Blockchain for Enterprise comparison & reviews

Summary
Rank
4th 5th 2nd
Score
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Analysis expand by MLG Blockchain by MLG Blockchain by MLG Blockchain
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Information expand
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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
  • + Large development community
  • + Quick to develop applications on
  • + Wide array of use cases
  • + 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
  • - Public blockchain creates security concerns
  • - Uses cryptocurrency as fuel for transactions
  • - Forks can cause complications
  • - 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  
  •  
Overview
Modular Blockchain Environment using Hyperledger Fabric, delivered via IBM Cloud
Generic, open-source,  blockchain based distributed computing platform for applications to be built upon.
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  
  •  
Cryptocurrency
None
Ether (ETH)
VeChain Token (VET) and VeThor Tokens (VTHO)
  Logic  
  •  
Smart Contract Functionality
Yes
Yes
Yes
Support expand
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  Providers  
  •  
% Providers with experience
93% (Hyperledger)
0.93
N/A
  Community  
  •  
Size of Developer Team
Large
Large
Large
  •  
Support Team / Community
Large. IBM has a direct support line.
Large
Large
  •  
Partnerships / Alliances / Size
Large. Latest: Veridium Labs, Stellar - Generating and Tracking Carbon Credits on the Blockchain
EEA - 150+ companies
Large
  Updates  
  •  
Frequency of Updates
Frequent
High
Frequent
  •  
Future Planned Work
Scale into multiple industries
v3.5
Main Net Rollout
Assessment expand
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  General  
  •  
Maturity
IBM unveiled its “Blockchain as a Service” offering in March 2017.
Live first in July 2015 (first public blockchain)

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

Linux Foundation
Ethereum Developers
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. Major contributor to the Hyperledger Fabric project.
Moderate Focus. Through forks, Quorum and Enterprise Ethereum Alliance
Core Focus
  •  
Production Ready
Yes
Yes
Yes
  •  
Website
Link
Link
Link
Architecture expand
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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.
No data encryption or channel partition and is public.

Merkle Patricia Trie Data structure
"Block Security Protocol" (BSP)
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Permissions
Permissioned
Permissionless
Permissioned Aspects
  •  
Privacy
Private channels
Limited (zk-SNARKs, Ring signatures)
Yes
  Algorithms  
  •  
Consensus
Plugable consensus (PBFT)
PoW & PoS
Proof of Authority
  Efficiency  
  •  
Transaction Time
Varies
Moderate
No data
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Block Confirmation Time
Varies
~12 blocks
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  
  •  
Blockchain / DLT type
Federated / Consortium, Permissioned Network
Public with Private Forks
Public
  •  
Modularity
Plug + Play Architecture

Easy to operate software platform to build out use case, test, and implement
Generic, with DApp and Smart Contract support for wider applications
Yes
  •  
Scalability
Supports 1000 TPS. Designed for high throughput business applications. Scales relative to Hyperledger Fabric new developments.
limited by PoW

currently supports a maximum of 15 TPS
50 - 10,000 TPS
  •  
Storage Capacity
500 transactions per block
Varies
Depends on implementation
TCO expand
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  Utilities  
  •  
Energy Consumption
Low
Low
Medium
  Change Management  
  •  
Ease of Integration in Legacy Systems
Easy
Hard
Easy
  •  
Difficulty to Use
Low
Moderate
Easy
  Maintenance  
  •  
Required ongoing Support
Yes
Yes
Low
  Pricing  
  •  
Cost to Use
Free starter version, then $1000/month + $1000/month for each peer deployed
Low
Varies
Integration expand
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  Licensing  
  •  
Licensing
Apache 2.0
Varous licenses for different parts of code
GNU Lesser General Public License v3.0
  industry focus  
  •  
Industry
Cross-industry
Cross-industry
  Developers  
  •  
Development Environment (Languages/SDKs)
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
Golang, C++, Rust, Python, Solidity
GoLang, C, Solidity, JavaScript, Java, TypeScript
  Third Party Support  
  •  
API Support
Yes
Yes
Yes
Market Presence expand
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  Engagements  
  •  
% share of engagements
12% (Hyperledger)
0.52
N/A
  Uses  
  •  
Number of Use Cases / Implementations
Large
Large
Large
  Industry Focus  
  •  
Retail
Yes
No
Yes
  •  
Finance
Yes
No
Yes
  •  
Logistics
Yes
No
Yes
  •  
Health Care
Yes
No
Yes
  •  
Government
Yes
No
Yes
  •  
Agriculture
Yes
No
Yes
  •  
Entertainment
Yes
Yes
Yes
  •  
Automotive
Yes
No
Yes

Matrix Score

  •  
  •  
  • R3
  • Ethereum Foundation
  • VeChain Foundation
  •  
  • 4 th
  • 5 th
  • 2 nd
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