What is Ethereum Alliance (EEA)? | CryptoWallet.com

What is Ethereum Alliance (EEA)?

The Enterprise Ethereum Alliance (EEA) is a coalition of different start-ups, Fortune 500 companies, technology vendors, academics, and Ethereum subject matter experts which are formed to build and promote Ethereum as an enterprise-level technology for businesses. The advantages of building solutions on the Ethereum blockchain are numerous which has driven the interests of several enterprises to explore the potentials of the technology. 

One of the key objectives of the EEA is to increase the adoption of Enterprise Ethereum and Mainnet Ethereum blockchain technology as an open standard for all enterprises. The enterprise union also aims to promote Ethereum blockchain technology best practices which include security, privacy, scalability, and interoperability. This means that new blockchains formed by EEA in the future can follow the existing standards of the Ethereum blockchain.

Since the emergence of the alliance in 2017, members have collaborated to enable the massive adoption of Ethereum among major enterprises.  

Examples of the Enterprise Ethereum Alliance at Work

So far, some of the projects that members of the EEA have worked on include supply chain provenance tracking, inter-bank payments, reference data, securities settlement, and several others. The EEA will go a long way in fostering efforts to build infrastructures that will support both permissioned and public Ethereum networks. 

With this collaboration in place, members can develop their in-house private Ethereum blockchain. A member could also share a codebase built on the Ethereum blockchain with another member if it’s useful to them.  

Members of the EEA 

Some of the earliest members of the Enterprise Ethereum Alliance included Accenture, Banco Santander, BlockApps, BNY Mellon, CME Group, ConsenSys, IC3, Intel, J.P. Morgan, Microsoft, and Nuco. Additional founding members include AMIS, Andui, BBVA, brainbot technologies, BP, Chronicled, Credit Suisse, Cryptape, Fubon Financial, ING, The Institutes, Monax, String Labs, Telindus, Tendermint, Thomson Reuters, UBS, VidRoll, and Wipro, and several others.

The EEA website shows that there are 109 associate and organizational members of EEA as of July 2021. Associate members are represented by the Blockchain Research Institute, Hyperledger, and SAE ITC. Its social impact partners include the Blockchain for Social Impact Coalition and the Decentralized Identity Foundation.

The members of EEA represent varied businesses from every region of the world, including technology, banking, government, healthcare, energy, pharmaceuticals, marketing, insurance, and many more.