HomeNewsCrypto Ethereum Price Thrives as Speculators Bank Big On Chinese Investors Fueling ETH Demand Crypto, NewsBangalore, India - May 4, 2017: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company has joined the Enterprise Ethereum Alliance (EEA) as a founding member.EEA is a collaboration of enterprises to promote, develop and implement enterprise grade Ethereum-based blockchain applications across industries for specific business use cases.Ethereum is an open-source, blockchain-based distributed computing platform, featuring smart contract functionality.The EEA seeks to augment Ethereum adoption as an enterprise-grade technology, with research and development focused on privacy, confidentiality, scalability and security.Wipro has been actively working on Ethereum to develop enterprise blockchain-based industry solutions and assets on a number of industry use cases.These solutions include Delivery versus Payments (DvP) settlement for securities and capital markets, skip-trace consortia for banking, peer-to-peer (P2P) insurance for the sharing economy, anti-counterfeit solution for supply chain traceability and many more.

Jeremy Millar, founder of Enterprise Ethereum said, "The EEA benefits from a diverse, yet enterprise-focused membership base.Wipro brings a global perspective on IT strategy and operations to this alliance.We are very pleased to have Wipro as a member as we launch the Enterprise Ethereum Alliance."“We are excited to be a part of the founding team of the Enterprise Ethereum Alliance and contribute towards key aspects such as security, privacy and scalability as they will be the key determinants in accelerating blockchain adoption within enterprises.Enterprise Ethereum is a great way to fast-track enterprise adoption and Ethereum is one of the fastest growing technology platforms used by our clients for developing and deploying enterprise blockchain,” said Krishnakumar N Menon, Vice President, Service Transformation, Wipro Limited.“Enterprise Ethereum Alliance also fosters collaboration within the emerging community of blockchain developers.We look forward to working actively with the members of this alliance to shape the blockchain adoption by enterprises.” “It’s great to have Wipro as a founding member of the Enterprise Ethereum Alliance.

Having organizations like Wipro driving purpose-built solutions and accelerating innovation for businesses, adds significant credibility to the Enterprise Ethereum ecosystem,” said Marley Gray, Principal Blockchain Architect, Microsoft.Wipro’s Blockchain Innovation Lab, which is part of its Blockchain COE (Center of Excellence), fast tracks the provisioning of blockchain environments to build use-case specific blockchain industry solutions.The COE focus is to enable client businesses innovate and to stay in tune with the emerging technology trends in blockchain by conducting proof of technology experiments around areas like scalability, performance and security of blockchain platforms.To enable enterprise level talent development on blockchain technologies like Enterprise Ethereum, Wipro has also created a Blockchain Academy to build in-house competency through a multi-level program.To know more about blockchain at Wipro, click here About Wipro Limited.Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better.

Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of “Business through Technology.” By combining digital strategy, customer centric design, advanced analytics and product engineering approach, Wipro helps its clients create successful and adaptive businesses.A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, Wipro has a dedicated workforce of over 170,000, serving clients across 6 continents.ethereum dev tutorialMedia Contact: Prathibha Das Wipro Limited Forward-looking and Cautionary Statements Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements.litecoin features

The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry.pawncoin bitcoin

Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission.These filings are available at www.sec.gov.We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders.We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.cek bitcoinThe newly formed Enterprise Ethereum Alliance (EEA) has published a Vision Paper outlining “a vision for users and stakeholders to propose, implement, and integrate advances to the Ethereum protocol with support for Enterprise Ethereum protocols.” In this paper, the EEA discusses many topics related to Pluggable Consensus, governance, interoperability, Ethereum protocol updates, secure code execution, storage and performance optimization.bitcoin not yet redeemed

This Vision Paper was released in conjunction with the Enterprise Ethereum Alliance launch event which formalized 30 organizations coming together to focus on enterprise use cases of Ethereum.The alliance includes large established organizations like Microsoft, J.P.Morgan, Intel, Thomson Reuters and blockchain startups like BlockApps, String Labs and ConsenSys.In the short term, the EEA has identified five goals for 2017, including: Consensus is the act of nodes, within a blockchain, agreeing on the state of transactions and is predicated upon an algorithm that participating nodes agree.bitcoin mining rig coolingSince current Ethereum implementations are not modular, when organizations need to add additional features to consensus algorithms, for example privacy, they may end up forking the Ethereum implementation.mh/s in bitcoinThe problem with forking is that these investments are now difficult to share and create fragmentation.bitcoin sekarang

