Ethereum
$201.05 -3.57%
ETH · 70w

What Is the Ethereum Enterprise Alliance?

If you’ve been following Ethereum closely, you might’ve heard of the Enterprise Ethereum Alliance (EEA). If you’re like me, you probably encountered the name in a few articles and YouTube videos, but never researched what the organization does. Over the past few days, I finally found some time to look into the EEA. Here’s what I found.

This is how the EEA describes itself, as seen on its website:

The Enterprise Ethereum Alliance connects Fortune 500 enterprises, startups, academics, and technology vendors with Ethereum subject matter experts. Together, we will learn from and build upon the only smart contract supporting blockchain currently running in real-world production – Ethereum – to define enterprise-grade software capable of handling the most complex, highly demanding applications at the speed of business.

So the EEA wants to help real world organizations build software based on and around the Ethereum blockchain. That’s a noble goal, one that anyone holding Ethereum will support. But this is a high level description, something that a salesperson starts their sales pitches with. We’re interested in the details.

The EEA is a nonprofit organization formed in March 2017. At its inception, the EEA had 116 members consisting of blockchain start-ups, research groups, Fortune 500 companies, and large financial institutions. Today, the EEA’s members include such big names as Microsoft, J.P. Morgan, Deloitte, the Toyoto Research Institute, and the National Bank of Canada.

Why are all these corporations coming together behind Ethereum?

What makes Ethereum so special? The answer lies in the Ethereum blockchain’s ability to support both ledger and smart contract operations (the Bitcoin blockchain only supports ledger operations). Smart contracts make the Ethereum blockchain platform much more useful and corporations see the potential.

What is “Public Ethereum”?

The Ethereum currency we all know, love, and ...

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