Blockchain for Enterprise comparison & reviews

Summary
Rank
1st 1st 4th
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Analysis expand by MLG Blockchain by MLG Blockchain Michael Gord
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  • Fully Supported
  • Limitation
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  • Information Only
Pros
  • + Modular Focus (customized transaction rules, consensus algorithms, permissioning)
  • + Part of the Hyperledger Ecosystem
  • + Harnesses IoT technology to provide additional data
  • + 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
  • - Open source codebase
  • - Very young in development
  • - Still requires many bug fixes
  • - 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  
  •  
Overview
Modular Blockchain Platform, released by Hyperledger and championed by Intel.

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.
Applications expand
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  Crypto Assets  
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Cryptocurrency
None
None
  Logic  
  •  
Smart Contract Functionality
Yes
Yes
Yes
Support expand
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  Providers  
  •  
% Providers with experience
93% (Hyperledger)
0.6
  Community  
  •  
Size of Developer Team
Moderate
Large
Moderate
  •  
Support Team / Community
Moderate. Some developer resources on Wiki and GitHub.
Large. IBM has a direct support line.
Moderate
  •  
Partnerships / Alliances / Size
Moderate
Large. Latest: Veridium Labs, Stellar - Generating and Tracking Carbon Credits on the Blockchain
60+ Companies
  Updates  
  •  
Frequency of Updates
High
Frequent
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Future Planned Work
Bug Fixes
Scale into multiple industries
Partnerships for Application Development
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  General  
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Maturity
Sawtooth 1.0 released in Nov 2017
IBM unveiled its “Blockchain as a Service” offering in March 2017.
Corda was released open source in November 2016
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Governance
Linux Foundation - Hyperledger Project

On-chain Governance
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
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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
SGX / PoET

All transactions are signed by known identities.
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, Permissionless depending on application
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Privacy
Configrable permissions for any node cluster within the network
Private channels
Privacy concerns are addressed through the pluggable uniqueness services, and restriction of viewing transactions.
  Algorithms  
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Consensus
PoET
Dynamic, Pluggable Consensus Algorithms
Plugable consensus (PBFT)
Notaries - Pluggable Framework, Validity consensus and Uniqueness consensus
  Efficiency  
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Transaction Time
Fast
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
  General  
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Blockchain / DLT type
Federated / Consortium, Permissioned Network
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
Modular Architecture. Incorporates IoT Sensors that can broaden the use case.
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
1000 TPS. Built to be scalable in the way that consensus algorithms can be changed, applications are separate from the core system, and transactions can occur in parallel.
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
Varies
500 transactions per block
Varies
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  Utilities  
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Energy Consumption
Low
Low
Varies
  Change Management  
  •  
Ease of Integration in Legacy Systems
Varies
Easy
Varies
  •  
Difficulty to Use
Easy
Low
Moderate
  Maintenance  
  •  
Required ongoing Support
Yes
Yes
Yes
  Pricing  
  •  
Cost to Use
Low-Moderate
Free starter version, then $1000/month + $1000/month for each peer deployed
Free
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  Licensing  
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Licensing
Apache 2.0
Apache 2.0
Apache 2.0
  industry focus  
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Industry
Cross-industry
Cross-industry
Finance Focus. Has attached interest from government, energy, insurance, healthcare
  Developers  
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Development Environment (Languages/SDKs)
Python, JavaScript, Go, C++, Java
Execution Runtimes (four are currently supported)
JavaScript SDK
Command Line Interface
REST Server
LoopBack Connector
Playground Web User Interface
Yeoman code generator
VSCode and Atom editor plugins
Written in Kotlin
  Third Party Support  
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API Support
Yes
Yes
Market Presence expand
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  Engagements  
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% share of engagements
12% (Hyperledger)
0.13
  Uses  
  •  
Number of Use Cases / Implementations
Moderate
Large
Moderate
  Industry Focus  
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Retail
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Finance
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Logistics
  •  
Health Care
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Government
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Agriculture
  •  
Entertainment
  •  
Automotive

Matrix Score

  •  
  •  
  • The Linux Foundation
  • IBM
  • R3
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  • 1 st
  • 1 st
  • 4 th
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