CHAIN-FINANCE is conducting an on-going survey on the use of blockchain or distributed ledger technologies in the financial services industry. The following directory highlights the companies, organizations and projects in the “Blockchain in Finance” ecosystem, the technology they have developed or provided, and the customers or partners that they are currently working with.
Founded: July 2014
Founders: Vitalik Buterin and Gavin Wood
Customers/Partners: rapidly growing ecosystem
Ethereum is a Blockchain 2.0 platform that permits smart contracts and distributed application to be created and executed without any possibility of downtime, censorship, fraud or third party interference. Ethereum utitlizes a Turing complete programming language and a decentralized virtual machine that executes peer-to-peer contracts with a digital asset called Ether. While Ether is initially mined by proof-of-work protocol, Ethereum will move to a proof-of-stake system called Casper.
Originally authored by Vitalik Buterin and Gavin Wood in 2013, the initial crowdsale of Ether tokens brought in more than 31,000 bitcoins, approximately US$18.5 million at the time. After the Ethereum blockchain went live in July 2015, there has been an explosion of interest in Ethereum as a platform for decentralized applications and smart contracts.
The Ethereum project is driven by a Canadian non-profit foundation, the Ethereum Foundation, and a Swiss company, Ethereum Switzerland GmbH.
Articles concerning Ethereum: