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Ethereum’s ‘Enterprise’ Play Is Evolving, Says ConsenSys CEO

Joe Lubin, the co-founder of Ethereum and the CEO of ConsenSys, mentioned that the convergence between the public mainnet and corporate versions of the technology are now nearer than ever.

Consensys chief, who gave a speech at the Enterprise Ethereum Alliance (EEA) anniversary event along with Vitalik Buterin and angel investor Balaji Srinivasan, pointed to digital assets, DeFi and NFTs now entering pop culture.

In a recent interview with crypto media outlet Coindesk, Lubin mentioned,

“In my opinion, this is a moment where we can start to think of the paradigm shift towards a new trust foundation. We’ve been proclaiming for years that it’s coming, and now it’s moving fast.”

Notably, ConsenSys has become a foundation of enterprise blockchain, having taken on supervisory role for the permissioned Quorum network, a fork of Ethereum designed by investment bank JPMorgan in 2016.

In terms of the convergence statement, Lubin mentioned that banks like Goldman Sachs and JPMorgan are

“not just paying a lot of attention to the public mainnet, but are starting to do things around digital assets.”

Lubin said,

“So, in the context of the EAA, is Polygon an enterprise? Is the Maker Foundation an enterprise? The definition of ‘enterprise’ is evolving.”

Lately, EEA Chairman John Whelan mentioned that he looks forward to Ethereum sidechains and layer two systems that are particularly enterprise-related.

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