28 Feb '17, 4pm

Startups, Banks and Tech Giants Launch Enterprise Ethereum Alliance

A group of blockchain startups, financial institutions and other blockchain innovators is launching the Enterprise Ethereum Alliance (EEA) to build, promote and broadly support Ethereum-based technology. The collective, which includes Intel, Microsoft, J.P. Morgan, Banco Santander and ConsenSys, will also launch a reference architecture, named EntEth 1.0. “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. Enterprise Ethereum is a public and permissionless blockchain, which means that anyone can use it for whatever they see fit. While this is useful — even needed — for certain types of applications, it is not always suited for others. In particular, financial institutions a...

Full article: https://bitcoinmagazine.com/articles/startups-banks-and-t...

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