Blockchain for Enterprise comparison & reviews

Summary
Rank
5th 2nd 1st
Score
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Information expand
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  • Fully Supported
  • Limitation
  • Not Supported
  • Information Only
Pros
  • + 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
  • + Can support effective private networks
  • + Built for enterprise implementations
  • + Applies the hyperledger fabric to its business focused application
Cons
  • - 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.
  • - 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
  Content  
  •  
Overview
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.
Modular Blockchain Environment using Hyperledger Fabric, delivered via IBM Cloud
Applications expand
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  Crypto Assets  
  •  
Cryptocurrency
Ether (ETH)
VeChain Token (VET) and VeThor Tokens (VTHO)
None
  Logic  
  •  
Smart Contract Functionality
Yes
Yes
Yes
Support expand
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  Providers  
  •  
% Providers with experience
0.93
N/A
93% (Hyperledger)
  Community  
  •  
Size of Developer Team
Large
Large
Large
  •  
Support Team / Community
Large
Large
Large. IBM has a direct support line.
  •  
Partnerships / Alliances / Size
EEA - 150+ companies
Large
Large. Latest: Veridium Labs, Stellar - Generating and Tracking Carbon Credits on the Blockchain
  Updates  
  •  
Frequency of Updates
High
Frequent
Frequent
  •  
Future Planned Work
v3.5
Main Net Rollout
Scale into multiple industries
Assessment expand
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  General  
  •  
Maturity
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
IBM unveiled its “Blockchain as a Service” offering in March 2017.
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Governance
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.
IBM Proprietary BaaS Platform

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

Merkle Patricia Trie Data structure
"Block Security Protocol" (BSP)
Similar security models to Hyperledger Fabric, but also incorporates the IBM Cloud Services as an added security layer when using the platform.
  •  
Permissions
Permissionless
Permissioned Aspects
Permissioned
  •  
Privacy
Limited (zk-SNARKs, Ring signatures)
Yes
Private channels
  Algorithms  
  •  
Consensus
PoW & PoS
Proof of Authority
Plugable consensus (PBFT)
  Efficiency  
  •  
Transaction Time
Moderate
No data
Varies
  •  
Block Confirmation Time
~12 blocks
Fast
Varies
  Development  
  •  
Proprietary Codebase
Open Source
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
  General  
  •  
Blockchain / DLT type
Public with Private Forks
Public
Federated / Consortium, Permissioned Network
  •  
Modularity
Generic, with DApp and Smart Contract support for wider applications
Yes
Plug + Play Architecture

Easy to operate software platform to build out use case, test, and implement
  •  
Scalability
limited by PoW

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

Matrix Score

  •  
  •  
  • Ethereum Foundation
  • VeChain Foundation
  • IBM
  •  
  • 5 th
  • 2 nd
  • 1 st
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