Blockchain for Enterprise comparison & reviews

Summary
Rank
2nd 6th 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
  • + Applies the hyperledger fabric to its business focused application
  • + Developing quickly with lots of capital and community presence
  • + Positioned well in the Entertainment Space as the market leader
  • + Development focus is for large commercial adoption
  • + 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
  • - Still a while before large scale viability
  • - Controversey with copying Ethereum's platform
  • - Not targeted for Private Enterprise use
  • - 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 Environment using Hyperledger Fabric, delivered via IBM Cloud
The Tron Protocol aims to host entertainment applications and digital content on a decentralized platform fuelled by the TRX token economy. Developed originally on the Ethereum protocol, Tron has invested significant development effort to create their own, scalable protocol and launch their main net in June 2018.
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
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  Crypto Assets  
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Cryptocurrency
None
Tron (TRX)
Ripple (XRP)
  Logic  
  •  
Smart Contract Functionality
Yes
Yes
No
Support expand
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  Providers  
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% Providers with experience
93% (Hyperledger)
no data
0.33
  Community  
  •  
Size of Developer Team
Large
Large in house team
Moderate
  •  
Support Team / Community
Large. IBM has a direct support line.
Modearte. Some developer resources on Wiki and GitHub. Active telegram group.
Moderate
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Partnerships / Alliances / Size
Large. Latest: Veridium Labs, Stellar - Generating and Tracking Carbon Credits on the Blockchain
Moderate
Large
  Updates  
  •  
Frequency of Updates
Frequent
Moderate
Quarterly
  •  
Future Planned Work
Scale into multiple industries
Great Voyage 2020-2021: focus on ICO capabilities, dividend payments, managing supporters and measuring income.
Cobalt Algorithm
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  General  
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Maturity
IBM unveiled its “Blockchain as a Service” offering in March 2017.
TRON ICO: August 2017
TRON testnet: March 2018
TRON mainnet: June 2018
Initially released in 2012. Whitepaper released in 2017 with commercial applications
  •  
Governance
IBM Proprietary BaaS Platform

Linux Foundation
TRON Foundation. TRON Super Representatives upon main net launch
Ripple Labs
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Enterprise Focus
Strong Focus. Major contributor to the Hyperledger Fabric project.
Not enterprise focused, but has the capabilities to support adoption
Strong focus, as their core product offerings cater to global banking solutions.
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Production Ready
Yes
No
Yes
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Website
Link
Link
Website 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.
Public Blockchain with security features built in.

Lamport digital signature algorithm. Claims to be resistant to quantum computer attacks.

Customized P2P network with data storage encryption, location transparency, source nontraceability

Merkle Patricia Trie data structure
Transactions are confirmed and validated through validator nodes.
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Permissions
Permissioned

Permissionless
Permissioned
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Privacy
Private channels
Based on zero knowledge proof. Hides the send, receipt address and transfer amount.
Transaction information on the ledger is public, but payment information is not.
  Algorithms  
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Consensus
Plugable consensus (PBFT)
Fast Paxos PoS variant.

The consensus of TRON adopts a three-step strategy.
Ripple Protocol Consensus Algorithm

70+ validators
  Efficiency  
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Transaction Time
Varies
Moderate
Fast
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Block Confirmation Time
Varies
Fast
TBD
  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 but goverened by the TRON organization
Open source with proprietary applications
  General  
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Blockchain / DLT type
Federated / Consortium, Permissioned Network
Public
Permissioned Network, Public Architecture
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Modularity
Plug + Play Architecture

Easy to operate software platform to build out use case, test, and implement
Similar to Ethereum:
Generic, with DApp and Smart Contract support for wider applications
Yes
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Scalability
Supports 1000 TPS. Designed for high throughput business applications. Scales relative to Hyperledger Fabric new developments.
Currently supports 15 TPS as it is on the Ethereum platform. Will be able to support up to 1000 TPS once main net launches
1500 TPS with potential of tens of thousands through Ripple Payment Channels
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Storage Capacity
500 transactions per block
Varies
Large
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  Utilities  
  •  
Energy Consumption
Low
Low - Moderate
Low
  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
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  Licensing  
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Licensing
Apache 2.0
GPL
ISC
  industry focus  
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Industry
Cross-industry
Entertainment Industry. Focused on consumer dApps.
Financial Services
  Developers  
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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
Java, Scala, C++, Python, Go
C/C++, Java, node.js , Go
  Third Party Support  
  •  
API Support
Yes
In Development
Yes
Market Presence expand
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  Engagements  
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% share of engagements
12% (Hyperledger)
no data
0.04
  Uses  
  •  
Number of Use Cases / Implementations
Large
Moderate
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

  •  
  •  
  • VeChain Foundation
  • TRON Foundation
  • Ripple
  •  
  • 2 nd
  • 6 th
  • 3 rd
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