JPMorgan Chase & Co, Microsoft, Intel, and more than two dozen other companies have teamed up to develop standards and technology to make it easier for enterprises to use blockchain code Ethereum in the latest push by large firms to move toward distributed ledger systems.
The Enterprise Ethereum Alliance (EEA) will work to enhance the privacy, security and scalability of the Ethereum blockchain, making it better suited to business applications, according to the founding companies, which said they plan to announce the initiative on Tuesday. Members of the 30-strong group also include Accenture, Banco Santander, BP, Credit Suisse, UBS, BBVA, ING, Bank of New York Mellon, Thomson Reuters, and startups ConsenSys and BlockApps.
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