"You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete." – R. Buckminster Fuller
According to sources, we will soon see the release of a new blockchain development tentatively called Ethereum Enterprise.
Although the project is progressing under a veil of secrecy, a few participants have revealed to CoinDesk some details of the scope and ambition.
The project hopes to solve common frustrations of adapting ethereum for enterprise applications. The development is said to include an enterprise-grade stack, privacy tools and interaction with the public blockchain.
If eventually released, it could end up offering large enterprises an alternative to already existing private blockchains and consortium projects.
(You can see more of our Year in Review series HERE.)
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Wait, there's more:
Will 2017 Bring an End to Bitcoin's Great Scaling Debate? *Year in Review*: CoinDesk contributor Corin Faife revisits the history of the bitcoin scaling debate over the past year, from the introduction of Segregated Witness in December 2015 to the release of Bitcoin Classic in February 2016 – as well as the continuing debate over the feasibility of a hard fork. In spite of considerable progress by Bitcoin Core in setting the stage for SegWit incorporation, Corin points out that there is still substantial controversy that could block its adoption. Read more.
3 Things Smart Contracts Need Before They Can Really Take Off *Year in Review*: Arthur and Kathleen Breitman of blockchain platform Tezos lay out the three conditions they see as necessary for successful smart contract implementation. Their main points: more focus on security than on ease of use, code transparency and clear governance mechanisms. Read more.
Charlie Shrem's Blockchain Project Sees Gold in Garbage Charlie Shrem and Jason Granger are launching a fund called Mainstreet Investment LP. The aim is to create a portfolio of waste management companies, starting in Michigan, and allow investors the opportunity to participate in the benefits of industry consolidation via tokens issued on the blockchain. In addition, the hope is that the companies themselves (and indirectly, the investors) can benefit from blockchain efficiencies. Read more.
US Treasury Insurance Advisors to Discuss Blockchain An advisory council to the US Treasury Department focused on the insurance market will meet this afternoon to discuss, among other things, the use of blockchain technology. Read more.
SEC Delays Winklevoss Bitcoin ETF Again The SEC has once again delayed its findings on the Winkelvoss' proposed bitcoin ETF, putting off its decision on whether to approve the effort until March. Read more.
New Bitcoin Software Update Boasts 55 Fixes Bitcoin Core rang in the digital currency's eighth birthday by releasing a new update. While no major changes or additions are included, version 0.13.2 rounds up a number of minor fixes, including a wallet upgrade, improved block relay and easier SegWit adoption. Read more.
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