Richard Brown of R3 recently wrote of his admiration for the public chainvision of Ethereum, but also noted that its current scaling and privacy challenges are too great and that “[o]nly the Corda network can deliver this.”
While we disagree with his conclusion, there is a deeper message in Richard’s comments that we think bodes well for the future of Ethereum. Enterprise blockchain providers like R3 and IBM, long purveyors of “blockchain good, bitcoin bad” pronouncements, are now accepting the inevitability of public chain use cases in industry. The walled gardens of consortium blockchains, though useful as proofs of value, pale next to what a scalable, interoperable blockchain network could do for enterprise.
[read the rest at the ConsenSys Medium page…]