Ethereum Innovation Cycle for Business and Commerce

 

From 2015 to 2021, Ethereum has rapidly grown from merely an idea to the world’s most actively used blockchain, with tens of thousands of developers around the world. The global Ethereum community voraciously draws talent and businesses into the ecosystem, resulting in massive breakthroughs with regards to privacy, scalability, and performance. Ethereum technology is currently used by some of the world’s leading companies, such as EEA members Accenture, Banco Santander, Blockapps, BNY Mellon, ConsenSys, JP Morgan, Microsoft, Moves, Six Digital Exchange (SDX), and more. Ethereum is the winning blockchain technology for business innovation due to its decentralized, programmable architecture and the fact that it is the first platform to enable the creation of decentralized applications, or Dapps. With more Ethereum technology advances, more businesses will build on Ethereum, more businesses will adopt Ethereum business standards to scale markets, and more developers will join the community to drive the technology further. Ethereum’s powerful network effect will drive Web 3.0 from promise to reality. 

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