Ethereum enterprise alliance list companies
The effort will lead to the formation of a working group that will serve as a hub for alliance members collaborating on public chain Ethereum tech. Joseph Lubin, a co-founder of Ethereum and Board member at the EEA, characterized the coordination campaign as coming right on time, insofar as major companies have been increasingly experimenting with building on and through the smart contract platform:. Notably, there have been tangible and committed efforts to use Ethereum mainnet by the enterprise and to build infrastructure for mainnet that will also serve many business use cases for the long term. Major organizations from the big four and big tech to pharma, major financial service companies, central banks, and large energy companies are all turning significant attention to Ethereum.
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- Marsh becomes first re/insurance broker to join the Enterprise Ethereum Alliance
- News & Views
- Infosys joins new enterprise alliance for using Blockchain
- 500 companies unite in Enterprise Ethereum Alliance to set blockchain standard
- Blockchain Training Alliance Joins the Enterprise Ethereum Alliance
- Kaspersky Lab joins Enterprise Ethereum Alliance
- Enterprise Ethereum Alliance Announces Client Specification 1.0
- Bigger than bitcoin? Enterprise Ethereum Alliance grows in size
- Education Ecosystem Joins Enterprise Ethereum Alliance & Linux Foundation
- Enterprise Ethereum Alliance Gets Big Backup and Eyes Big Business
Marsh becomes first re/insurance broker to join the Enterprise Ethereum Alliance
A blockchain standards group made up of hundreds of businesses and tech development members has unveiled its first specification for enabling the development of peer-to-peer, decentralized networks explicitly for automating corporate transactions. The EEA Specification and its architecture stack is based on blockchain components developed by the Ethereum Foundation , the organization behind the world's second most valuable cryptocurrency: Ether. By using the EEA's new specification, developers can write code that enables interoperability between businesses and their customers, either over a permissioned or public blockchain.
The specification sets up a framework for setting up permission to join a blockchain network. It has great core competencies around value transfer, sending people Ether. It's created the standard for fundraising through token offerings [initial coin offerings]," said Tom Lombardi, EEA's head of market development.
The blockchain specification and its architectural stack promises greater transactional efficiency because it allows data to be taken "off-chain," or outside the primary blockchain ledger and processed in a separate database behind a firewall. The primary blockchain is then only used to validate completed transactions and can create a separate hash to represent the data offline for privacy and security. Processing information off-chain is becoming a popular concept for increasing the efficiency of blockchain networks, which can take many minutes to process a single transaction.
For example, bitcoin on average takes 10 minutes to process a transaction. The Enterprise Ethereum Client Specification was created by a technical steering committee that will work on expanding it with member contributions through October with the goal of publishing Enterprise Ethereum Client Specification 1. That spec will include more frameworks for business-specific applications. And that certification program will be based on version 1. The specification, geared toward creating blockchain-based enterprise applications for transactional data, is important because it will deliver a standard for interoperability between companies using the distributed networks.
Often, enterprises will jump head first into a new technology, using a start-up to build an application for a specific business purpose only to discover after the vendor contract runs out that the application isn't serving its needs; once the application is built, however, it cannot be modified as it is purpose-specific, Mason said.
Public blockchain ledgers, such as bitcoin, have no central authority; the ledger is governed by a consensus mechanism among users. Conversely, a private or "permissioned" blockchain has a central administrator that vets those who are then allowed to join the blockchain. A permissioned blockchain, for example, might be used among business partners who have a common purpose — such as cross-border financial transactions or supply chains.
International companies can also create internal, permissioned blockchains to transact between various divisions or business units. Along with permissioned blockchains, businesses can also use public blockchains to crowdfund projects by selling cryptocurrencies through initial coin offerings — in this case, Ether tokens — or to promote customer loyalty by issuing tokens. For example, some businesses are considering the use of blockchain networks for customers to trade loyalty points as tokens on an exchange.
A customer purchases so many groceries, then gets so many tokens to trade with. The value of the token, like any cryptocurrency, is determined by the marketplace. The Ethereum organization's blockchain is a series of protocols that define a platform for decentralized applications or dApps.
Like other business blockchains, such as Hyperledger , Ethereum has the capability to execute "smart contracts," a business automation tool.
When certain conditions of a contract are met, the blockchain executes commands. For example, in a real estate transaction, once all parties have agreed to the terms of a deal by entering their consent on the blockchain — and the banks have approved a money transfer — the blockchain can automatically execute that transaction. Ethereum's smart contract capability is called the Ethereum Virtual Machine "EVM" and it can execute code of arbitrary algorithmic complexity. Developers can create applications that run on the EVM using friendly programming languages modeled on existing languages like JavaScript and Python.
We anticipate great things due for the rest of the year. Here are the latest Insider stories. More Insider Sign Out. Sign In Register. Sign Out Sign In Register. Latest Insider. Check out the latest Insider stories here. More from the IDG Network. How blockchain will kill fake news and four other predictions for For real estate, blockchain could unshackle investment. IBM, Intel, J. Morgan and Microsoft join others on new blockchain token spec. What's a smart contract and how does it work?
