Blockchain for Enterprise comparison & reviews

Summary
Rank
3rd 1st 2nd
Score
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Analysis expand by MLG Blockchain by MLG Blockchain by MLG Blockchain
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  • Fully Supported
  • Limitation
  • Not Supported
  • Information Only
Pros
  • + Modular Focus (customized transaction rules, consensus algorithms, permissioning)
  • + Part of the Hyperledger Ecosystem
  • + Harnesses IoT technology to provide additional data
  • + Can support effective private networks
  • + Built for enterprise implementations
  • + Applies the hyperledger fabric to its business focused application
  • + Highest number of existing Enterprise use cases than other platforms
  • + Supports IoT and hardware to expand solution set
  • + Significant high profile support
Cons
  • - Open source codebase
  • - Very young in development
  • - Still requires many bug fixes
  • - 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
  • - 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 Platform, released by Hyperledger and championed by Intel.

Modular Blockchain Environment using Hyperledger Fabric, delivered via IBM Cloud
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
None
VeChain Token (VET) and VeThor Tokens (VTHO)
  Logic  
  •  
Smart Contract Functionality
Yes
Yes
Yes
Support expand
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  Providers  
  •  
% Providers with experience
No data
93% (Hyperledger)
N/A
  Community  
  •  
Size of Developer Team
Moderate
Large
Large
  •  
Support Team / Community
Moderate. Some developer resources on Wiki and GitHub.
Large. IBM has a direct support line.
Large
  •  
Partnerships / Alliances / Size
Moderate
Large. Latest: Veridium Labs, Stellar - Generating and Tracking Carbon Credits on the Blockchain
Large
  Updates  
  •  
Frequency of Updates
High
Frequent
Frequent
  •  
Future Planned Work
Bug Fixes
Scale into multiple industries
Main Net Rollout
Assessment expand
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  General  
  •  
Maturity
Sawtooth 1.0 released in Nov 2017
IBM unveiled its “Blockchain as a Service” offering in March 2017.
Token First Available: 2015
First IoT PoC: 2016
Mainnet: June 30 2018
  •  
Governance
Linux Foundation - Hyperledger Project

On-chain Governance
IBM Proprietary BaaS Platform

Linux Foundation
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
Strong Focus. Major contributor to the Hyperledger Fabric project.
Core Focus
  •  
Production Ready
Yes
Yes
Yes
  •  
Website
Link
Link
Link
Architecture expand
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  Security  
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Security model
SGX / PoET

All transactions are signed by known identities.
Similar security models to Hyperledger Fabric, but also incorporates the IBM Cloud Services as an added security layer when using the platform.
"Block Security Protocol" (BSP)
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Permissions
Permissioned, Permissionless depending on application
Permissioned
Permissioned Aspects
  •  
Privacy
Configrable permissions for any node cluster within the network
Private channels
Yes
  Algorithms  
  •  
Consensus
PoET
Dynamic, Pluggable Consensus Algorithms
Plugable consensus (PBFT)
Proof of Authority
  Efficiency  
  •  
Transaction Time
Fast
Varies
No data
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Block Confirmation Time
Varies
Varies
Fast
  Development  
  •  
Proprietary Codebase
Open Source
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
Federated / Consortium, Permissioned Network
Federated / Consortium, Permissioned Network
Public
  •  
Modularity
Modular Architecture. Incorporates IoT Sensors that can broaden the use case.
Plug + Play Architecture

Easy to operate software platform to build out use case, test, and implement
Yes
  •  
Scalability
1000 TPS. Built to be scalable in the way that consensus algorithms can be changed, applications are separate from the core system, and transactions can occur in parallel.
Supports 1000 TPS. Designed for high throughput business applications. Scales relative to Hyperledger Fabric new developments.
50 - 10,000 TPS
  •  
Storage Capacity
Varies
500 transactions per block
Depends on implementation
TCO expand
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  Utilities  
  •  
Energy Consumption
Low
Low
Medium
  Change Management  
  •  
Ease of Integration in Legacy Systems
Varies
Easy
Easy
  •  
Difficulty to Use
Easy
Low
Easy
  Maintenance  
  •  
Required ongoing Support
Yes
Yes
Low
  Pricing  
  •  
Cost to Use
Low-Moderate
Free starter version, then $1000/month + $1000/month for each peer deployed
Varies
Integration expand
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  Licensing  
  •  
Licensing
Apache 2.0
Apache 2.0
GNU Lesser General Public License v3.0
  industry focus  
  •  
Industry
Cross-industry
Cross-industry
  Developers  
  •  
Development Environment (Languages/SDKs)
Python, JavaScript, Go, C++, Java
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, Solidity, JavaScript, Java, TypeScript
  Third Party Support  
  •  
API Support
Yes
Yes
Yes
Market Presence expand
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  Engagements  
  •  
% share of engagements
No data
12% (Hyperledger)
N/A
  Uses  
  •  
Number of Use Cases / Implementations
Moderate
Large
Large
  Industry Focus  
  •  
Retail
Yes
Yes
Yes
  •  
Finance
Yes
Yes
Yes
  •  
Logistics
Yes
Yes
Yes
  •  
Health Care
Yes
Yes
Yes
  •  
Government
Yes
Yes
Yes
  •  
Agriculture
Yes
Yes
Yes
  •  
Entertainment
No
Yes
Yes
  •  
Automotive
Yes
Yes
Yes

Matrix Score

  •  
  •  
  • Ripple
  • IBM
  • VeChain Foundation
  •  
  • 3 rd
  • 1 st
  • 2 nd
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