Enterprise Ethereum Alliance launches all-star blockchain consortium

Ethereum Alliance
Enterprise Ethereum Alliance has officially launched

Enterprise Ethereum Alliance has launched featuring some of the world’s largest corporations

Enterprise Ethereum Alliance has officially launched. The newly formed enterprise consortium includes some of the world’s most well known companies. Founding members include Microsoft, JP Morgan, Nuco, Accenture, Intel, BNY Mellon, Banco Santander, CME Group, BlockApps, ConsenSys and IC3.

Additional founding members include AMIS, Andui, BBVA, brainbot technologies, BP, Chronicled, Credit Suisse, Cryptape, Fubon Financial, ING, The Institutes, Monax, String Labs, Telindus, Tendermint, Thomson Reuters, UBS, VidRoll, and Wipro, among others.

According to a press release, the Enterprise Ethereum Alliance seeks to augment Ethereum, enabling it to serve as an enterprise-grade technology, with research and development focused on privacy, confidentiality, scalability, and security. The alliance will investigate hybrid architectures that span both permissioned and public Ethereum networks and collectively develop industry standards as well as facilitate open source collaboration with its members.

According to Jeremy Millar, founding board member of the Alliance, “Ethereum is already one of, if not the, most widely used technologies for developing and deploying enterprise blockchains. Enterprises love the availability of open-source implementations, a single standard, the rapidly growing developer ecosystem, and availability of talent. But enterprises expect resilient secure systems and a robust controls environment. EEA aims to bring these together, both to provide enterprises the forum they need and also to advance Ethereum generally.”

While the formation of Enterprise Ethereum Alliance has been met with excitement, some in the cryptocurrency and Ethereum community believe that the consortium represents a sell out to the banking and financial industry.

Vitalik Buterin, inventor of Ethereum, who will be heavily involved in the consortium, stated, “The Enterprise Ethereum Alliance project can play an important role in standardizing approaches for privacy, permissioning and providing alternative consensus algorithms to improve its usability in enterprise settings, and the resources the project and its members are contributing should accelerate the advancement of the Ethereum ecosystem generally.”

“I look forward to continuing to work with everyone involved,” he continued.

More Here [marketwired]


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