Vitalik Buterin Calls for Collaboration at Enterprise Ethereum Launch

Ethereum creator Vitalik Buterin addressed a crowd today at the launch of a corporate-facing version of the blockchain platform.

AccessTimeIconFeb 28, 2017 at 5:25 p.m. UTC
Updated Sep 11, 2021 at 1:07 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

In a televised speech at the launch of the Enterprise Ethereum Alliance today, ethereum's creator, Vitalik Buterin, focused on why enterprise blockchains, generally seen as competitors to public networks, might have an interest in working together.

Announced today, the Enterprise Ethereum Alliance is a new group of major companies that plans to develop blockchain applications on ethereum (think Microsoft and JPMorgan). Long-rumored, the event today served as a coming out party for the incumbents and startups involved.

In the video, Buterin outlined a technical ethereum roadmap and ended with a summary of the synergies between private and public versions of ethereum.

Notably, Buterin never mentioned the Enterprise Ethereum Alliance by name, but spoke generally to the differences between public and enterprise implementations, as well as the challenges that both types of networks will need to confront.

Buterin said:

"In general, I think there are a lot of things that we can work together on. We have shared challenges. If challenges get solved in one context, the solutions can be ported over to another context."

Buterin is also a representative of the Ethereum Foundation, the Swiss non-profit organization founded to support the public ethereum network. However, Buterin has long shown a willingness to cross the aisle and work with corporates.

The Enterprise Ethereum Alliance is the latest consortium focused on blockchain technology to emerge, adding to a group that includes the Hyperledger project and banking consortium R3CEV, the latter of which has collaborated with Buterin on reports for its member institutions.

Shared challenges

One example Buterin listed as an area of mutual concern for both groups is the optimization of the ethereum virtual machine (EVM), the key innovation that makes it possible for ethereum to deploy more complicated smart contracts.

Both private and public versions will need to use it, and Buterin believes that, perhaps, the two communities can pair up to solve issues confronting its more widespread implementation and use.

The comments are noteworthy as some in the ethereum community seem to view the Ethereum Enterprise Alliance as a Trojan Horse for the public version of ethereum, rather than as an end in itself.

Some developers in the ethereum community are also wary of private versions due to how they permission access to these systems. While the public ethereum blockchain is open for anyone to join and participate in, for example, a private version may be controlled by a vetted group of participants.

Still, Buterin did his best to quiet such thinking, striving to extend the olive branch as the groups look to move ahead on development.

He concluded:

"I hope that the ethereum core development community and the enterprise community can, as much as we can, put our forces together and see if we can come up with some solutions to something."

Images via Alyssa Hertig for CoinDesk

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.