I had the pleasure of being at Blockmatic’s Enterprise Ethereum Alliance panel discussion tonight, where experts in the blockchain industry came to discuss the future of the EEA. In attendance were Amber Baldet (@AmberBaldet), Vanessa Grellet (@VanessaGrellet), Preston Byrne (@prestonjbyrne), Kieren James-Lubin (@kjameslubin) and Allison Paz (@apnerdette).
This event was live streamed and will likely be posted shortly, but until then, here are three take-aways I felt were important about the event:
Over one-third of the people in attendance had little interest in the cryptocurrency aspect of blockchain technology
It was a surprise to hear that during a straw poll, a significant minority of the crowd was not interested in blockchain as a cryptocurrency platform. Instead, they were interested in the enterprise solution aspect of the Ethereum, more in how this technology will be used inside private enterprises.
I come from a background in studying cryptocurrency and was introduced to blockchain technology as a side-effect of this. Most of the people I know who are interested in this field got started that way. So it’s interesting to see that the community is growing to groups outside of the cryptocurrency crowd.
The goals of Enterprise Ethereum Alliance are not necessarily in alignment with the Ethereum public blockchain
Amber Baldet (@AmberBaldet) talked about how the Ethereum Enterprise Alliance was attempting to solve a different set of problems than the Public Ethereum Blockchain. This makes sense, as enterprise organizations have very different needs than public or open source products. However, during her discussion with the other panel members, I got the impression that despite the EEA being based in Ethereum, the end goal is a series of governance changes that would significantly alter the way their Ethereum ran. At one point, it seemed like enterprise Ethereum would be an entirely different product than what the public Ethereum blockchain offers.
Whether this will play out in truth is yet to be decided, but it was interesting to hear about Enterprise Ethereum like a separate product and entity from the public blockchain we know and love.
There is a strong belief that ICO’s are bad for the community
This was not a universal belief from the board, but from one member, Preston Byrne (@prestonjbyrne). A member of the audience asked the panel about the proliferation of ICO’s in the last few months, citing the nearly daily launches of ICOs. Preston almost couldn’t contain himself and outright condemned ICOs, stating that the start-up model had been inverted, allowing small teams of engineers to pocket large amounts of capital with very little invested. I no uncertain terms, these ICOs are bad and the founders of these ICOs should feel bad. None of the other members had strong opinions on the issues, but nothing else needed to be said.
Despite not being about EEA, I felt this was one of the most compelling points of the meeting, as ICO launches are on the rise and will continue to take funds from investors who don’t know the level of risk they’re getting involved in.
What do you think?
Overall, the EEA has a long road ahead of it to unite the enterprise community. They have some strong engineers and professionals helping the cause, but it will take a lot of time and cooperation from traditional financial competitors, which is no easy task.
What is is going to take for the EEA to be successful? Do you think that diverging the enterprise community away from the public blockchain will be successful? Let us know in the comments.