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ETH Merge will change the way enterprises view Ethereum for business

Published 09/08/2022, 10:30 AM
Updated 09/08/2022, 12:00 PM
ETH Merge will change the way enterprises view Ethereum for business

ETH Merge will change the way enterprises view Ethereum for business

A recent report from the Ethereum Enterprise Alliance (EEA) highlights how the Ethereum ecosystem has matured to a point where the network can be used by businesses to solve real-world problems. From supply chain management use cases to payment solutions utilized by companies like Visa (NYSE:V) and PayPal (NASDAQ:PYPL), the report demonstrates how the Ethereum network has grown to become one of the most valued public blockchains.

Although notable, the EEA report also points out that the rapid growth of the Ethereum ecosystem has created a number of challenges for companies, specifically regarding energy consumption, scalability and privacy. For example, the document states that “sustainability was cited as one of the main concerns, along with transaction fees, in relation to using the Ethereum Mainnet.” The report further explains that the transparency associated with a public blockchain like Ethereum has been a hurdle for enterprises seeking data security and trust.

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