R3 rival Enterprise Ethereum Alliance expands in size
The Enterprise Ethereum Alliance (EEA) has seen a surge of interest in its plans to drive Ethereum blockchain technology best practices with the arrival of 86 new members.
New faces include Broadridge, DTCC, Deloitte, Infosys, MUFG, National Bank of Canada, Rabobank and Samsung SDS.
As Banking Technology reported in March, Banco Santander, BNY Mellon, Intel, JP Morgan and Microsoft were some of the big names behind the launch of EEA – a rival to the R3 blockchain consortium. In fact, R3 has had an interesting time – with members leaving, but new ones and new deals keeping it alive and kicking.
Julio Faura, chairman of EEA and head of blockchain R&D at Santander, says: “The enthusiasm around EEA is remarkable. Our new members come from varying industries such as pharma, mobile, banking, automotive, management consulting, and hardware as well as the start-up community driving innovation.”
EEA’s goal is to get Ethereum to serve as an enterprise-grade technology. Its R&D is focused on privacy, confidentiality, scalability and security. EEA is investigating hybrid architectures that span both permissioned and public Ethereum networks as well as industry specific application layer working groups. It will also collectively develop industry standards and help open source collaboration with its member base.
The “founding members” of EEA’s rotating board include Accenture, Banco Santander, BNY Mellon, CME Group, ConsenSys, Intel, JP Morgan and Microsoft. “Additional founding members” include BBVA, Credit Suisse, ING, Thomson Reuters, UBS and Wipro.
