18 July 2020
In discussing the origins of Ethereum, there is a belief that it was created solely by Vitalik Buterin. However, Ethereum would not have a market cap of $43 billion by November 2020 if it were not for the strategy and business vision of Joseph Lubin.
Joseph Lubin: Co-Founder of Ethereum & Founder of ConsenSys
Joseph Lubin is a former Wall Street technologist, and music management executive turned one of the most influential people in the blockchain space. Having held the role of Chief Operating Officer at Ethereum, which inevitably help transform the vision of its blockchain into a reality, he subsequently moved on to created ConsenSys.
ConsenSys: The Company
ConsenSys is a blockchain company that develops decentralized applications and infrastructure for the Ethereum network, invests in startups, builds developer tools, and offer blockchain education.
The company is a collection of entrepreneurs and some of the brightest minds in the crypto space. They aim to bring about a more decentralized world. ConsenSys uses several different approaches to build the infrastructure of Decentralized applications (DApps).
1. ConsenSys Lab
ConsenSys Lab is an incubator and venture studio designed to help entrepreneurs and developers grow their blockchain-based projects. Capital, mentorship, and access are provided for the growth of companies.
2. ConsenSys Academy
ConsenSys Academy is an online end-to-end developer course. It is the perfect place to start when looking to start coding on the blockchain. There, you can learn more about the whole Ethereum world and cryptocurrency.
Furthermore, ConsenSys Academy provides tools and resources required to become and succeed in the development of decentralized applications. In fact, they provide a route for those interested in developing DApps but lack the necessary technical skills by creating a certification program in Ethereum.
3. ConsenSys Solutions
ConsenSys Solutions works with businesses and large companies to build, test, and deploy their blockchain-based solutions.
4. ConsenSys Diligence:
ConsenSys Diligence is the defense arm of ConsenSys. It offers smart contract audits and Ethereum security. It protects the Ethereum ecosystem through security, legal and technical guidance.
5. Ethereal Summit
ConsenSys organizes a global conference series, Ethereal Summit. Here they reunite groups of technologists, entrepreneurs, investors, startups, and artists. This way, they engage with the latest developments in Ethereum, blockchain, and decentralization.
Who Are Consensys’ Enterprise Partners?
ConsenSys has partnered with leading organizations across numerous industries to create decentralized applications to address business needs and opportunities, such as:
In 2015, Microsoft decided to partner with ConsenSys in the development of dApps. This was done for its new programming platform, Microsoft Visual Studio. They created an extension together to allow for the use of Smart Contracts on their platform.
By 2018, news was out that Amazon’s cloud computing arm would be teaming up with ConsenSys’ blockchain startup Kaleido to develop simplified cloud platforms for Amazon’s clients.
Other companies ConsenSys has partnered with include Adhara, Atato, Andes Blockchain, Blockchain Australia, Blockchain Secure, Emergent, Envision Blockchain, Hitachi, and many more. The companies are a lot and come from all corners of the globe.
ConsenSys Lab Projects
Identity theft is a big problem. Worse, it is becoming quite common. In 2016 more than $16 billion was lost to fraud and identity theft. 2018 saw over 60 million Americans affected by identity theft. Besides its financial effect, identity theft can easily affect the victim emotionally.
uPort comes in to help with security and privacy issues of one’s identity. uPort provides a way of registering identity on the Ethereum blockchain. By using smart contracts, uPort can keep an accurate record of your identity.
DApps have been around for a while. However, as popular as they have become, many people still find them hard to use. MetaMask aims to change this notion of DApps. It aims to bring more people to the crypto space by simplifying the once thought complicated DApps.
MetaMask is a browser plugin that serves as an Ethereum wallet. It can be installed like any regular plugin on internet browsers like Chrome, Firefox, Opera, and the Brave Browser. Once installed, you can use it store and spend Ether and other ERC-20 tokens. MetaMask makes sending cryptocurrencies as easy as sending an email, at most requiring a couple of clicks.
Gnosis is a prediction market built on the Ethereum network as a decentralized application (DApp). Gnosis aims to build a reliable forecasting tool that could have applications for decision-makers in finance, government, insurance, among other actors.
Many companies have jumped aboard ConsenSys’ vision. Currently, the company works with more than 500 companies across the globe. Some notable companies that work with ConsenSys include the Monetary Authority of Singapore, The EU Blockchain Observatory, and Switzerland’s Zug ID.
ConsenSys’ primary vision is to create a platform for every single person. Through their education efforts, including blockchain technology and Ethereum, they are spawning waves of new developers while promoting the overall adoption of cryptocurrencies by the general public.