Blockchain for Enterprise comparison & reviews

Summary
Rank
1st 5th 3rd
Score
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Analysis expand by MLG Blockchain by MLG Blockchain Jeff Holek
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Pros
  • + Can support effective private networks
  • + Built for enterprise implementations
  • + Strong, professional backing of contributors
  • + 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
  • - 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
  • - 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
  Content  
  •  
Overview
Modular blockchain platform architecture allowing plug-and-play implementations of various functions. Hosts any mainstream language for smart contract development.
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
None
Ether (ETH)
Ripple (XRP)
  Logic  
  •  
Smart Contract Functionality
Yes
Yes
No
Support expand
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  Providers  
  •  
% Providers with experience
0.93
0.93
0.33
  Community  
  •  
Size of Developer Team
Large
Large
Moderate
  •  
Support Team / Community
Large. IBM has a direct support line.
Large
Moderate
  •  
Partnerships / Alliances / Size
200+
EEA - 150+ companies
Large
  Updates  
  •  
Frequency of Updates
Quarterly
High
Quarterly
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Future Planned Work
V1.2
v3.5
Cobalt Algorithm
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  General  
  •  
Maturity
First release: July 2017


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
Linux Foundation - Hyperledger Project Contributors
Ethereum Developers
Ripple Labs
  •  
Enterprise Focus
Strong 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
Yes
  •  
Website
Link
Link
Website link
Architecture expand
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  Security  
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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
No data encryption or channel partition and is public.

Merkle Patricia Trie Data structure
Transactions are confirmed and validated through validator nodes.
  •  
Permissions
Consortium

Permissioned, private network.
Permissionless
Permissioned
  •  
Privacy
Private Channels
Limited (zk-SNARKs, Ring signatures)
Transaction information on the ledger is public, but payment information is not.
  Algorithms  
  •  
Consensus
Multiple options:

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

70+ validators
  Efficiency  
  •  
Transaction Time
Varies
Moderate
Fast
  •  
Block Confirmation Time
Varies
~12 blocks
TBD
  Development  
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Proprietary Codebase
Open Source
Open Source
Open source with proprietary applications
  General  
  •  
Blockchain / DLT type
Federated / Consortium, Permissioned Network
Public with Private Forks
Permissioned Network, Public Architecture
  •  
Modularity
Modular Architecture is a core focus of Platform
Generic, with DApp and Smart Contract support for wider applications
Yes
  •  
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.
limited by PoW

currently supports a maximum of 15 TPS
1500 TPS with potential of tens of thousands through Ripple Payment Channels
  •  
Storage Capacity
500 transactions per block
Varies
Large
TCO expand
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  Utilities  
  •  
Energy Consumption
Varies
Low
Low
  Change Management  
  •  
Ease of Integration in Legacy Systems
Varies
Hard
Easy
  •  
Difficulty to Use
Low-Moderate
Moderate
Easy
  Maintenance  
  •  
Required ongoing Support
Yes
Yes
Low
  Pricing  
  •  
Cost to Use
Free
Low
Varies
Integration expand
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  Licensing  
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Licensing
Apache 2.0
Varous licenses for different parts of code
ISC
  industry focus  
  •  
Industry
Industry Agnostic
Cross-industry
Financial Services
  Developers  
  •  
Development Environment (Languages/SDKs)
Golang, Java, NodeJS, Python
Golang, C++, Rust, Python, Solidity
C/C++, Java, node.js , Go
  Third Party Support  
  •  
API Support
Yes
Yes
Yes
Market Presence expand
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  Engagements  
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% share of engagements
0.12
0.52
0.04
  Uses  
  •  
Number of Use Cases / Implementations
Large
Large
Large
  Industry Focus  
  •  
Retail
Yes
No
No
  •  
Finance
Yes
No
Yes
  •  
Logistics
Yes
No
No
  •  
Health Care
Yes
No
No
  •  
Government
Yes
No
Yes
  •  
Agriculture
Yes
No
No
  •  
Entertainment
Yes
Yes
No
  •  
Automotive
Yes
No
No

Matrix Score

  •  
  •  
  • IBM
  • Ethereum Foundation
  • Ripple
  •  
  • 1 st
  • 5 th
  • 3 rd
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