Decentralized public blockchains are the only way enterprises will commit to digitizing services in an interoperable manner, says EY’s Paul Brody.
Paul Brody is a principal and global innovation leader for blockchain technology at EY.
“Say what you will about Cryptokitties, but the app does something today that nearly all enterprise blockchains still cannot: exchange one item of value, a cryptokitty, for another item of value, ether.
That item of value may be silly (a digital kitten), but to those who care about them, it’s really enough.
More importantly, the entire contract and transaction, including the exchange of product, takes place on the ethereum blockchain. At EY, our hypothesis is that this kind of low-friction, closed-loop economic transaction is, in fact, the ultimate end game for most enterprise blockchain aspirations.”
Read the full article at Coindesk: Public Blockchains’ Lure Will Become Irresistible for Enterprises in 2018