Ethereum has made important steps forward in the business world. Numerous applications (dApps) have been created on the Ethereum blockchain for members of the Ethereum Enterprise Alliance (EEA), but there remain some obstacles for new companies that want to use the famous smart contract blockchain.
Ethereum is written in Solidity. Solidity is a programming language created in 2014 by Gavin Wood and a group of core Ethereum developers. It is a simple and efficient programming language, compared to some conventional alternatives, but remains largely unknown among the major programmers in the industry. This represents a significant slowdown for the adoption of a business by Ethereum. How can your company develop smart Ethereum contracts if it does not employ people who can code in Solidity?
"Web3j" is a Java library for the Ethereum blockchain, which allows experienced Java programmers to quickly integrate with the Solidity code base. There are also numerous resources available for developers, plug-ins and clients. While developers without experience in Ethereum will still have a fair learning curve, everyone can benefit from a growing community of expert professionals around the world who now speak fluently in Ethereum through Java.
Why do companies want to use Ethereum's Smart Contracts?
One of the most innovative use cases of Ethereum is the way it can bring automation to existing non-automated systems. Today's businesses have thousands of processes that must occur so that industries around the world can work. Many of these processes are manual, require daily maintenance and supervision. But what if these activities could be detected by computers?
This is the potential that Ethereum offers to companies all over the world. The well understood processes that today are performed by human beings using computers, can often be performed equally well by computers that handle themselves. The Ethereum virtual machine offers incredible capabilities to "eliminate the intermediary", thus creating faster, more efficient and more economical routines.
These processes can be related to supply chain management, corporate governance, identity management, security, resource transfers and much more. We are already accustomed to automation that replaces human labor in manual labor (factory settings, etc.), but these digital tasks are just as suitable for interrupting, accelerating processes and freeing up capital.
This is a very important step for Ethereum if we want to maintain the smart contract platform n. 1 for business development, having lost some market shares for the competition of language-independent competitors such as the NEO blockchain. If Java integration turns out to be a success among conventional business developers, it's only a matter of time before other common languages become acceptable, using the variety of evidence development tools in this Java campaign. It is encouraging to see Ethereum continue to progress, even in this terrible market environment. There may be good reasons to buy Ethereum, even before the bulls come back.