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Is Ethereum Prepared for Enterprise? EEA Inaugural Report Investigates


EEA Ethereum Enterprise Readiness Report 2022 Assesses Ethereum’s Enterprise Potential Primarily based on In-Depth Evaluation from Case Research, Interviews, and Ecosystem Analysis

Wakefield, Mass. – June 29, 2022 – The Enterprise Ethereum Alliance (EEA) at present introduced the publication of its Ethereum Enterprise Readiness Report 2022, obtainable as a free, downloadable doc. The report represents one of many first makes an attempt to systematically assess the capabilities and potential of Ethereum as a enterprise platform. By means of case research, interviews, and authentic Ethereum ecosystem analysis, the report sheds mild on the usage of Ethereum and Web3 applied sciences to resolve real-world enterprise issues. Within the report, the EEA additionally proposes a framework for companies to make use of to grasp and assess their choices when constructing on Ethereum. Study extra in regards to the report by visiting https://entethalliance.org/eea-ethereum-business-readiness-report-2022/. 

“The EEA Ethereum Enterprise Readiness report makes the thrilling Ethereum exercise occurring behind the scenes within the company world extra accessible and approachable. Within the present second of turmoil in crypto markets, this report is a reminder that Ethereum is rather more than speculative belongings or fintech. It’s a strong platform for fixing a few of at present’s most urgent enterprise issues by using decentralized fashions, whether or not it’s utilizing NFT know-how to streamline a worldwide knowledge middle provide chain, good contracts to effectively supply parametric crop insurance coverage to smallholder farmers, or utilizing the general public blockchain to fight faux information,” mentioned EEA Govt Director Dan Burnett. “I wish to thank all of the EEA members, specialists and practitioners who helped make this report doable.”

The report has two foremost objectives: to assist the broader enterprise neighborhood perceive the potential and capabilities of public Ethereum and the Ethereum ecosystem by shedding mild on present real-world deployments of Ethereum and Web3 applied sciences to resolve enterprise issues; and, by a complete framework, to offer companies with a conceptual mannequin and toolset by which they’ll perceive and assess their choices when doing so. By making use of the framework to 4 key use circumstances, enterprise professionals can perceive the relative enterprise deserves and dangers of every case research’s method.

“Is Ethereum prepared for enterprise? We consider the reply is sure, although with some caveats,” continued Burnett. “Because the EEA’s evaluation and examples present, the items are actually in place within the Ethereum ecosystem for the protected and productive use of this know-how as a enterprise platform. By offering insights with out jargon, and easy explanations primarily based on real-world examples, now we have tried to make this as clear as doable to each these accustomed to blockchain and people new to this area.”

Enabling Enterprise Resolution-Makers to Assess Ethereum’s Potential

To supply enterprise decision-makers a complete analysis of Ethereum’s enterprise readiness, the report is damaged up into 4 foremost sections with two companion appendices that characteristic 9 consultant case research and 6 interviews. Report parts embody:

Report Design and Methodology

Primarily based totally on qualitative analysis within the type of case research and interviews, the report additionally incorporates quantitative analysis from the EEA’s database of over 100 initiatives. The report contains two lengthy appendices containing consultant case research and interviews to assist enterprise professionals perceive the evaluation inside the context of firsthand accounts. Enterprise professionals can submit a case research suggestion for the EEA library.

Companion Primer Program Provides Introductions to Ethereum Ideas

This report, coupled with the current launch of EEA’s Primer Program, makes the thrilling Ethereum exercise occurring within the company world extra accessible and approachable to a wider vary of enterprise leaders. The EEA primers, reminiscent of Welcome to Ethereum, Introduction to Layer 2, and Introduction to DAOs, supply overviews of lots of the completely different ideas and sides of Ethereum, and blockchain as a complete, to assist extra professionals get began on the platform. New primers will likely be added to the collection commonly and enterprise professionals can e mail the EEA at [email protected] to counsel a primer matter.

Concerning the EEA

The Enterprise Ethereum Alliance (EEA) allows organizations to undertake and use Ethereum know-how of their day by day enterprise operations. The EEA empowers the Ethereum ecosystem to develop new enterprise alternatives, drive trade adoption, and study and collaborate. The EEA Group Initiatives supplies a hub for open supply growth of code, APIs, requirements, and reference implementations. To study extra about becoming a member of the EEA, attain out to [email protected] or go to https://entethalliance.org/become-a-member/.

Observe the EEA on Fb, Twitter, LinkedIn, and YouTube.

Here’s what a number of the EEA Board members must say in regards to the EEA Enterprise Readiness Report 2022:

Accenture

“Over the previous seven years, Ethereum has achieved a privileged place for enterprise purposes. The EEA Ethereum Enterprise Readiness Report will assist the whole enterprise neighborhood perceive how Ethereum can profit companies of all sizes. We’re more than happy to be a part of this vital initiative and look ahead to becoming a member of the Ethereum Anniversary Occasion and studying from different enterprise leaders,” mentioned EEA board member David Deal with, Senior Managing Director, World Metaverse Continuum Enterprise Group & Blockchain lead, Accenture.

BlockApps

“Ethereum know-how is the important thing to creating progressive Web3 options for our prospects, and the EEA Enterprise Readiness Report is an ideal instance of how enterprises may be on the forefront of those developments. On the Ethereum seventh Anniversary Particular, discussions will deal with how the Ethereum blockchain know-how stack holds nice promise for companies,” mentioned EEA Board member Victor Wong, Founder and Chief Product Officer of BlockApps.

ConsenSys

“Ethereum has grown more and more vital for companies constructing infrastructure to securely transact and switch worth utilizing blockchain. The EEA Enterprise Readiness Report shares how companies are unlocking the advantages of Ethereum’s know-how to scale quicker and create new ranges of belief. The Ethereum seventh Anniversary Particular will additional reveal faucet Ethereum’s and Web3’s potential,” mentioned Joseph Lubin, Founding father of ConsenSys, Co-Founding father of Ethereum, and EEA Board Director.

J.P. Morgan

“The EEA Ethereum Enterprise Readiness Report sheds mild on why Ethereum is a extensively used enterprise know-how and why firm leaders are utilizing Ethereum know-how of their day by day Web3 enterprise operations. The Ethereum seventh Anniversary Particular occasion will additional look at how real-world experiences are constructing industrial options utilizing blockchain applied sciences and decentralized approaches,” mentioned EEA Board member Tyrone Lobban, J.P. Morgan Head of Blockchain Launch and Onyx Digital Property, Onyx by J.P. Morgan.

Microsoft

“The fast acceleration of enterprise adoption pushed by Ethereum is unlocking long-needed digital transformations and innovation. The EEA Ethereum Enterprise Readiness Report reveals how Ethereum and the general public Mainnet are proving to be a brand new instrument for enterprise answer growth. The Ethereum seventh Anniversary Particular occasion will assist drive the dialogue ahead,” mentioned EEA Board member Yorke Rhodes III, Cofounder, Blockchain @Microsoft and Director, Digital Transformation, Blockchain.

Palm NFT Studio

“Ethereum helps companies revolutionize how the world thinks about finance, tradition, media possession and the connection between creators and followers. The EEA Enterprise Readiness Report advances our collective understanding of how companies create Web3 purposes and ecosystems. I look ahead to listening to from enterprise leaders on the Ethereum seventh Anniversary Particular occasion to debate Ethereum’s transformative enterprise potential throughout industries,” mentioned EEA Board member Palm NFT Studio CEO Dan Heyman.



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