ETH Merge will change the way companies view Ethereum for business

Industry experts discuss how the Ethereum merger will impact enterprise adoption for commercial use cases. Analysis

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 enterprises to solve real-world problems. From supply chain management use cases to payment solutions used by companies like Visa and PayPal, the report shows how the Ethereum network has grown to become one of the most popular public blockchains. appreciated.

While noteworthy, the EEA report also highlights that the rapid growth of the Ethereum ecosystem has created a number of challenges for businesses, particularly with regards to power consumption, scalability and confidentiality. For example, the document states that “sustainability was cited as one of the top concerns, along with transaction fees, when it comes to using the Ethereum mainnet.” The report further explains that the transparency associated with a public blockchain like Ethereum has been a barrier for companies seeking data security and trust.

Thus, upgrades such as sharding and Layer 2 (L2) scalability solutions remain essential for businesses using the Ethereum network. Yet the complex nature of these implementations continues to be difficult for enterprises to manage. For example, the EEA report states that “many Layer 2 solutions and sidechains are relatively new projects, with relatively new technology. They don't necessarily have the track record or proven security and stability of the mainnet. »

However, industry experts predict that the Ethereum merger, which is due to take place on September 14, will likely improve enterprise adoption. Paul Brody, global bloc...