Ethereum Economic Zone Paves Way for Regulated Firms
Gnosis Co-Founder Dr. Friederike Ernst discusses the Ethereum Economic Zone (EEZ) and its potential benefits for regulated financial firms.
In August, GnosisDAO approved a plan to turn Gnosis Chain from a standalone Layer 1 blockchain into a zero-knowledge proof rollup that settles to Ethereum every block, marking the first instance of the EEZ framework. Dr. Ernst explained that this decision fixes what developers integrating with Gnosis need to integrate against, and that the model is now settled.
The next steps involve refining the zero-knowledge proving system for production, completing the integration, and landing shared Ethereum infrastructure on schedule. Gnosis aims to target the end of 2026 or the beginning of 2027 for genesis, conditional on shared Ethereum dependencies landing.
Dr. Ernst emphasized that regulated firms stand to gain the most from this development, citing benefits such as reduced costs from buying products from multiple vendors and increased revenue from offering savings, lending, and tokenized equities under their own brand.