Enterprise blockchain is going to come back from the dead
With scalability, privacy tools and onchain liquidity improving, businesses may finally have the infrastructure to make enterprise blockchain work.
Enterprise blockchain technology is poised to make a comeback due to advancements in scalability, privacy, and onchain liquidity. This is according to Paul Brody, founder and CEO of Nightfall Networks.
The comparison is drawn to Pets.com, which raised $110 million but ultimately failed due to impractical shipping logistics. The author argues that enterprise blockchain suffered the same fate because the idea was pursued before the necessary infrastructure and business model were in place.
However, the situation has changed. Scalability issues have been largely resolved, with Ethereum processing 1 million transactions per day and transaction costs falling to a few cents. Privacy tools have also improved, with various options available to ensure data security. Additionally, there is now a substantial amount of liquidity on the blockchain, with stablecoin transaction volume reaching nearly $1.8 trillion in June.
Brody suggests that these improvements create a compelling case for enterprise blockchain adoption. The combination of operational benefits, financial advantages, and a single ecosystem for asset management could provide substantial ROI for businesses.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
