[Music]
great uh very happy to be here everyone
uh once again I'm Karen scarbro I lead
the Enterprise ethereum alliance's
executive director right now and in my
day job I work for Microsoft so I have a
very uh good hand on how some of the
largest Enterprises are viewing ethereum
today and what can be done to uh
increase ethereum adoption and awareness
in the community so I definitely think
it's worth it to go over what exactly is
the Enterprise ethereum Alliance and uh
if you haven't heard about us before we
were actually an organization started
way back in
2017 uh at that time a lot of Enterprise
use cases were going on private
blockchains there was a number of
standards and uh technical
specifications that needed to be
developed in the industry and ethereum
actually put together the largest
consortiums of uh companies to be able
to uh start acting on that activity so
we are a nonprofit membership based
organization that is advocating for the
adoption of ethereum in business and
ultimately our goal is to make it so
clear for business that whenever they
choose to do business in web 3 ethereum
and the layer 2 ecosystem is the very
clear choice that they choose to go with
for where they'd like to build uh invest
their time use cases Etc so core parts
of what we do uh we host uh events
throughout the year that's been one
thing that has uh been a a huge pickup
this year we want to be right alongside
the ethereum community so you'll see us
out at eth Denver
ethcc uh we had a major event here this
Monday with our EA industry day that
I'll talk about a little more uh token
2049 and off and certainly online and on
uh various digital communities as well
we also have technical specification
groups and interest groups so a key
group that we do have is our defi risk
assessment management and accounting
group that published a set of risk
guidelines for Enterprise this year
that's been looked at not only by
Enterprise but also governments around
the world and we had over 15 uh
Enterprise companies collaborating with
web 3 companies putting that together we
have our cross chain interoperability
group that also issued uh their
specification this year and has had uh
implementation as well among different
use cases in
Enterprise and to get into a little bit
about the renewed momentum that we have
because we started in 2017 but uh just
like a lot of blockchain projects going
through the trajectory of what's moved
from uh different Technologies over the
year we uh certainly had a lot of
interest in private block chains in
2017 now it is a 100% public ethereum
based that is our recommendation and our
strong point of view to the Enterprise
ecosystem is to choose public ethereum
for where you want to build um we had
new leadership coming this year myself
PA Brody from ernston Young that works
very intimately with the ethereum
community on the whole with the uh
Enterprise privacy solutions that ey is
building and at the beginning of the
year we set out to regain this momentum
that we had in 2017 and at the um
conclusion of this year at this event I
think we've largely achieved what we've
set out to do and uh include uh lots of
plans on what to do for the next year as
well so I mentioned some of the things
our groups have done the events we've
participated in and uh the number one
mission that we do have is fostering
this community to improve ethereum
adoption and Industry so why would uh
organizations want to be a part of EA
our membership rate is increasing at a
all-time high at this point we have
super high quality members um not only
uh the likes of Microsoft ey JP Morgan s
Tander on the web two side but we also
have uh Circle carpat Key Gateway uh ens
also joining as well from the web 3 side
if you're a web3 engineering team that
wants to come to Enterprise join us
because we're going to give you the
large Spotlight possible to connect you
with the right people um you'll see the
pictures on the side from our industry
Day event this year um which we
highlighted a lot of web 3 companies
doing work with Enterprise that um is
very significant and throughout a lot of
different brand names and you can see we
brought out 300 people plus to that
event with 75 Plus speakers so it was a
very well attended um heavy content
event that we plan to do more of in the
coming years and we have strongly
articulated points of view we are are
not um coming in with well maybe choose
this ecosystem maybe choose that we are
ethereum based and want to give Clarity
to the Enterprise ecosystem to join us
in doing that so if you want to learn
more uh I have some QR codes up here
about our uh membership and our our
website um and thank you for the time
here thank you very much for your speech
uh we have time for a few
questions raise your hand if you have
any
question I can't see with the
lights one
here catch um thank you hello um working
for Microsoft um just um a question I
have is um what do you think their
intentions are with ethereum we see ey
launching products or trying to build
products in that space what is your take
on
Microsoft uh it's where we want to build
I'll I'll I'll put it that way it's the
strongest ecosystem to align with for
the future of the technology um also
surrounded by the largest ecosystem as
well um so a agnostic of any technology
we want to be aligned in that which is
being the most successful that which is
solving customer problems and aligned
with where the future is so um it and
more prolifically if you look at
Enterprise Cloud environments ethereum
has always been the the basis of which
to build there and that's really
significant there there's not other l1s
that have the oneclick deployment for
Enterprise developers uh to build on and
um thankfully ethereum has that uh we
should have a lot more um the more that
you can meet Enterprises where they
build the the better
thank you uh we have another question
over there yeah I guess it's an
extension of the previous question um
with people like Microsoft and ey
building components in the space um like
Aztec is a privacy preserving layer too
and I know ey is doing privacy things on
Main ethereum um are they sort of on
equal footing or is there some advantage
to say ey being able to incorporate
things a little closer or recommend
things for Enterprise and I guess a
similar follow-up question is uh when
you say ethereum are you talking like
just mainnet ethereum or you talking
ethereum including ler to yeah um so
first tackle the second question here
the ethereum layer 2 ecosystem so we're
not uh directing people to main net
activities but building in in that which
um uh has ethereum as the settlement
layer of the internet uh and then in
terms of your other question on you know
how do we evaluate uh which companies to
go with a good qu uh thought there is we
we want to align with projects that have
sustainability support and a a clear
future road map so um that is something
to think about for Enterprise because
once something gets in production which
not a whole lot of um Enterprise proof
of conet get to at this point there's a
a release team a maintenance team
there's a security team that all have to
be in place to make sure that that
product continues going for Enterprise
um and that's really significant so the
more that
um ethereum based web 3 ecosystem
projects can support that the better
because a lot of times um I would say
you know Tech is is very important The
Innovation behind it Etc but at the end
of the day if you can't support the
longevity of a product in an Enterprise
environment um that's going to be an
Achilles heel
so thank you so we have one last
question over here
sorry um yeah uh I have a controversial
question here um so what Microsoft did
with open AI um taking open source
putting into closed Source um do you
think it will align with the open source
ethos what ethereum is built upon and do
think like they will start acquiring
startups building Cool Tech and making
them U close Source well the way
ethereum in this Community is structured
I don't think we could be successful
even if we wanted to um to to choose an
alternative Direction I think the entire
success of uh what ethereum is built and
cryptocurrency in general is reliant on
a open ecosystem so I I'm really
encouraged by that our open- source
position is uh pretty strong there's uh
certainly different business models that
uh can be successful around that and uh
are Keen to explore that