Enterprise Ethereum Alliance (EEA) is expanding Overview Enterprise Ethereum Alliance (EEA) was formally announced on Feb 28, 2017.EEA is the world’s most advanced enterprise and startup blockchain innovators that came together to build, promote, and broadly support Ethereum-based technology best practices, standards, and a reference architecture, EntEth 1.0.It enables to serve as an enterprise-grade technology, with research and development focused on privacy, confidentiality, scalability, and security.EEA also investigates hybrid architectures that span both permissioned and public Ethereum networks.In the following weeks of the alliance announcement, EEA received hundreds of applications for membership from enterprises, startups, and academic groups, and offers of support from the growing community of Ethereum specialists and experts.As a result, the Alliance will soon welcome a new cohort of members.The Consensus 2017 hackathon is planned on May 20th to 21st to drive work on Ethereum.

Further, a two-hour afternoon event is planned that will include presentations, panels, and a demo on May 22nd at Consensus in New York.In June, EEA may form further working groups that include pharmaceuticals, mobile, and energy.EntETH1.0 An official Technical Steering Board is annnounced, whose members have already made important strides building EntETH1.0, the protocol that is the basis for the Alliance’s ongoing work.The EntETH1.0 reference architecture seeks to accomplish three key objectives: Configurable Consensus: the ability to swap consensus mechanisms depending on the type of environment one wants to create Privacy: the ability to have only the desired counterparties (and regulator, if necessary) able to see a transaction Rules Based Access Control: the ability to have role assignment, role authorization, and permission authorization The protocol is the result of collaboration between experts from member organizations.Work on the protocol is being led by these Technical Steering Board members: • Banco Santander – John Whelan • BlockApps – Kieren Lubin-James • BNY Mellon – Alex Batlin (chair) • CME Group – Jonathan Morley • ConsenSys – Bob Summerwill • Cryptape – Jan Xie • IC3 – Andrew Miller • Intel – Sanjay Bakshi • J.P.

Morgan – Tyrone Lobban • Microsoft – Marley Grey • Nuco – Jinius Tu • Advisor – Jeff Wilcke • Advisor – Vitalik Buterin Founder Members Accenture, Banco Santander, BlockApps, BNY Mellon, CME Group, ConsenSys, IC3, Intel, J.P.Morgan, Microsoft, and Nuco are the founding members of the Enterprise Ethereum Alliance rotating board.bitcoin calculator with difficultyAdditional 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, and VidRoll, among others.bitcoin confirmed rewardWipro also announced joining Enterprise Ethereum Alliance (EEA) as Founding Member to Develop Enterprise-Grade Blockchain Solutions on May 4, 2017.black lotus bitcoin

“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,” said Jeremy Millar, founding board member of EEA.) and EtherWorld (Facebook).#Cryptonews #blockchain #EEA #Ethereum #EtherWorldCorporate support for the Enterprise Ethereum Alliance (EEA) is growing after 86 firms including State Street, Toyota, Merck, ING, Broadridge and Rabobank joined the collective that is seeking to use blockchain technology to run smart contracts at Fortune 500 companies.Ethereum is an open-source, public, blockchain that anyone can use as a decentralized ledger.It has its own cryptocurrency called ether on the front-end, which is similar to Bitcoin, but the underlying Ethereum network is what is attracting companies' interest.

While the original Bitcoin blockchain has tended to be used for consumer payment transactions, the adoption of Ethereum blockchain technology by the corporate world means it could eventually be bigger than its early stage rival.Ethereum technology is specifically intended to support smart contract applications that can automate complex physical and financial supply chain procedures and compliance processes involving multiple parties.It has numerous potential internal end uses such as reconciliation.A smart contract on the Ethereum network is merely a way for people to make agreements and automate enforcement, all on a distributed network of computers.The contract is essentially an operating procedure that aids efficient management.John Hancock Financial, for example, is experimenting with a tailored version of Ethereum to keep track of compliance with know your customer (KYC) and anti-money laundering (AML) regulations in its wealth management unit.Meanwhile, European aircraft maker Airbus is testing to see if its supply chain management can be shifted to a blockchain that relies on Ethereum.

JPMorgan Chase, Microsoft, IBM, CME Group, BNY Mellon and other large multinationals are already EEA members, having joined when it was established in February 2017.In a statement, Julio Faura, chairman of the EEA and head of blockchain innovation at Banco Santander, said, "the enthusiasm around EEA is remarkable".He added: "Our new members come from varying industries such as pharma, mobile, banking, automotive, management consulting, and hardware."The EEA is not alone in seeking to create standards for blockchain systems.Rivals include the R3 consortium, Digital Asset Holdings and the Hyperledger Project.The latter is being used by the SWIFT global payment and securities messaging network for the third stage of its global payments innovation (gpi) project which seeks to make international payments as fast and easy to track as logistics deliveries.It is in the early stages of a distributed ledger technology (DLT), aka blockchain, proof of concept (PoC) that is not expected to come to fruition for many years yet.

In the meantime, Ripple has its own rival protocol for correspondent banks using Interledger that it hopes to attract volume to before SWIFT's PoC gains traction.As with any new technology a number of caveats apply to blockchain technology, principally that it is yet to be proven by anything other than small scale or pilot applications to date.Regulators will also need convincing that the networks are safe.Convincing competitors to work together in a network that shares market information may also prove difficult.For instance, Goldman Sachs and Morgan Stanley left the R3 consortium last year to pursue their own blockchain projects and alternative collaborations, potentially harming its prospects of producing useful real-world applications of the still experimental blockchain technology.If a chain or end use application offers a massive competitive advantage then certain groups may seek to hive off their own separate 'chains' to which they will control access, which is another destabilizing factor.