Anticipated Rise in Enterprise Ethereum Use Cases by 2024

Enterprise Interest in Ethereum Grows

Businesses are increasingly looking to leverage Ethereum (ETH) in the coming year, alongside investors.

Ethereum as a Dominant Enterprise Platform

Industry experts suggest that enterprise Ethereum is gaining momentum, with transactions on the Ethereum mainnet steadily rising. Ethereum is viewed as the dominant enterprise platform, with concerns around gas fees being addressed by recent upgrades.

Scalability and Low Gas Fees Essential

Scalability and low gas fees are crucial for high volumes of business transactions, with the Ethereum L2 ecosystem maturing to serve more specialized purposes.

Microsoft’s Ethereum Developments

Microsoft has been leveraging blockchain for supply chain management since 2019, with recent developments including financial controls layers on its Quorum Blockchain Service and Ethereum implementation in the Microsoft Edge browser.

Enterprise Ethereum Alliance Initiatives

The Enterprise Ethereum Alliance (EEA) aims to raise awareness for enterprise Ethereum as the blockchain ecosystem matures, providing guidance and successful use cases for businesses.

Challenges for Enterprise Ethereum

Despite the progress, challenges such as high transaction costs, scalability, and security issues remain for enterprises using Ethereum. However, optimism remains high for future growth as regulations become clearer.