Today, the Enterprise Ethereum Alliance (EEA) report An assessment of public Ethereum mainnet business readiness for enterprise use cases.
“Is Ethereum ready for business? There are a few caveats, but I believe the answer is yes,” said Dunbarnet, executive director of the EEA. The report clarifies the warning as it is not yet “ready to use” ready.
While this paper may seem to overwhelmingly support the use of public blockchain, it covers issues such as privacy, interoperability, and regulation, and weighs the pros and cons in detail. It’s pretty well balanced.
One of the key changes in the last 12-18 months is the deployment of many Layer 2 and sidechain solutions. Not only do they provide scalability and transaction cost reductions, but they also support sidechains and layer 2 solutions, which are privately authorized blockchains, enabling convergence between the two worlds. In addition, the transition from Ethereum to Proof of Stake addresses many of the sustainability concerns.
In terms of use cases, after removing consumer DeFi and NFT, the EEA’s most common application is asset tokenization followed by supply chain history. We will elaborate on these two areas and the potential of payment solutions and markets.
The early EEA focused on privately licensed blockchains such as: quorum..While Cryptographic crash Although it may have influenced the timing of report publication, many companies have been actively working over the years to make Public Ethereum more useful to them.For example, launch for enterprises Baseline protocol It preceded the latest crypto boom.
“At the present moment of crypto market turmoil, this report reminds us that Ethereum is more than speculative assets and fintech. It is the most today by adopting a decentralized model. It’s a robust platform for solving some of the pressing business problems, “Burnet said.
The next crypto boom could also be triggered by the adoption of mainstream businesses.
