Singapore, July 4th 2018 — The Request Network Foundation, a not-for-profit developing a framework for compliant blockchain transactions has announced that it has joined the Enterprise Ethereum Alliance (EEA), the world’s largest open source blockchain initiative.

As a member of the EEA, the Request Network Foundation will collaborate with industry leaders in pursuit of ethereum-based enterprise technology best practices, open standards, and open-source reference architectures. By leveraging the operational Request framework and listening closely to industry leaders within the EEA, the Request Network Foundation team is helping create the interoperable standard for financial transactions that occur on blockchains. This way, enterprise software is able to include all financial flows made with non-traditional currencies, while staying compliant with accounting, auditing and tax regulation.

“We are excited to join the EEA,” said Christophe Fonteneau, Head of Strategic Partnerships from the Request Network Foundation. “The EEA offers us the ability to work with leaders in the financial industry to address specific, enterprise-based use cases. We look forward to helping define the building blocks needed to drive the Web 3.0 era of decentralized, connective intelligence.”

With more than 500 member companies, the EEA membership base represents a wide variety of business sectors from every region of the world, including technology, banking, government, healthcare, energy, pharmaceuticals, marketing, and insurance. The EEA’s industry-focused, member-driven working groups are each tasked with creating and delivering specific advancements to the development and use of ethereum-based technologies.

About The Enterprise Ethereum Alliance

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.

EEA will collectively develop open industry standards and facilitate collaboration with its member base and is open to any members of the Ethereum community who wish to participate. This open-source framework will enable the mass adoption at a depth and breadth otherwise unachievable in individual corporate silos and provide insight into the future of scalability, privacy, and confidentiality of the public Ethereum permissionless network. For additional information about joining EEA, please reach out to membership@entethalliance.org or visit www.entethalliance.org.

About the Request Network Foundation

The Request Network Foundation promotes the adoption of blockchain by providing a protocol which allows everyone to develop their own financial solutions based on the Request Network technology. The Foundation establishes a standard for blockchain transactions, shaping the future of payments (i.e. invoices, loans, payments, salary, donations) and their compliance for accounting, tax and audit integration.

For additional information about the Request Network Foundation, please visit https://request.network