Ethereum's distinguishing factor was that it could be used to build computer applications that could, for example, automate record-keeping for businesses. Pictured is Joseph Lubin, co-founder of Ethereum.
NEW YORK: Ethereum classic was the result of things going wrong.
In 2014, a network called ethereum was developed as an alternative to bitcoin's blockchain. Ethereum's distinguishing factor was that it could be used to build computer applications that could, for example, automate record-keeping for businesses. Thomson Reuters, the parent company of Reuters News, is part of the Enterprise Ethereum Alliance, a group of companies looking to use the technology to run business applications.
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