We are pleased to announce our membership to the Enterprise Ethereum Alliance (EEA). The EEA is an industry-supported, not-for-profit established to build, promote, and broadly support Ethereum-based technology best practices, open standards, and open-source reference architectures. The EEA is helping to evolve Ethereum into an enterprise-grade technology, providing research and development in a range of areas, including privacy, confidentiality, scalability and security. The EEA is also investigating hybrid architectures that span both permissioned and public Ethereum networks as well as industry-specific application layer working groups.

“A membership with an organization like the EEA is invaluable.” says Gary Fan, President of Ivy “It gives us greater ability to tap the collective expertise of the alliance and work with other EEA members in the banking & financial sectors to drive forward world-changing ethereum based products & services.”

As a member of the EEA, Ivy will collaborate with fellow members and industry leaders in pursuit of ethereum-based enterprise technology best practices, open standards, and open-source reference architectures and work to contribute to the Banking Work Group.

The Banking Working Group aims to:

Ensure the financial services industry’s needs are broadly served by EEA

Inform the EEA reference spec with requirements that allow us to support industry use cases on EEA compliant platforms

Strategize and execute on delivering connectivity to existing industry standards like ISO, FpML, MQ, etc.

Build a non-IP bearing smart contract library of best practices & templates for financial assets and workflows

Ensure legal and regulatory questions are collected and addressed efficiently

Foster partnership opportunities between members

We look forward to bringing you more information as we get further involved in the Alliance.

For more about the Enterprise Ethereum Alliance, click here.