Share with:JPMorgan Chase & Co., Microsoft Corp., Intel Corp., Accenture PLC and a large consortium of major players in tech and bankding have joined hands to establish the Enterprise Ethereum Alliance, a new group  dedicated to developing Ethereum into an enterprise-grade Blockchain platform.Backed by more than 30 firms, including Credit Suisse, UBS, Bank of New York Mellon and Thomson Reuters, the alliance connects Fortune 500 enterprises, startups, academics and technology suppliers with Ethereum subject matter experts to learn from and build upon Ethereum and to define standards for enterprise-grade implementations.According to Coindesk, the alliance has the support of founder Ethereum Jeremy Miller, who said that it would work in giving both large corporations and small startups alike a stronger sense of accountability for their investment in the technology.“The goal of the Enterprise Ethereum Alliance is to align the various interest groups, the users, the startups, the large technology platforms, to a single roadmap so that we can take those steps together,” Miller is quoted as saying.VentureBeat notes, what this means is that instead of transactions being managed by a central database, copies of the cryptographic balance book are spread across the network and automatically updated as any payment takes place, abolishing the need for a middleman.“This body is going to work on standardizing the technology for enterprise settings, and that will only help the public Ethereum main net,” Andrew Keys, head of global business development at ConsenSys, one of the founding members, told Bitcoin Magazine.The EEA is not the first alliance in the Blockchain and Ethereum space.

It will compete in part with the bank-backed R3 consortium, which is building distributing ledger technology, and the IBM Corp.- and Linux Foundation-backed Hyperledger Project.Keys revealed the launch of the EEA at the Distributed: Markets conference in Atlanta, Georgia.“Enterprises are already deploying Ethereum networks.They’re taking the open-source version of the protocol that’s used for the permissionless next-generation of the internet,” Keys told Bitcoin Magazine.“But there’s a difference between the permissionless next-generation of the internet, and permissioned private networks.Our position is that these enterprises shouldn’t be playing at the protocol level.They should be building applications on top.And all of this needs to be standardized.”This standardization process will now be led by the EEA, which consists of 30 members at launch.It has a rotating board that includes Accenture, Banco Santander, BlockApps, BNY Mellon, CME Group, ConsenSys, IC3, Intel, J.P.

Morgan, Microsoft and Nuco.The additional founding members are 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.“Like many financial institutions, Santander has been actively exploring the use of distributed ledger technology and Ethereum has been one of the platforms-of-choice on which to build proof-of-concepts and prototypes.” said Julio Faura, Head of Research & Development for Innovation at Banco Santander.preço bitcoin hoje“With its large developer community, 1.5 years of testing in a public environment, and multiple implementations, Santander is enthusiastic in its support of the goals of the Enterprise Ethereum Alliance and its goal of developing a single set of standards for using Ethereum in an enterprise setting.” About the Author Latest ArticlesA2B Direct to Launch a Blockchain Platform and Hold an ICO The ‘under the radar’ ICO, Populous.bitcoin faucet strategy

A platform tackling the Multi-Trillion Dollar international billings industry.Blockchain Startup TrueFlip Reinvents Business with 600 Year Long History of Fails EXMO exchange lists WAVES Blockchain Project Blockchain Startup DECENT Launch Date Announced Adex, A Decentralized Ad Network, Taps WINGS Platform For Community Engagement, Token Sale Value Discovery And Social Promotion Comcast’s Advanced Advertising Group And Participants Announce Blockchain-based Technology Platform Online Platform for Gamers to Release a Cryptocurrency for In-game Skins Trading; Launches an ICO Colu Launches Digital “Local Pound, East London” Currency to Empower Local Economies bitJob.io is Building a Student Employment Program on the Ethereum Blockchain – Launching ICO Blockchain Project Waves launches landmark USD gateway Status.im Raises $270m in Three Hours – Shattering Token Raise Record World’s First Mobile Data Exchange DENT Seeks to Disrupt Telco Market with Blockchain Financial Inclusion Company Everex Takes Home RemTECH Award For Ethereum Apps SONM Raises $42 Million in Token Raise WISeKey partners with the Blockchain Interface company RIDDLE&CODE to develop innovative solutions for securing IoT via Blockchain technology and crypto-hardware Bancor Announces $153 Million Raise, Largest Token Generation Event in History CORION Announces Final Coin Sale Details to Build its Revolutionary Platform & Stable-Rate Currency Enhancing the value of history with ZenDao – ICO announcement FunFair Announces Token Creation Event on June 22 for World’s Fastest Blockchain Casino Platform Blockchain Technology Venture Nimiq Announces Token Sale Outlier​ ​Ventures​ ​Makes​ ​Multi-Million​ ​Dollar​ ​Investment​ ​in Distributed​ IoT​ ​Marketplace​ ​‘IOTA’​ ​Through​ ​Major​ ​Token Purchase Bancor Token Allocation Event Smashes Record – Raises over $150 Million Consensys Introduces Omega One MetaX and DMA Join Forces to Launch adChain: a Blockchain Solution to Digital Advertising Fraud Aeternity Raises $24 million Over Phase Two of Token Sale HyperChain Capital announces Collaboration and Investment in CoinDash Community-Driven Cryptocurrency Credits Announces First Public Release Bancor Protocol Foundation Announces New Partners Before Upcoming Token Allocation Event Investors from Russia are launching a venture fund formed on blockchain Bancor Adds Heavyweight Advisory Team to their Foundation – Token Allocation Event Kicks off Today Bancor Protocol Foundation Adds Author and Euro Designer Bernard Lietaer as Chief Monetary Architect Russian Billionaire Announces Business Incubator on Waves Platform Bancor Launches Crowdfunding Valuation And Promotion Via Wings Dao On Ethereum Coinsilium invests in Indorse.io Decentralised Professional Network Cofound.it Breaks Pre-Sale Record, Selling Out With Priority Pass Before Public Token Sale Cofound.it Token Pre-Sale Reaches $5 Million Threshold Within Three Hours, Announces First Three Projects Blockchain Startup DECENT Testnet #2 Launched!bitcoin reach 10000

Blockchain Challenge Dubai Announces Winners- Awarded $45,000 Waves Ceo Sasha Ivanov: Blockchain Will Lead To Rapid Progress Not Only In State Administration, But Also In Business Exscudo ICO Successfully Concluded – $5M Dollars Raised Aventus launches Ethereum-based Event Ticketing Solution Brave Token Sale Blasts Records With $35 Million in 30 Seconds Japanese Blockchain Startup releases VALU – Social Media Value That Can Be Traded MetaX and ConsenSys Announce adToken Sale June 26, 2017 Blockchain Indy Production Start Up to make a TV Series about the Bitcoin Revolution.taux bitcoin euroFans invest to help tell the story!mineria bitcoin chileChat Platform Kik to Integrate Kin Token as First Mainstream Adoption of Cryptocurrency VPN Blockchain Startup Mysterium Network Raises 68,629 ETH ($14,358,975 USD) in under 45 minutes XinFin Introduces Blockchain-based Institutional Financing Marketplace Alongside Pre-ICO Token Sale European Energy Companies to Test Peer-to-Peer Trading Over The Blockchain View All Articlesbitcoin uk vat