In the middle of last year, the Enterprise Ethereum Alliance (EEA) assessed the readiness of the public Ethereum mainnet for enterprise use cases. It concluded it was ready but with a few caveats. Today the EEA published its latest assessment, reducing its caveats.
Like the previous report, the paper doesn’t sugarcoat the challenges. But it does come across as pretty bullish.
That said, it surprisingly undersells itself in one important area. It describes the advantages to business as the “strong ecosystem, security, and decentralization.” The reference to the strong ecosystem is a bit of an understatement. The consumer reach of public blockchain, and Ethereum in particular, is like a magnet for financial services firms seeking global distribution. Private blockchains do fine for institutional usage.
This is one of the reasons why so many institutions are exploring public blockchain, including SWIFT, Standard…
