Blockchain for Enterprise comparison & reviews

Summary
Rank
2nd 3rd 1st
Score
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Analysis expand by MLG Blockchain Jeff Holek
 		by MLG Blockchain
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Information expand
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Pros
  • + 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
  • + Can support effective private networks
  • + Built for enterprise implementations
  • + Applies the hyperledger fabric to its business focused application
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
  • - 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
  Content  
  •  
Overview
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
Modular Blockchain Environment using Hyperledger Fabric, delivered via IBM Cloud
Applications expand
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  Crypto Assets  
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Cryptocurrency
None
Ripple (XRP)
None
  Logic  
  •  
Smart Contract Functionality
Yes
No
Yes
Support expand
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  Providers  
  •  
% Providers with experience
0.93
0.33
93% (Hyperledger)
  Community  
  •  
Size of Developer Team
Large
Moderate
Large
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Support Team / Community
Large. IBM has a direct support line.
Moderate
Large. IBM has a direct support line.
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Partnerships / Alliances / Size
200+
Large
Large. Latest: Veridium Labs, Stellar - Generating and Tracking Carbon Credits on the Blockchain
  Updates  
  •  
Frequency of Updates
Quarterly
Quarterly
Frequent
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Future Planned Work
V1.2
Cobalt Algorithm
Scale into multiple industries
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  General  
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Maturity
First release: July 2017


Initially released in 2012. Whitepaper released in 2017 with commercial applications
IBM unveiled its “Blockchain as a Service” offering in March 2017.
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Governance
Linux Foundation - Hyperledger Project Contributors
Ripple Labs
IBM Proprietary BaaS Platform

Linux Foundation
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Enterprise Focus
Strong Focus
Strong focus, as their core product offerings cater to global banking solutions.
Strong Focus. Major contributor to the Hyperledger Fabric project.
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Production Ready
Yes
Yes
Yes
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Website
Link
Website link
Link
Architecture expand
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  Security  
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Security model
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.
Similar security models to Hyperledger Fabric, but also incorporates the IBM Cloud Services as an added security layer when using the platform.
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Permissions
Consortium

Permissioned, private network.
Permissioned
Permissioned
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Privacy
Private Channels
Transaction information on the ledger is public, but payment information is not.
Private channels
  Algorithms  
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Consensus
Multiple options:

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

70+ validators
Plugable consensus (PBFT)
  Efficiency  
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Transaction Time
Varies
Fast
Varies
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Block Confirmation Time
Varies
TBD
Varies
  Development  
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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  
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Blockchain / DLT type
Federated / Consortium, Permissioned Network
Permissioned Network, Public Architecture
Federated / Consortium, Permissioned Network
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Modularity
Modular Architecture is a core focus of Platform
Yes
Plug + Play Architecture

Easy to operate software platform to build out use case, test, and implement
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Scalability
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
Supports 1000 TPS. Designed for high throughput business applications. Scales relative to Hyperledger Fabric new developments.
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Storage Capacity
500 transactions per block
Large
500 transactions per block
TCO expand
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  Utilities  
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Energy Consumption
Varies
Low
Low
  Change Management  
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Ease of Integration in Legacy Systems
Varies
Easy
Easy
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Difficulty to Use
Low-Moderate
Easy
Low
  Maintenance  
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Required ongoing Support
Yes
Low
Yes
  Pricing  
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Cost to Use
Free
Varies
Free starter version, then $1000/month + $1000/month for each peer deployed
Integration expand
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  Licensing  
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Licensing
Apache 2.0
ISC
Apache 2.0
  industry focus  
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Industry
Industry Agnostic
Financial Services
Cross-industry
  Developers  
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Development Environment (Languages/SDKs)
Golang, Java, NodeJS, Python
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
  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
0.12
0.04
12% (Hyperledger)
  Uses  
  •  
Number of Use Cases / Implementations
Large
Large
Large
  Industry Focus  
  •  
Retail
Yes
No
Yes
  •  
Finance
Yes
Yes
Yes
  •  
Logistics
Yes
No
Yes
  •  
Health Care
Yes
No
Yes
  •  
Government
Yes
Yes
Yes
  •  
Agriculture
Yes
No
Yes
  •  
Entertainment
Yes
No
Yes
  •  
Automotive
Yes
No
Yes

Matrix Score

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