Blockchain for Enterprise comparison & reviews

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IBM The Linux Foundation VeChain Foundation
Analysis expand by MLG Blockchain by MLG Blockchain by MLG Blockchain
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  • Fully Supported
  • Limitation
  • Not Supported
  • Information Only
Pros
  • + Can support effective private networks
  • + Built for enterprise implementations
  • + Applies the hyperledger fabric to its business focused application
  • + Can support effective private networks
  • + Built for enterprise implementations
  • + Strong, professional backing of contributors
  • + 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
  • - 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
  • - 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.
  Content  
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Overview
Modular Blockchain Environment using Hyperledger Fabric, delivered via IBM Cloud
Modular blockchain platform architecture allowing plug-and-play implementations of various functions. Hosts any mainstream language for smart contract development.
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 expand
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  Crypto Assets  
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Cryptocurrency
None
None
VeChain Token (VET) and VeThor Tokens (VTHO)
  Logic  
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Smart Contract Functionality
Yes
Yes
Yes
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  Providers  
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% Providers with experience
93% (Hyperledger)
0.93
N/A
  Community  
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Size of Developer Team
Large
Large
Large
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Support Team / Community
Large. IBM has a direct support line.
Large. IBM has a direct support line.
Large
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Partnerships / Alliances / Size
Large. Latest: Veridium Labs, Stellar - Generating and Tracking Carbon Credits on the Blockchain
200+
Large
  Updates  
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Frequency of Updates
Frequent
Quarterly
Frequent
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Future Planned Work
Scale into multiple industries
V1.2
Main Net Rollout
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  General  
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Maturity
IBM unveiled its “Blockchain as a Service” offering in March 2017.
First release: July 2017


Token First Available: 2015
First IoT PoC: 2016
Mainnet: June 30 2018
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Governance
IBM Proprietary BaaS Platform

Linux Foundation
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.
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Enterprise Focus
Strong Focus. Major contributor to the Hyperledger Fabric project.
Strong Focus
Core 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
Similar security models to Hyperledger Fabric, but also incorporates the IBM Cloud Services as an added security layer when using the platform.
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
"Block Security Protocol" (BSP)
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Permissions
Permissioned
Consortium

Permissioned, private network.
Permissioned Aspects
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Privacy
Private channels
Private Channels
Yes
  Algorithms  
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Consensus
Plugable consensus (PBFT)
Multiple options:

Pluggable Framework
No-op (no consensus)
PBFT
Proof of Authority
  Efficiency  
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Transaction Time
Varies
Varies
No data
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Block Confirmation Time
Varies
Varies
Fast
  Development  
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Proprietary Codebase
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
Open source with proprietary applications
  General  
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Blockchain / DLT type
Federated / Consortium, Permissioned Network
Federated / Consortium, Permissioned Network
Public
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Modularity
Plug + Play Architecture

Easy to operate software platform to build out use case, test, and implement
Modular Architecture is a core focus of Platform
Yes
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Scalability
Supports 1000 TPS. Designed for high throughput business applications. Scales relative to Hyperledger Fabric new developments.
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.
50 - 10,000 TPS
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Storage Capacity
500 transactions per block
500 transactions per block
Depends on implementation
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  Utilities  
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Energy Consumption
Low
Varies
Medium
  Change Management  
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Ease of Integration in Legacy Systems
Easy
Varies
Easy
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Difficulty to Use
Low
Low-Moderate
Easy
  Maintenance  
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Required ongoing Support
Yes
Yes