In 2021, the advancement of Ethereum technology puts it on the verge of exciting changes and possibilities. As the technology matures, commercial use and adoption in emerging markets have expanded. At the EEA’s Ethereum Takeover World Conference earlier this year, panelists emphasized the “paradigm shift” of Web 3.0 in terms of trust, governance, and centralization and decentralization, similar to the evolution of the Internet and network protocols. The integration of business and mainnet interests, whether related to supply chain, banking, DeFi, or NFT, is redefining business and society as we know it.
Ethereum is crossing the gap for several key reasons, including technological advances, evolving business standards such as baselines and layer 2 solutions (L2), and aggregate technologies that allow enterprises to build many different architectures that interact with each other, through bridges or anchor. Let’s take a moment to look at the importance of Ethereum to the corporate business community, how far we have come, and the great potential of where we are heading.