Assessing the Advantages of Ethereum Blockchain Solutions for Enterprises

Ethereum is one of the most popular blockchain platforms for decentralized application development and smart contract solutions. It has the potential to provide blockchain protocol for more than a dozen applications across various categories. They include

  • Open finance
  • Decentralized exchanges
  • Gaming
  • Collectibles
  • Marketplaces
  • Developer tools
  • Identity
  • Governance
  • Infrastructure
  • Token-curated registries and
  • Ethereum Request for Comments (ERC) token standards

Therefore, it is apparently the leading platform for enterprise blockchain solutions.

Thus, it appears to be leading the field of enterprise blockchain solutions.

Ethereum Blockchain’s Global Adoption by Enterprises

There are more than 2000+ crypto projects built upon Blockchain. However, it is the Ethereum blockchain that has demonstrated how blockchain technology can gain real-world widespread adoption with both individuals as well as enterprise business solutions. For instance, since Ethereum’s inception in 2015, over 2,500 DApps have been built using its blockchain protocol.

After being available as a public blockchain, now it also has entered the domain of enterprise adoption with private blockchain solutions. The Enterprise Ethereum Alliance, a blockchain consortium with over 450 enterprise business members like Microsoft, JPMorgan Chase, Santander, Accenture, ING, Intel, Cisco, and others, takes it at the forefront of enterprise adoption.

Why Giant Enterprises Are Choosing Ethereum Blockchain Development

Ethereum is apparently becoming one of the leading blockchains among enterprises. For instance, as per Forbes’s report, more than 50% of firms included in the “Blockchain 50: Billion Dollar Babies” list are using Ethereum blockchain to build applications on top of it. The following are a few key reasons these enterprises are opting for Ethereum blockchain development

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