Ethereum Platform is pinnacle choice for big enterprise – Survey

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Nearly half of all companies that are considering to deploy blockchain technology in their business is looking to Ethereum as their platform of choice, a new survey from Juniper Research, a UK based research company, has found.

Dubbed the Blockchain Enterprise Survey: Deployments, Benefits & Attitudes, the study revealed that distributed applications (dapps) built on the Ethereum blockchain remains the most attractive option for large enterprises, with the greatest potential now seen in areas of practical application such as logistics, authentication, and smart contracts. (Juniper did not provide further details about the methodology of the survey.)

The positive responses could also indicate that large enterprises place much greater value on the flexibility of the Ethereum platform and the tokens built on it than on the price of Ether, which has crashed roughly 85% since its peak in early 2018.

Ethereum Platform is Top Choice for Big Business - Survey 102

in spite of this year’s sell-off, but, Ethereum has remained that no-onelargest cryptocurrency with the aid of marketplacecapitalization, with a complete cost of over USD 22 billion. That compares to a USD 11 billion marketplace cap for the variety three cryptocurrency, Ripple’s XRP.

butcompetition is fierce among Ethereum and its options such as NEO, Lisk, Cardano, RSK, NEM, and others. as an example, Everipedia, the new initiative that pursuits to project the net encyclopedia Wikipedia, has decided to ditch their plans of launching at the Ethereum blockchain in prefer of the brand new EOS blockchain.

in the meantime, the survey by means of Juniper, which only blanketed enterprises with over 10,000 employeesfurtherfound out that sixty five% of respondents have been already actively engaged in, or thinking aboutdiverse blockchain related projects, marking a giant boom from the 34% of groups that said the equal that no-onent last 12 monthsonly15% of respondents stated they have been thinking about blockchain projects related to paymentsas compared with 34% ultimate yr.

similarly, the agencies surveyed that had already spent USD that nothat nobody,000 on blockchain development, all saidthey intend to at the least double the quantity this 12 months, which, consistent with Juniper studies, demonstrates that preliminary studies with the generation were in large part fine.

also, a latest survey by way of p.c showed that 3 of the most important reasons stalling blockchain adoption in companiesare valueno longer knowing how to startand absence of governance. however, as Steve Davies, Blockchain leader at %burdened, “what business executives inform us is c066c3151fb58ad38ae60c5614d1f5d7 wants to be left at the back of by way of Blockchain, even supposing at this early degree of its developmentissues on accept as true with and regulationcontinue to be.”

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