Ethereum Alliance gets new members: MasterCard, Cisco, and more

ethereum, ethereum price

The Enterprise Ethereum Alliance (EEA) has managed to garner new members including the likes of MasterCard, Cisco, and a state government in India.

The EEA is now the world’s largest blockchain initiative thanks to addition of 34 new members thereby bringing up the membership count to 150. The Andhra Pradesh state government in India joined the EEA most likely to support the IT sector and garnering a membership of the alliance is seemingly the best way to go considering blockchain technology is inviting a lot of attention in India.

According to a senior level official of the state government in India, blockchain technology is set to be the biggest disruptor in a number of sectors including governance.

Meanwhile, Scotiabank is one of Canada’s biggest bank with some 23 million customers worldwide, handling around $1 trillion in total assets.

Another interesting addition is the Technical University of Munich. Germany has recently entered this space with a fairly big bang starting with an announcement by their largest energy company, now re-named to Innogy, that they have blockchenized hundred of electric vehicle’s charging stations.

The addition of the university might make the country even more of a player, especially in the industrial side and, in particular, regarding the potential blockchenization of self-driving cars.

The Enterprise Ethereum Alliance was launched earlier this year and it has already received the biggest backing of any blockchain project so far.

The alliance is working on an enterprise version of ethereum, while also looking for ways to inter-connect the ethereum public blockchain with private versions. They say:

“EEA’s research and development is focused on privacy, confidentiality, scalability, and security. EEA is also investigating hybrid architectures that span both permissioned and public Ethereum networks as well as industry-specific application layer working groups.”

Ethereum, therefore, might be rising as the gold standard in blockchain technology, with many private blockchains revolving around its base protocol. Allowing developers to gain expertise in ethereum blockchain coding, so giving them the freedom to move from public to private, start-up to corporate, government to household brand.


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