Blockchain for Enterprise comparison & reviews

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Summary
Rank
3rd 1st 3rd
Score
5.6%
7.6%
0%
User Reviews
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Analysis expand Jeff Holek
 		by MLG Blockchain Jeff Holek
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Information expand
  • Fully Supported
  • Limitation
  • Not Supported
  • Information Only
Pros
  • + Clear Use Case
  • + Wide Adoption in Finance
  • + Focused service offering that makes it easy to use
  • + Can support effective private networks
  • + Built for enterprise implementations
  • + Applies the hyperledger fabric to its business focused application
  • + Clear Use Case
  • + Wide Adoption in Finance
  • + Focused service offering that makes it easy to use
Cons
  • - Speculators can have impact on the cryptocurrency side of the project
  • - Recent controversy with SEC (link in popup)
  • - Early ledger entries are missing
  • - 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
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
Modular Blockchain Environment using Hyperledger Fabric, delivered via IBM Cloud
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
0
100.0%
0
  Crypto Assets  
  •  
Cryptocurrency
Ripple (XRP)
None
Ripple (XRP)
  Logic  
  •  
Smart Contract Functionality
No
Yes
No
Support expand
80.0%
100.0%
80.0%
  Providers  
  •  
% Providers with experience
0.33
93% (Hyperledger)
0.33
  Community  
  •  
Size of Developer Team
Moderate
Large
Moderate
  •  
Support Team / Community
Moderate
Large. IBM has a direct support line.
Moderate
  •  
Partnerships / Alliances / Size
Large
Large. Latest: Veridium Labs, Stellar - Generating and Tracking Carbon Credits on the Blockchain
Large
  Updates  
  •  
Frequency of Updates
Quarterly
Frequent
Quarterly
  •  
Future Planned Work
Cobalt Algorithm
Scale into multiple industries
Cobalt Algorithm
Assessment expand
75.0%
87.5%
75.0%
  General  
  •  
Maturity
Initially released in 2012. Whitepaper released in 2017 with commercial applications
IBM unveiled its “Blockchain as a Service” offering in March 2017.
Initially released in 2012. Whitepaper released in 2017 with commercial applications
  •  
Governance
Ripple Labs
IBM Proprietary BaaS Platform

Linux Foundation
Ripple Labs
  •  
Enterprise Focus
Strong focus, as their core product offerings cater to global banking solutions.
Strong Focus. Major contributor to the Hyperledger Fabric project.
Strong focus, as their core product offerings cater to global banking solutions.
  •  
Production Ready
Yes
Yes
Yes
  •  
Website
Website link
Link
Website link
Architecture expand
77.3%
86.4%
77.3%
  Security  
  •  
Security model
Transactions are confirmed and validated through validator nodes.
Similar security models to Hyperledger Fabric, but also incorporates the IBM Cloud Services as an added security layer when using the platform.
Transactions are confirmed and validated through validator nodes.
  •  
Permissions
Permissioned
Permissioned
Permissioned
  •  
Privacy
Transaction information on the ledger is public, but payment information is not.
Private channels
Transaction information on the ledger is public, but payment information is not.
  Algorithms  
  •  
Consensus
Ripple Protocol Consensus Algorithm

70+ validators
Plugable consensus (PBFT)
Ripple Protocol Consensus Algorithm

70+ validators
  Efficiency  
  •  
Transaction Time
Fast
Varies
Fast
  •  
Block Confirmation Time
TBD
Varies
TBD
  Development  
  •  
Proprietary Codebase
Open source with proprietary applications
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 with proprietary applications
  General  
  •  
Blockchain / DLT type
Permissioned Network, Public Architecture
Federated / Consortium, Permissioned Network
Permissioned Network, Public Architecture
  •  
Modularity
Yes
Plug + Play Architecture

Easy to operate software platform to build out use case, test, and implement
Yes
  •  
Scalability
1500 TPS with potential of tens of thousands through Ripple Payment Channels
Supports 1000 TPS. Designed for high throughput business applications. Scales relative to Hyperledger Fabric new developments.
1500 TPS with potential of tens of thousands through Ripple Payment Channels
  •  
Storage Capacity
Large
500 transactions per block
Large
TCO expand
90.0%
70.0%
90.0%
  Utilities  
  •  
Energy Consumption
Low
Low
Low
  Change Management  
  •  
Ease of Integration in Legacy Systems
Easy
Easy
Easy
  •  
Difficulty to Use
Easy
Low
Easy
  Maintenance  
  •  
Required ongoing Support
Low
Yes
Low
  Pricing  
  •  
Cost to Use
Varies
Free starter version, then $1000/month + $1000/month for each peer deployed
Varies
Integration expand
87.5%
100.0%
87.5%
  Licensing  
  •  
Licensing
ISC
Apache 2.0
ISC
  industry focus  
  •  
Industry
Financial Services
Cross-industry
Financial Services
  Developers  
  •  
Development Environment (Languages/SDKs)
C/C++, Java, node.js , Go
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
C/C++, Java, node.js , Go
  Third Party Support  
  •  
API Support
Yes
Yes
Yes
Market Presence expand
33.3%
100.0%
33.3%
  Engagements  
  •  
% share of engagements
0.04
12% (Hyperledger)
0.04
  Uses  
  •  
Number of Use Cases / Implementations
Large
Large
Large
  Industry Focus  
  •  
Retail
No
Yes
No
  •  
Finance
Yes
Yes
Yes
  •  
Logistics
No
Yes
No
  •  
Health Care
No
Yes
No
  •  
Government
Yes
Yes
Yes
  •  
Agriculture
No
Yes
No
  •  
Entertainment
No
Yes
No
  •  
Automotive
No
Yes
No

Matrix Score

  •  
  •  
  • Ripple
  • IBM
  • Ripple
  •  
  • 3rd
  • 1st
  • 3rd
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