EEA releases second Ethereum business readiness report

The 2023 edition provides the most comprehensive snapshot of “real-world” business adoption of Ethereum currently available.

The report includes insights from an analysis of 260 business projects, numerous case studies, and in-depth interviews with industry experts including Joe Lubin, Alex Tapscott, Shell’s Vikram Seth, and Offchain Labs’ Steven Goldfeder..

Wakefield, MA — December 21, 2023 — Enterprise Ethereum Alliance (EEA) today released the EEA Ethereum Business Readiness Report 2023. Documents available for free download.

The 100-plus page report contains what the EEA believes is the most thorough and in-depth look at business adoption of Ethereum available today. Continuing the work of the first edition released in June 2022, this report is a systematic assessment of the capabilities and potential of Ethereum as a business platform.

Paul Brody, EEA Board Member and Global Head of Blockchain at EY, said: “Overall blockchain adoption by enterprises may have slowed, but Ethereum’s share has increased significantly. This is a huge milestone in itself as it begins to reduce the complexity that businesses experience when entering the blockchain space. Increasingly, the default choice is trending toward Ethereum.”

Karen Scarbrough, EEA Board Member and Senior Technical Program Manager at Microsoft, said: “2023 was another year in which the Ethereum ecosystem further addressed scalability and privacy in a faster manner compared to private blockchain implementations. Going forward, we will look back on this year as the strongest foundation-building year in Ethereum history.”

The report was written using a mix of quantitative and qualitative data. The quantitative analysis was based on the EEA’s own proprietary database of 260 business-focused projects outside of the well-known consumer DeFi and NFT worlds. The qualitative data comes from a series of extensive interviews and case studies, many of which are printed in full in the appendix to the report.

What will readers discover?

The report is organized into five main sections and extensive appendices:

• Section 1: Year of Ethereum Business
• Section 2: Ethereum and EVM Use in Business Today
• Section 3: Observations and Trends
• Section 4: Assessing the Business Readiness of the Ethereum Ecosystem
• Section 5: Conclusion
• Case studies: Roxpay, XEROF, Shell Avelia, Rubey.be, Tokenchampions, Tokeny, Sage, Blocksquare, Fnality, BRØK, Opera Minipay Wallet, Circularise
• Interview: Dan Heyman, Palm; Alex Tapscott, author; Vikram Seth, Shell; Joe Rubin, ConsenSys; Rene Reinsdorf, Celo; Steven Goldfeder, Offchain Labs; Markus Schorn and Jens Herrmann, Deutsche Telekom

The report can be downloaded for free. On the EEA website.

About EEA

that much EEA (Enterprise Ethereum Alliance) Organizations can adopt and use Ethereum technology in their daily business operations. The EEA enables the Ethereum ecosystem to develop new business opportunities, drive industry adoption, and learn and collaborate. that much EEA Community Project Provides a hub for open source development of code, APIs, standards, and reference implementations. To find out more about joining the EEA, please contact: (email protected) or visit https://entethalliance.org/become-a-member/.

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