We live in an information age where technology is constantly and rapidly progressing with every single day. Furthermore, emerging technologies are driving the rapid rate of innovation and having a transformational impact on the IT industry and further afield. As Bill Gates once said, “Innovation is moving at a scarily fast pace.”
Considering the current situation in the world, blockchain has become more relevant than ever. As the situation evolves and human lives are endangered, the need for transparency, visibility, and trust is emphasized in all interactions that we have, whether they are professional, private, or with the environment in general.
Depending on which surveys you look at, Ethereum is the foundation for anything from “most” to “nearly all” serious business blockchain development. More than 90 percent of the blockchain tools and libraries on GitHub are Ethereum-compatible. For the foreseeable future, Ethereum is the standard platform for enterprise blockchain projects.
This is true despite the fact that Ethereum has serious shortcomings that make it unsuitable for enterprise-scale projects.
In this post, I’ll show you why Ethereum is a necessary but not sufficient technology for building real-world blockchain apps. Combined with tools and protocols that address its limits - technology like Kaleido from ConsenSys - Ethereum is a very solid foundation for enterprise-scale blockchain.