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Capstone Enterprise Panel: Ethereum's Industry Impact

Panelat ETHOnline 2020 · on Friday, 2020-10-30
slides:none on file

Panelists describe concrete enterprise work: EY builds Nightfall (ZK proofs for private transactions) and donates it to the public domain; Baseline Protocol links private systems to public Ethereum. Microsoft and EY prototype an Xbox royalty engine that cuts settlement from 45 days to ~4 minutes, saves roughly half the cost, and claims 99% cycle-time reduction. They stress privacy, note earlier ZKP gas costs >$100 per tx, and predict >50% of new contracts on public Ethereum by 2030.

AI-written summary · about

  1. 0:00Start
  2. 5:57Fear of digital intermediaries has had a profound impact on how companies do business and how they invest in technology
  3. 10:12When we get to the intersection of tokens and smart contracts, we can start to do some really transformational things in the enterprise
  4. 17:04An Ethereum ecosystem with heavy enterprise participation will be a better
  5. 19:00There is a particularly important role for trusted third parties in making public blockchains trustworthy ecosystems
  6. 21:41Don't think it matters? It does. The stakes are high, because software and networks are mostly winner-take-all games
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