Thirty large companies across tech and finance verticals announced the formation of an organization that will create a standard version of Ethereum software for businesses to use for specific use cases such as tracking data and executing financial contracts.
Microsoft is among the companies set to form the Enterprise Ethereum Alliance — an organization that will create a standard version of Ethereum software for businesses to use for tracking data and financial contracts. Credit George Etheredge for The New York Times SAN FRANCISCO — Microsoft, JPMorgan Chase and other corporate giants are joining forces to create a new kind of computing system based on the virtual currency network Ethereum. Some 30 companies are set to announce on Tuesday the formation of the Enterprise Ethereum Alliance, which will create a standard version of the Ethereum software that businesses around the world can use to track data and financial contracts. The new organization, a nonprofit, is part of a broader movement to harness the technological concept known as the blockchain, which was introduced to the world by Bitcoin.