planned Work
Main Net Rollout
Scale into multiple industries
Partnerships for Application Development
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  General  
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Maturity
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
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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.
IBM Proprietary BaaS Platform

Linux Foundation
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Enterprise Focus
Core Focus
Strong Focus. Major contributor to the Hyperledger Fabric project.
Strong Focus
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Production Ready
Yes
Yes
Yes
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Website
Link
Link
Link
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  Security  
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Security model
"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.
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Permissions
Permissioned Aspects
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Privacy
Yes
Private channels
Privacy concerns are addressed through the pluggable uniqueness services, and restriction of viewing transactions.
  Algorithms  
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Consensus
Proof of Authority
Plugable consensus (PBFT)
Notaries - Pluggable Framework, Validity consensus and Uniqueness consensus
  Efficiency  
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Transaction Time
Varies
Fast
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Block Confirmation Time
Fast
Varies
  Development  
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Proprietary Codebase
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
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Blockchain / DLT type
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.
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Modularity
Yes
Plug + Play Architecture

Easy to operate software platform to build out use case, test, and implement
Less focus on modularity
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Scalability
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
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Storage Capacity
Depends on implementation
500 transactions per block
Varies
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  Utilities  
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Energy Consumption
Medium
Low
Varies
  Change Management  
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Ease of Integration in Legacy Systems
Easy
Easy
Varies
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Difficulty to Use