Enterprise Ethereum Alliance Launches Three New Work Groups

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-based 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 tamp 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 tamp Read this Term initiative Enterprise Ethereum Alliance (EEA) has recently launched three new member-driven working groups in digital identity, energy, and multiplatform interoperability.

EEA was founded with the aim of integrating the Ethereum blockchain into the enterprise sector. The company researches security and privacy, and 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.

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The organization was launched last February and now it has seventeen working groups and committees. Each of these working groups has a specific task in the development of Ethereum-based technology.

The three groups are the Digital Identity Working Group, the Energy Working Group, and the MultiPlatform Working Group.

The first will research and form a general understanding of Ethereum in the digital identity space and to develop a taxonomy that is widely accepted and practised in the technology industry. The second is focused on defining standards around Ethereum blockchain implementations in different traditional energy sectors - oil and gas, mining, refining, trading, and utilities. The third group will develop the existing Ethereum platform and make it suitable for multiple operating systems and physical hardware.

EEA founding board member Jeremy Millar commented: “EEA’s member-driven working groups focus on solving the real-world challenges of deploying and using Ethereum in the enterprise. The output of the working groups is a key component of EEA’s mission and active participation is something our members find valuable to their businesses.”

“Identity, energy and multiplatform interoperability are three areas where EEA members see real advantages to using Ethereum technologies in 2018. Working groups allow them to innovate, test new ideas and stay competitive,” he added.

EEA now has around 300 member companies and is betting big on the Etherum blockchain to make it industry grade.

In May, the firm announced a huge 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.