In order to address interoperability needs, the EEA is looking to provide modular based consensus algorithms.The EEA Vision Paper describes why Pluggable Consensus is important: A common, modularized implementation will provide a code base for developing the Enterprise Ethereum specification and also experimenting with consortia consensus algorithms.Pluggable consensus needs a modularized client with a clean interface for networking and between the Ethereum Virtual Machine and the consensus algorithm - it is really these interfaces that make the consensus layer pluggable.ethereum universityOne consideration the EEA is allowing for, with a modular approach, is they are: not being prescriptive as to the specifics of the algorithm, but rather should enable various algorithms to be used dependent on the use case.Version 1 Enterprise Ethereum Specification A goal of the EEA is not solely to develop an implementation, but rather to publish a specification in an attempt to: accelerate ecosystem development by increasing the availability of APIs for integration with development, devops and management tools as well as legacy system integration.

By providing a specification, vendors can provide their own implementations, but because there are interoperability points, through interfaces, organizations can focus on their specific requirements.Compatibility and interoperability is not only a goal with Enterprise Ethereum, but also with public Ethereum.The alliance is currently targeting being a US-based not-for-profit foundation.The alliance is looking for a lead executive and volunteer Chair, in addition to an Executive Director, to take on the day-to-day management functions.The EEA has stated its core will be based upon members and member participation with special interest groups focused on writing prototypes, architectures, roadmaps and industry groups.These interest groups will be grounded in four guiding principles: While cross blockchain protocol interoperability may take some time to be realized, the EEA is building a set of requirements focused on interoperability including: In order to achieve interoperability, the EEA is designing using: abstraction and modularity, with clear interfaces and APIs.

The EEA also anticipates that interfaces will be difficult to change once published, and as a result sees this interoperability work to be: critical, even at these early stages.The current Ethereum protocol is dependent upon a node choosing the next block for the longest-chain based upon a Proof of Work (PoW) algorithm which is computationally expensive.The downside to this approach is that there is a limitation of a blockchain being able to commit a new block around every 10 seconds.As Ethereum make more inroads into the enterprise, the ability to scale services to millions of users creates challenges for the existing protocol.The EEA is looking for alternatives to PoW that improve scalability and reduce computational costs.There are many approaches being evaluated which may form the future of Ethereum block consensus protocols, including: Other opportunities exist in the network protocol layer of Ethereum where “atomic broadcasts of a total order of state sequences amongst a network of nodes that may experience byzantine failures” are required.

There are several proposals of network consensus protocols for Ethereum being considered, including: There are also some approaches that combine both block and network consensus protocols, including: In addition to changes to block and network consensus protocols, other scalability approaches like sharding, parallelization and state channels are also being explored.Enterprise Ethereum brings organizations together through Distributed Ledger Technology (DLT).One emerging challenge is in the area of governance.For example, what happens when a shared program, or contract, needs to be versioned and updated?The EEA is looking to: explore the development of contract interfaces and classes for shared administration, in addition to design patterns applicable to the updating of operational code on already deployed systems.Trusted Computing and Oracles/Data Feeds There are a few different approaches to secure trusted code that needs to be executed.One such way is through the use of mainstream hardware.

An example of this is “Intel SGX which provides enclaves, memory-encrypted on-silicon circuits which can only run signed, attested code, in a way such that other processes cannot access it.” Another way to approach this problem is to leverage services like Microsoft Azure’s Cryptlets which is part of its Project Bletchley initiative and focuses on providing secure blockchain middleware services.Secure locations to run trusted code is important when trying to include data feeds into distributed applications, or smart contracts.The Ethereum Enterprise initiative is trying to address secure code execution by: focusing on protocol level implementations at the onset, with time, efforts to establish meaningful design patterns around oracle data (and perhaps more importantly, how to apply penalties for bad actors publishing malicious data) are expected to emerge from members of the Foundation.Many decentralized applications have requirements to store data such as documents and media.