Enterprise Blockchain: "Ethereum for Business" Explains Key Use Cases

"Ethereum for Business" by Paul Brody provides a basic overview of enterprise Ethereum, while providing real-world use cases on how EY clients are leveraging technology.

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The cryptocurrency market has seen its share of ups and downs over the past year, but blockchain technology continues to experience impressive growth as businesses seek digital transformation.

Recent findings from market research platform, MarketsandMarkets, estimated the global blockchain market size to be $7.4 billion in 2022. is expected to generate $94 billion in revenue by the end of 2027. If these results are correct, this translates to a compound annual growth rate of 66% from 2022 to 2027.

Breaking down "Ethereum for Enterprise"

Specifically, many companies today use the Ethereum blockchain to improve outdated business processes. Paul Brody, global blockchain leader for Ernst & Young (EY), told Cointelegraph that he believes the Ethereum network will drive the most growth for the enterprise blockchain market in the future.

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To bring this to light, Brody recently published Ethereum for Business. According to Brody, this book aims to help non-technical executives and business leaders understand how and why Ethereum is changing. applies to specific use cases.

Book cover. Source: University of Arkansas Press

To ease readers into the subject, Brody begins the first part of the book by explaining how Ethereum works using relatable language. "There are three fundamental concepts that are useful to understand - the distributed ledger, the programmable ledger, and the consensus algorithm," he writes. Brody then explains that...