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Da ɛtwaso a yɛyɛ krataa no foforo: August 29, 2024

Ethereum for enterprise

Ethereum can help many kinds of businesses, including large companies:

  • Increase trust and reduce the cost of coordination between business parties
  • Improve business network accountability and operational efficiency
  • Build new business models and value creation opportunities
  • Competitively future-proof their organization

In the early years, many enterprise blockchain applications were built on private permissioned Ethereum compatible blockchains or consortium chains. Today, thanks to technological advances which enable greater throughput, lower transaction cost, and privacy, most enterprise applications that use Ethereum technology are being built on the public Ethereum Mainnet or on Layer 2 chains.

Resources

Further reading

Non-technical resources for understanding how businesses can benefit from Ethereum

Organizations

Some collaborative efforts to make Ethereum enterprise friendly have been made by different organizations

Enterprise developer resources

Products and services

Tooling and libraries

Scalability solutions

Most new blockchain applications are being built on Layer 2 chains. Layer 2 is a set of technologies or systems that run on top of Ethereum (Layer 1), inherit security properties from Layer 1, and provide greater transaction processing capacity (throughput), lower transaction fees (operating cost), and faster transaction confirmations than Layer 1. Layer 2 scaling solutions are secured by Layer 1, but they enable blockchain applications to handle many more users or actions or data than Layer 1 could accommodate. Many of them leverage recent advances in cryptography and zero-knowledge (ZK) proofs to maximize performance and security, and some offer an additional level of privacy.

Enterprise applications live on Ethereum Mainnet

Here are some of the enterprise applications that have been built on top of the public Ethereum Mainnet and L2s by and for traditional, non-blockchain based companies.

Payments

Finance

Asset tokenization

Notarization of data

Supply chain

Insurance

Identity, credentials and certifications

Entertainment, NFTs, and Loyalty

If you would like to add to this list, please see instructions for contributing.

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