Ethereum is a trust layer for the internet that flips this model on its head: the inner workings of organizations are fully transparent, accountable and auditable, but our communications are encrypted peer to peer.
How will the internet work in the future? It will use Ethereum.
Ethereum is an alternative infrastructure which allows us to regain control over the management of our own funds and personal data. It’s also new a new kind of network – one where participation is optional and where users only pay for what they use.
In short, Ethereum is a network that provides the toolset for a sharing economy with no middleman. A network that allows for the existence of applications you do not have to trust, because they provably do what they are programmed to. A network where universal services such as insurance, identity, reputation and marketplaces of all kinds are owned by everyone, therefore owned by no one.
Reinventing e-commerce with the world’s first zero infrastructure platform
Applications built on Ethereum run exactly as programmed without any possibility of downtime, censorship, or third party interference.
Ethereum is the secure backbone for everything from e-commerce to the Internet of Things, enabling transparent governance for communities and businesses while keeping user communications secure.
Ethereum also handles user authentication and secure payments, as well as messaging, and even decentralized storage. And there’s no need to sign up or pay for servers to host applications as Ethereum is the world’s first zero infrastructure platform, allowing your users to regain control over the management of their own funds and personal data.
Using the Ethereum decentralized cloud, developers achieve an incredible boost in efficiency as well as substantial cost savings in writing new applications while reimagining business processes and creating opportunities. How? Ethereum enables the unbundling of application logic so that a business can focus on its core software intellectual property. By building this new form of distributed application on the Ethereum network, the resulting software is automatically augmented with transactional security, contractual logic, ownership validation and end-to-end relationship management functionality.
This can fuel the creation of P2P (peer-to-peer) or decentralized applications allowing virtual communities to create secure, auditable and hack-proof E-Commerce services and applications. And it comes with a complete suite of tools for building applications.
Numerous companies already employ the Ethereum network, including ADEPT – a joint Internet of Things project from IBM and Samsung.