The Enterprise Blockchain Gap A number of large corporations, including Microsoft, IBM, Oracle, and SAP, have started to take notice of, and invest in, blockchain technology. Enterprise customers are interested in the blockchain because it can help reduce fraud, increase transparency, and provide secure record keeping. Blockchain technology has started showing up in such diverse fields as cybersecurity, insurance, and supply chain management. Less technically savvy corporations are starting to dip their toes in the water, but there’s a huge gap between the desire to invest in blockahin technology and developers with the skills to implement it.
Ethereum introduced the world to the idea of Smart Contracts, which are blocks of code that are executed on the blockchain in a distributed manner. Smart Contracts are run on every Ethereum node and the results verified by the network, which makes it possible to execute code in a distributed and trustless manner. Anyone can join the Ethereum network and run a node, and participate in the validation of the Smart Contracts that get executed.