Closed captioning available on our YouTube channel. The problem with mobile and app voting The problem with mobile and app Top tech stories of Top tech stories of CW 50 years of storage CW 50 years of storage Cryptocurrency such as Bitcoin has garnered most of the media coverage and hype to date, but keep your eye on blockchain — this new technology is poised to change IT in much the same way open-source software did a quarter century ago.
Enterprise Ethereum Alliance "You think about where Ethereum currently sits.
News & Views
The Enterprise Ethereum Alliance is a member-led industry organization whose objective is to drive the use of Ethereum blockchain technology as an open-standard to empower ALL enterprises. All images, branding and wording is copyright of Enterprise Ethereum Alliance. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the company mentioned on this page. Your message has been sent.
Infosys joins new enterprise alliance for using Blockchain
If you wanted to invest in a fast-growing industry, chances are you'd gravitate toward marijuana stocks, or perhaps something in the tech sector. But when it comes to cumulative return, no investment has seemingly come close to that of ethereum in I'd like to think part of the reason these cryptocurrencies have been so popular is recent weakness in the U. President Trump has to be thrilled with a weaker dollar, as it'll boost exports to foreign countries. Unfortunately, U. Traditionally when the dollar is weaker, gold has been the safe-haven choice. Gold is a finite resource and has been used as a currency for centuries. However, cryptocurrencies also offer the potential as a store of value.
500 companies unite in Enterprise Ethereum Alliance to set blockchain standard
Supporting industry collaboration to deliver best practice, open standards and reference architectures. London, 13 January Fnality International , delivering a next generation payment system to support peer-to-peer markets and tokenisation, is pleased to announce that it has joined the Enterprise Ethereum Alliance EEA , the defacto standards organization for enterprise blockchain — one that is backed by the largest developer community in the world and a worldwide member-base. As a member of the EEA, Fnality International will collaborate with industry leaders in pursuit of Ethereum-based enterprise technology best practices, open standards, and open-source reference architectures.
Blockchain Training Alliance Joins the Enterprise Ethereum Alliance
The Enterprise Ethereum Alliance or EEA , launched in February , brings together various start-ups, Fortune companies, technology vendors, academics, and Ethereum subject matter experts to work on Ethereum as an enterprise-grade technology. Although many technology giants and businesses had been supporting Ethereum via Cloud services and working towards its adoption, most efforts towards its scalability, privacy, and interoperability remained scattered until the Enterprise Ethereum Alliance came into being. The alliance aims to build, promote, and support Ethereum blockchain technology best practices, standards, and a reference architecture that is capable of handling its real-world applications and usage. Ethereum is not just a platform but also a programming language Turing complete running on a blockchain that helps developers build and publish distributed applications. The potential applications of Ethereum are wide-ranging, and this has attracted a number of enterprises to explore the technology.
Kaspersky Lab joins Enterprise Ethereum Alliance
The copyright in this document is owned by Enterprise Ethereum Alliance Inc. It is made available under the terms of the Apache License version 2. Protocol requirements are requirements where the desired properties and correctness of the system can be jeopardized unless all clients implement the requirement correctly. Client requirements do not impact global system behavior, but if not implemented correctly in a client , that client might not function correctly, or to a desirable level, in an Enterprise Ethereum blockchain. However, some aspects of Ethereum in general, and Enterprise Ethereum specifically, are especially important in an organizational environment. A wallet can also interface directly with the enclave of a private transaction manager , or interface with public Ethereum. A private transaction manager is a subsystem of an Enterprise Ethereum system for implementing privacy and permissioning.
Enterprise Ethereum Alliance Announces Client Specification 1.0
The Enterprise Ethereum Alliance, a consortium of leading banking, financial and technology companies has made a dramatic announcement today. Many of the new members are not new to blockchain technology. Some of the banking institutions are already part of the R3 Blockchain Consortium and Hyperledger Project. However, there are also new entrants from different industry sectors, e.
Bigger than bitcoin? Enterprise Ethereum Alliance grows in size
RELATED VIDEO: Ethereum Community ProjectsVAKT is a new company formed by a consortium of nine energy majors, independent traders and banks. It is digitising the global commodities industry by creating a trusted digital platform for post-trading services, accessible to all parties involved and powered by blockchain technologies. This platform will produce new trade finance opportunities, enhance efficiency and reduce costs through the elimination of duplicate data sets and paper contracts. It will also decrease risk by providing enhanced clarity over product movements and ownership.
Education Ecosystem Joins Enterprise Ethereum Alliance & Linux Foundation
Register Now. This item in japanese. May 28, 2 min read. Kent Weare. The focus of this framework is to create a standards-based, enterprise-ready approach to building blockchain applications while avoiding multi-protocol proprietary approaches. In addition, the EEA Client Specification focuses on areas including scalability, privacy, and security for both permissioned and public Ethereum networks. This EEA open-source, cross-platform framework will enable the mass adoption at a depth and breadth otherwise unachievable in individual corporate silos.
Enterprise Ethereum Alliance Gets Big Backup and Eyes Big Business
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