Blockchain for Enterprise comparison & reviews

Summary
Rank
3rd 1st 3rd
Score
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Analysis expand Jeff Holek
 		by MLG Blockchain Jeff Holek
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Information expand
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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
  • + Strong, professional backing of contributors
  • + Clear Use Case
  • + Wide Adoption in Finance
  • + Focused service offering that makes it easy to 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
  • - 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
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 platform architecture allowing plug-and-play implementations of various functions. Hosts any mainstream language for smart contract development.
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
VeChain Token (VET) and VeThor Tokens (VTHO)
None
Ripple (XRP)
  Logic  
  •  
Smart Contract Functionality
Yes
Yes
No
Support expand
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  Providers  
  •  
% Providers with experience
N/A
0.93
0.33
  Community  
  •  
Size of Developer Team
Large
Large
Moderate
  •  
Support Team / Community
Large
Large. IBM has a direct support line.
Moderate
  •  
Partnerships / Alliances / Size
Large
200+
Large
  Updates  
  •  
Frequency of Updates
Frequent
Quarterly
Quarterly
  •  
Future Planned Work
Main Net Rollout
V1.2
Cobalt Algorithm
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  General  
  •  
Maturity
Token First Available: 2015
First IoT PoC: 2016
Mainnet: June 30 2018
First release: July 2017


Initially released in 2012. Whitepaper released in 2017 with commercial applications
  •  
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.
Linux Foundation - Hyperledger Project Contributors
Ripple Labs
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Enterprise Focus
Core Focus
Strong Focus
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
"Block Security Protocol" (BSP)
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
Transactions are confirmed and validated through validator nodes.
  •  
Permissions
Permissioned Aspects
Consortium

Permissioned, private network.
Permissioned
  •  
Privacy
Yes
Private Channels
Transaction information on the ledger is public, but payment information is not.
  Algorithms  
  •  
Consensus
Proof of Authority
Multiple options:

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

70+ validators
  Efficiency  
  •  
Transaction Time
No data
Varies
Fast
  •  
Block Confirmation Time
Fast
Varies
TBD
  Development  
  •  
Proprietary Codebase
Open source with proprietary applications
Open Source
Open source with proprietary applications
  General  
  •  
Blockchain / DLT type
Public
Federated / Consortium, Permissioned Network
Permissioned Network, Public Architecture
  •  
Modularity
Yes
Modular Architecture is a core focus of Platform
Yes
  •  
Scalability
50 - 10,000 TPS
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.
1500 TPS with potential of tens of thousands through Ripple Payment Channels
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Storage Capacity
Depends on implementation
500 transactions per block
Large
TCO expand
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  Utilities  
  •  
Energy Consumption
Medium
Varies
Low
  Change Management  
  •  
Ease of Integration in Legacy Systems
Easy
Varies
Easy
  •  
Difficulty to Use
Easy
Low-Moderate
Easy
  Maintenance  
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Required ongoing Support
Low
Yes
Low
  Pricing  
  •  
Cost to Use
Varies
Free
Varies
Integration expand
0%
0%
0%
  Licensing  
  •  
Licensing
GNU Lesser General Public License v3.0
Apache 2.0
ISC
  industry focus  
  •  
Industry
Industry Agnostic
Financial Services
  Developers  
  •  
Development Environment (Languages/SDKs)
GoLang, C, Solidity, JavaScript, Java, TypeScript
Golang, Java, NodeJS, Python
C/C++, Java, node.js , Go
  Third Party Support  
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API Support
Yes
Yes
Yes
Market Presence expand
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  Engagements  
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% share of engagements
N/A
0.12
0.04
  Uses  
  •  
Number of Use Cases / Implementations
Large
Large
Large
  Industry Focus  
  •  
Retail
Yes
Yes
No
  •  
Finance
Yes
Yes
Yes
  •  
Logistics
Yes
Yes
No
  •  
Health Care
Yes
Yes
No
  •  
Government
Yes
Yes
Yes
  •  
Agriculture
Yes
Yes
No
  •  
Entertainment
Yes
Yes
No
  •  
Automotive
Yes
Yes
No

Matrix Score

  •  
  •  
  • Ripple
  • The Linux Foundation
  • Ripple
  •  
  • 3 rd
  • 1 st
  • 3 rd
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