The ConsenSys 2019 Year in Review
A year of enterprise exploration, increased composability, and ethically growing open source.
Every year in blockchain brings a quantum leap of activity and adoption — it’s sometimes hard to see all the growth amidst the chaos. The Ethereum ecosystem has been experiencing network effects as development on the Ethereum 2.0 and Web3 stack infrastructure stands up. Meanwhile, leading enterprises around the world are moving stridently on towards implementing blockchain solutions. On the retail level, decentralized finance has established itself at the forefront of digital assets. Directly in the middle of the action, ConsenSys has led the blockchain industry with infrastructure, product development, and community building.
2019 witnessed the integration of separate Ethereum stack components, and increased composability. OpenLaw integrated MakerDAO’s DAI stablecoin to settle real-world transactions, Alethio and TruSet teamed up to provide trusted, and accurate business-relevant data to API users, and a record number of DeFi projects built their protocols atop of Ethereum. 2019 was a year of continued Ethereum support, as ConsenSys Grants injected $420,000 into 20 initiatives to build Ethereum solutions. Gitcoin released Gitcoin Quests, providing a fun way to introduce Web2 devs to Web3.
This year, various enterprises found fitting use cases for blockchain technology; the luxury industry turned to blockchain to address the growing customer desire for sustainability. In May, LVMH partnered with ConsenSys to develop a platform that authenticates luxury goods. ING executed its first commodity trade transaction on komgo. The Global Legal Entity Identifier Foundation (GLEIF) leveraged uPort to issue digital credentials to enterprises and executives.
2019 was a year of enterprise exploration, increased composability, and ethically growing open source. This post takes you on a year-long journey of ConsenSys’ 2019.
Read the ConsenSys 2019 Annual Report at the new ConsenSys.net Blog.
Disclaimer: The views expressed by the author above do not necessarily represent the views of Consensys AG. ConsenSys is a decentralized community with ConsenSys Media being a platform for members to freely express their diverse ideas and perspectives. To learn more about ConsenSys and Ethereum, please visit our website.
Originally published at https://consensys.net.
