Corporate Giants Combine to Launch the Enterprise Ethereum Aliance
More than two dozen corporate giants and blockchain innovators have joined forces to develop an alliance on the Ethereum blockchain, designed to build, promote, and support enterprises as they push toward distributed ledger systems. The Enterprise Ethereum Alliance (EEA) is due to be announced on Tuesday, which aims to drive Ethereum blockchain technology best practices focusing on security, privacy, scalability, and interoperability, reports the EEA. Members of the 30-strong EEA include Accenture, Banco Santander, BP, BlockApps, BNY Mellon, CME Group, ConsenSys, IC3, Intel, JPMorgan,....
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Ethereum’s price rose 7% over the past 24 hours, continuing an apparent up-trend, increasing to $14.50, up from around $10 at the beginning of the month. Price Rises in Anticipation of Enterprise Ethereum – image from poloniex The main reason appears to be Enterprise Ethereum. Details are sparse, but a launch event is to be held tomorrow, on the 28th of February, at what appears to be JP Morgan’s offices in Brooklyn, New York. According to the event’s website: “[S]ome of the largest corporate users of Ethereum will demonstrate the most mature enterprise applications of blockchain running....
New details have emerged about a soon-to-be-launched initiative focused on enterprise uses of the ethereum protocol. Dubbed Enterprise Ethereum, the project's founding membership is said to include major financial institutions, tech giants and natural resources companies. According to sources, participating firms include JP Morgan, CME Group, BNY Mellon, Banco Santander, Microsoft, Red Hat, Cisco, Wipro and British Petroleum, among others. Blockchain startups BlockApps, Brainbot Technologies, ConsenSys, Nuco and Tendermint – as well as the Ethereum Foundation, the non-profit that oversees....
A secretive project that would aim to make ethereum more suitable for corporate users is taking shape, according to multiple sources familiar with the project. Rumored to be called Enterprise Ethereum, the exact nature of the effort remains veiled behind an unusual degree of privacy – especially so for participants who are better known for their work in more transparent open-source communities. Based on comments from sources, the group – which has the appearance of a broad consortium – intends to remain quiet until it is ready for a forthcoming public launch. Yet, word is already beginning....
Amidst the fanfare of the release of R3's Corda distributed ledger code, another milestone slipped by almost unnoticed – Hyperledger surpassed 100 members. On its own, the news isn't that important – 100 is, after all, just a number. But combine the two reports, and you unearth a development that could define the future of blockchain. Hyperledger was created a year ago as a unifying "umbrella" for enterprise blockchain open-source development. Among the participants are blockchain companies (including R3), financial institutions and tech giants. Its approach so far has been a mix....
Following the explosion of interest in blockchain technology last year, Vitalik Buterin gave a presentation at the Hyperledger’s technical steering committee in April 2016, explaining how Ethereum could be integrated with the consortium’s protocol or, perhaps, replace it entirely. Brian Behlendorf, Executive Director of Hyperledger and a founding member of the Apache Software Foundation, seemingly liked what he heard and extended an apparent offer of partnership in September. He stated that Ethereum now has a substantial corporate interest which can help the community grow. Ethereum C++,....