Enterprise Ethereum Alliance Adds 34 New Members, Including Cisco Systems

The Enterprise Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term Alliance (EEA) has announced adding 34 organizations and firms to its Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term group. The company, which launched in February 2017, has a total of 150 members as of today.

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Following this step, the EEA has become a major open source blockchain initiative. The companies that have joined it belong to various business sectors such as technology, banking, government, energy, healthcare, insurance, and marketing. A number of the new members are growing Ethereum start-up firms. The 34 companies include names such as TalkCrypto, Aquilon Energy Services, Antibiotic research UK (ANTRUK), ASSETH, Cisco Systems, and Cybersoft Digital Services.

Julio Faura, chairman of the board at EEA, commented that the company’s rapid growth points to the rising popularity of the altcoin’s blockchain solutions: “The technological breadth, depth and variety of organizations coming together under the auspices of EEA to create and drive enterprise Ethereum standards bodes well for the future development of the next-generation Ethereum ecosystem.”

J. A. Chowdary, Special Chief Secretary & IT Advisor to the Chief Minister, Government of Andhra Pradesh, India, commented on how the fintech Valley Vizag and the industry on the whole will benefit from blockchain technology: "As Fintech Valley Vizag in Andhra Pradesh aims to become a vital financial technology hub, it is working on adopting more robust systems that are cost-effective. With security issues all over the world, there is no doubt that blockchain technology is set to be the biggest disruptor not only in the financial world, but also a number of online and offline sectors. We are keen on integrating blockchain technology into governance and look forward to our collaboration with Enterprise Ethereum Alliance and provide market access to the community."

About the EEA

The EEA seeks to develop the altcoin into a technology on an enterprise level. The company researches security and privacy, but also focuses on hybrid architectures that relate to both public and permissioned Ethereum networks. A third and last emphasis is given to industry-specific application layer working groups.

In May, the firm announced another multi-member collaboration, that included names such as Bancor, Bigchain DB, Deloitte, BlockCypher, Smart Contract Japan, Wall Street Blockchain Alliance, Red Chalk Group, SmartU Electronics Trading LLC, Axcent LLC, and the Toyota Research Institute.