What is the Enterprise Ethereum Alliance (EEA)?

The Enterprise Ethereum Alliance (EEA) is a consortium that brings together a number of technology companies, financial institutions, start-ups and academics with the aim of increasing the use of Ethereum technology and opening new business opportunities around the world.

Its global community includes a number of multinational companies and start-ups, such as JPMorgan Chase, Microsoft, Intel, Accenture, EY, and BP.

Through this alliance, its members form a forum where they can share knowledge and encourage Ethereum adoption among institutional players.

The Enterprise Ethereum Alliance's operations rely on four pillars: understanding business needs, building standard specifications that respond to those needs, parallel development of the public Ethereum blockchain , and achieving global interoperability through certification programs.

Although Ethereum technology is still in its infancy and must overcome several technical and regulatory hurdles before it is fully functional for business transactions.

Efforts have begun to improve this blockchain and turn it into a Proof-of-Stake network that is expected to be able to handle a greater number of transactions per second than now.

Some potential use cases put forward by the Enterprise Ethereum Alliance include using blockchain to improve food safety. Q

This technology can be used at every stage of the supply chain, providing greater transparency to consumers.

In the case of products that need to be recalled, proponents argue that this could speed up the process and ensure that the source of the problem can be identified more quickly than currently possible.

Blockchain also brings opportunities for the tokenization of various assets, including real-world goods such as property.

Health medical records could also be stored more securely than currently, and university degrees could be tokenized to prevent fraud.

The Enterprise Ethereum Alliance is based in the United States, but also has offices in China, France, and Japan.

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