The distributed ledger technology (DLT), simply known as blockchain, is among the most intriguing technologies in recent times.While Bitcoin introduced the blockchain technology to the world, Ethereum that has been revolutionizing its enterprise use.Here we try to understand the amalgamation of the two—Enterprises and Ethereum.In 2014, Vitalik Buterin introduced Ethereum to the world as a decentralized platform that runs SmartContracts and Decentralized Applications, but without downtime, censorship, fraud, or third-party interference.The platform employs Ethereum Virtual Machine and the Solidity programming language, which enable secure and efficient transactions.Over the years, Ethereum has garnered admiration and evoked immense interest across enterprises.Accenture observes, “Every self-respecting innovation lab is running and experimenting with Ethereum, including IBM, Microsoft, JP Morgan, and the R3 consortium.”Ethereum is supported by Microsoft Azure and Alibaba Cloud to encourage innovation and adoption of the technology.

However, the efforts remained scattered until the formation of the Ethereum Enterprise Alliance (EEA) in 2017.The EEA brings together enterprises, startups, academics, technology vendors, and experts to work on Ethereum as an enterprise-grade technology.Its founding members include names like Microsoft, Credit Suisse, Intel, JP Morgan, UBS, Santander, ING, CME Group, BNY Mellon, Accenture, and Wipro.Some of these names (such as Microsoft, JP Morgan, and Santander) have been actively involved in exploring the blockchain technology in the recent years, while others are looking at becoming a part of the revolution that’s underway.Microsoft believes that Ethereum is “evolving to address the needs of enterprises globally.Focusing on requirements like privacy, permissions and a pluggable architecture while retaining its public roots, Ethereum continues to widen the scope of what developers, businesses and consortiums can achieve.”During Consensus 2017, Ethereum Enterprise Alliance added another 86 members—taking the total count to 116.

EEA now represents well-known names from across different regions and industries, such as Mitsubishi UFJ, DTCC, Deloitte, Samsung SDS, Infosys, Toyota Research Institute, National Bank of Canada and Merck KGaA, among others.In terms of specific use-cases, Toyota believes that the blockchain can help accelerate the development of autonomous driving, and even lower costs to customers.Meanwhile, Merck, the oldest chemical and pharmaceutical company in the world, is looking to equip itself for the future digital markets in health care and life sciences.Infosys finds “Ethereum to have an extremely promising architecture for smart contracts, scalability, and network security.” Deloitte’s Eric Piscini said, “We have been investing on the Ethereum platform for a while.We are excited to actively contribute to the Enterprise Ethereum Alliance and drive blockchain adoption globally.”Overall, the Ethereum blockchain technology has the potential to increase transparency in supply chains, improve banking trade settlement latency and create peer-to-peer markets without centralized intermediation.Ethereum has seen a phenomenal surge in its price since the beginning of 2017, rising more than 2400% from about $8 to around $200 (at the time of publishing) taking its market capitalization to beyond $18 billion.“The Ethereum Enterprise Alliance is just the beginning.

The world has woken up to the reality of crypto and its place in modern society.Bitcoin is finite, its ultimate allure.Ethereum is practical and efficient.Just wait and see what comes next,” said Chris Kline, COO, Bitcoin IRA.The firm launched the first self-directed Ethereum IRA in April 2017 and has already collected $3.3 million since then.Hundreds of projects are being built on Ethereum across diverse sectors of the economy.circle bitcoin irelandWith highly reputed names becoming a part of the Ethereum alliance, the credibility of the platform is only bound to rise.ethereum drugWith its focus on security, privacy, scalability and interoperability, the alliance has embarked on a journey with multiple obstacles and challenges lying ahead.bitcoin value euro graphBut like the saying goes, “the only impossible journey is the one you never begin.” This one has just begun.ebook bitcoin gratis

When we first heard Vitalik Buterin was learning Chinese, it was a clue to his ambitions in China.Less than two years later, the platform he co-founded is now a growing force in the Middle Kingdom.Since he joined the ChinaLedger Alliance (May 2016) and announced the expansion of BlockApps, an Ethereum building-blocks platform, in China (September 2016), there has been a movement in cities and among companies in big industries all throughout China.bitcoin 1000 gh/sThis is in some part due to the efforts of Wanxiang Blockchain Labs, which has made it their mission in China to bring Ethereum to the mainstream, and also in part to the savvy and persistent efforts of Buterin himself.bitcoin hmrcAt a recent Ethereum meetup in Hong Kong, Buterin said that "Wanxiang Blockchain Labs are making good inroads into China."Headquartered in Hangzhou, Wanxiang has led the Ethereum charge in China for more than a year.

Having partnered with Ethereum early on for the Global Blockchain Summit following Devcon2 in Shanghai in July of 2016, Wanxiang is now China's top funder of promising blockchain projects.With its BlockGrantX sponsorship program, it has allocated funds to Ethereum startups including iEx.ec (for fully distributed cloud computing), Proof-of-Identity (for KYC, wallets, multisig, voting, authentication and reputation systems), Golem (P2P computation), Casper (a proof-of-stake consensus protocol), the Raiden Network (an Ethereum off-chain state network) and Micro Oracles (blockchain identity verification).And this month, Wanxiang launched its WanCloud platform for Chinese developers, giving them access to tools for building applications on open-source blockchains.Since the recent Global Blockchain Financial Summit in Hangzhou, China's rapid technological developments on the Ethereum platform has been garnering attention.One blog post in particular, from ConsenSys's Head of Global Business Development Andrew Keys, gave some insight into the rapid rate of Chinese adoption.

and Meituan utilizing Ethereum technology for aggregated payments services Establishment of the Jiangsu Huaxin BIockchain Research Institute (JBI) in Nanjing, which Keys writes "will be a powerhouse in the Ethereum ecosystem and will become a beachhead for corporations outside of China."Experimenting with Ethereum technology by Ant Financial, Alibaba's $60 billion financial arm, to improve their global payment platforms In Hong Kong, there has also been a surge of new interest in Ethereum.Jehan Chu is the founder of the Ethereum meetup there and a partner at Jen Advisors, a Hong Kong-based early-stage blockchain VC firm.Though the technology is still very young, Chu has seen a huge uptick in activity."Ethereum in Southern China has been on a rampage of growth," Chu told Bitcoin Magazine, "with the local HK meetup growing by 50 percent to nearly 800 members in the last six months, and ether trade skyrocketing.Banks, corporates and even casual investors have all heard about Ethereum's white-hot growth and mounting challenge to Bitcoin dominance.

More importantly, Ethereum startups worldwide from Status.im and Ox to Golem and MakerDao have made HK's environment of high-level industry professionals a can't-miss stop on their Asia business development and capital raising tours."Recently the Enterprise Ethereum Alliance ( EEA ), connecting Fortune 500 enterprises, startups, academics and technology vendors with Ethereum, announced its expansion into China with a new office in Hangzhou.At the Global Blockchain Financial Summit in Hangzhou, EEA China said that its main objectives are to "explore and develop new standards and technologies using blockchains, so that Chinese enterprises can more easily meet domestic market needs."Founding members of the EEA include JP Morgan, Banco Santander, CME Group, Microsoft, Intel, Accenture and blockchain startup ConsenSys.Over the past week, the price of ether has surged from $85 on May 17 to a high of around $211 on Coinbase on May 25.While many credit this rise to the announcements of the EEA, it is also notable that ETH trading was added to some of China's digital asset exchanges.