The Enterprise Ethereum Alliance will form a group working to boost collaboration between the mainnet and enterprises.
The Enterprise Ethereum Alliance (EEA) is setting up a technical group working on collaboration between the mainnet and enterprises.
The working group, called the EEA Mainnet Initiative, intends to accelerate and lead cooperation between the EEA’s enterprise and startup members, as well as those who work on the mainnet’s technology and interoperability solutions, according to a press release shared with Cointelegraph on Aug. 6.
EEA Mainnet Initiative to work on interoperability and scalability solutions
The Mainnet Initiative will seek to improve its knowledge about how public network components match the commercial market requirements needed to boost adoption of Ethereum, the press release notes. The EEA will hold interactive discussions on Mainnet Initiative as a part of the Ethereum Foundation’s major developer conference, Devcon5, in October 2019.
Marley Gray, EEA board member and principal architect at tech giant Microsoft, said that the rapid acceleration of technology around Ethereum mainnet requires heightened interoperability and scalability, which is the mission of the Mainnet Initiative.
EEA appoints Ethereum Foundation’s Aya Miyaguchi as a new Board member
Alongside the Mainnet Initiative announcement, the EEA also said that they have appointed a new Board member, the Ethereum Foundation’s Aya Miyaguchi.
The EEA is a blockchain consortium with over 450 enterprise business members, including, among others, Microsoft, JPMorgan Chase, Santander, Accenture, ING, Intel and Cisco. The consortium’s objective is to promote the use of Ethereum blockchain as open-standard to empower all enterprises.
Earlier this year, the EEA issued a report describing a number of blockchain use cases in the real estate industry, claiming that blockchain is capable of reducing the time of recording and transferring properties while increasing transparency and making land registries trustless.
To date, the Ethereum blockchain is the most popular public blockchain network for building decentralized applications and smart contracts.