Joseph Lubin is a co-founder of blockchain computing platform Ethereum and the founder of Consensus Systems (ConsenSys), a blockchain venture studio. ConsenSys is one of the largest and fastest-growing companies in the blockchain technology space, building developer tools, decentralized applications, and solutions for enterprises and governments that harness the power of Ethereum. Headquartered in New York, ConsenSys also has a global presence, employing top entrepreneurs, computer scientists, software developers, and experts in enterprise delivery worldwide.
Every time one of these crises occur, people question the integrity of crypto. It’s unfortunate because the root of the problem is almost always still a centralized entity with a single point of failure. Decentralized finance technologies are maturing and offer greater transparency and security. There is already a fleet of DeFi apps that’s serving as an economic playground to test Ethereum’s capabilities. We’ll learn lessons from every incident such as this, and trustworthy marketplaces will rise to the top. For now, there are much better stablecoin alternatives than Tether.
The EEA continues to push enterprise adoption forward, and form working groups around critical use cases and industry verticals. It’s truly exciting to see the largest tech companies on the planet begin to implement blockchain technology for enterprises. The token taxonomy initiative will standardize practices across networks to unlock economic opportunities that were previously impossible.
Absolutely bombshell news. EY is one of the most trusted professional service firms in the world, and the fact they have confidence in Ethereum for enterprise use is an extremely good sign. They know that utilizing the public chain is the fastest way to maximize adoption. Really respect Brody going public with this announcement, and hopefully others with follow suit.