Discover The Power Of Ethereum With Consensys

Discover The Power Of Ethereum With Consensys

Startups
September 12, 2019 Editor's Desk
161
It was in the year 2014 that Joseph Lubin, one of the eight co-founders of the Ethereum Blockchain realized that in order to make people understand how powerful Ethereum is they need to get a considerable population of developers on board. This led to the establishment of this New-York based startup called ConsenSys. The idea
Consensys Ethereum

It was in the year 2014 that Joseph Lubin, one of the eight co-founders of the Ethereum Blockchain realized that in order to make people understand how powerful Ethereum is they need to get a considerable population of developers on board.

This led to the establishment of this New-York based startup called ConsenSys. The idea was to build, consult for, and launch decentralised applications on the Ethereum Blockchain network

They started off with an incubation lab, a platform for developers to create projects on various solutions from citizen journalism to land registry. The same lab within a couple of years was helping companies with big projects.

Time flew by and by the year 2016, they needed more and more developers considering the high demand which further accelerated the setting up of the Ethereum Blockchain education arm called the ConsenSys Academy. 

Not sooner than later the developers from the academy started their own businesses and this was also the time when ConsenSys formed ConsenSys Ventures in 2017 to complete its ecosystem. 

ConsenSys Ventures is a strategic fund that wants to invest in decentralised technology sector businesses.

Today, ConsenSys is at a whole new level. It sure does provide solutions to Fortune 100 companies but what makes it stand out is the fact that they works with policy makers and governments to deploy the best solutions possible on Ethereum.

They have partnered with Indian government’s think tank Niti Aayog and not only that they have partnerships with governments and organizations abroad like the Singapore government, the European Union, among others.

Today ConsenSys’ acts as an advisor to businesses and institutions helping them with implementation of Ethereum which helps them disrupt old processes. It is the gateway to decentralization which helps provide better transparency and authenticity to the systems. The company then helps inn building from a concept stage to delivery. 

ConsenSys did see a lot of potential here in India. Back in January 2018, Joe the founder and Kavita Gupta the founding managing partner of ConsenSys Ventures were invited for a dialogue by the Andhra Pradesh government. This was when they saw how the people there had some understanding of what blockchain is but there wasn’t an implementation of any sort. 

“We thought the biggest gap was the good old education system. That made us realise we need to start our education programmes here”, Kavita said.

“We will soon be starting the Ethereum developer training programme in India. For the first batch, we sought talent pan-India, and received close to 1,800 applications. Of this, we came up with the first batch of 45 students”, she added.

Thus as they wish to build a strong workforce that helps them achieve their goals they could use these talents who will get to be a part of the sessions taken by some of the best Ethereum experts. 

Blockchain technology is helping them progress to the next generation of the Web that ConsenSys team calls the “Web 3.0”. They are of the opinion that the Web 3.0 will serve as the base for new economic systems that are more open, efficient, and accessible.

Enabling that progress by building platforms, applications, and tools for Web 3.0 is what their current goal is while still continuing to offer services that are useful to the customers. 

ConsenSys has been a home for the world’s leading blockchain experts and they are willing and proud to collaborate with others in the space on open, shared infrastructure.

And though they are in the very early stage of adopting this new wave of technological revolution that will fundamentally disrupt every industry, they are also at the forefront of futuristic change.

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