Perhaps no one is more involved in turning Ethereum into a new way of doing business than Joe Lubin, an Ethereum cofounder along with Vitalik Buterin and others, and the founder of ConsenSys, a company that largely consists of interconnected startups building every aspect of what they call the Global Computer. After skyrocketing to a leadership position in 2015 in the blockchain world, thanks to the founding of ConsenSys and his willingness to see potential in far-fetched ideas, Lubin and his amorphously-governed company suffered a setback at the end of 2018 when he had to lay off more than 10% of his staff thanks in part to longer than expected time to build the technology, and slower than expected adoption.
Now Lubin says ConsenSys has returned to a state of equilibrium and is slowly starting to hire again. In a rare in-depth interview with Forbes Crypto & Blockchain Advisor, Lubin waxed poetic about his willingness to work with the Chinese government to teach them the benefits of a public blockchain, shared his thoughts on Facebook’s Libra, chatted about blockchain consortium Hyperledger’s largest project to date, and meticulously laid out his master plan for the next phase of Ethereum, which he and others working on the open-source project have dubbed Ethereum 2.0. Lubin’s work could end up laying the foundation for a new world order or prove to be a pipe dream.
Excerpted from Forbes CryptoAsset & Blockchain Advisor.
Forbes: How much of your work is focused on enterprises?
Joe Lubin: ConsenSys or my personal work? Well, my personal work is ConsenSys, so ConsenSys itself is probably 65% focused on public mainnet. But almost everything we do is applicable in private permission context. We really see the distinction falling away increasingly over time. We’ve been saying that for a long time, so that’s been the vision.
I spend a lot of time on the enterprise side in dif...