ETHNews has adjusted its site to display the market average price for the ETH/USD trading pair. Prior to this change, the default price was an aggregated average of all market currencies, converted to their equivalent USD price. This figure remains displayed as the "Global Converted Average" within the Global Market Statistics section. ETHERLive continues to provide the Global Converted Average alongside Global 24hr Volume and Market Caps, as they serve as an indicator of overall market conditions.
ETHNews is implementing this change due to an inflationary rate among Korean exchanges, which recently skewed trading data by as much as 40% in comparison to other market averages.
A preliminary fix (version 1.5) for the app is now available for Android devices and expected to be available in the Apple iTunes store shortly. This update fixes the misleading data issue by displaying an average of all transactions conducted in USD, rather than an average of all global trading pairs.
A future update for the app (version 1.6) will add features such as separate price and volume data by currency markets, custom push notifications, and the ability for users to choose a default market pair in which they view prices. The version 1.6 update is scheduled to be available in the coming weeks.
ETHNews would like to thank users and readers who provided feedback on the app and site. Those valuable suggestions will help to improve the product.
ETHNews’ proprietary Ether analysis tool, ETHERLive, delivers real-time price and volume data across 16+ exchanges to users in a complete and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews and converts them to USD.
On May 22, 2017, blockchain technology partnership Enterprise Ethereum Alliance (EEA) announced the addition of 86 companies to its membership. New members include Deloitte, National Bank of Canada ING, Toyota Research Institute, and Samsung SDS.
Julio Faura, EEA chairman and head of blockchain R&D at Santander called the enthusiasm around EEA “remarkable.”
“Our new members come from varying industries such as pharma, mobile, banking, automotive, management consulting, and hardware as well as the startup community driving innovation. It’s great to see everyone come together and build the next generation of our economy on Ethereum blockchain solutions.”
As previously reported by ETHNews, the EEA was launched in February 2017, and since has grown in size and scope to encompass a wide range of companies in varying industries. The growing alliance of companies focus on researching blockchain technology solutions, standards and practices, and EntEth 1.0 (a reference architecture). The EEA maintains an open invitation for anyone to join in the collaborative effort to establish blockchain technology guidelines. According to the EEA, the framework it seeks to create can “enable the mass adoption at a depth and breadth otherwise unachievable in individual corporate silos and provide insight to the future of scalability, privacy, and confidentiality of the public Ethereum permission-less network.”
Deloitte’s Dublin-based blockchain R&D lab is exploring banking applications and Eric Piscini, global blockchain financial services leader, affirmed the company has been investing on Ethereum for a while.
“We are excited to actively contribute to the Enterprise Ethereum Alliance and drive blockchain adoption globally,” said Piscini.
Dutch multinational banking and financial services corporation ING seeks a role on the cutting edge of blockchain development. Ivar Wiersma, head of wholesale banking innovation adds:
“For ING, leading edge technology is the key to developing innovative solutions for our customers and Enterprise Ethereum Alliance is a perfect example of how we play at the forefront of these developments. Ethereum is an extremely powerful multi-purpose blockchain and we're proud to partner with Enterprise Ethereum Alliance to leverage this computing platform to seek efficient and secure propositions for our clients.”
Mass adoption by large private banks may be a sign of the efficacy of blockchain technology. David Furlong, executive leader transformation at the National Bank of Canada spoke about joining the EEA’s community of innovators.
“Working on the next generation of IT platforms in a sharing-based ecosystem is aligned with our vision and strategy,” said Furlong. “We are looking forward to collaborating with this diverse group of partners.”
Samsung SDS is a subsidiary of the Samsung group, which has shown interest in blockchains startups, having invested $1.3 million with its Samsung Venture Corporation arm into blockchain innovator Blocko Inc in July 2016. Kwang Woo Song, Samsung SDS vice president of distributed ledger technology business group described the company as focused on “delivering solutions for enterprise businesses” and that joining the EEA was a “clear decision.”
“Ethereum is one of the fastest growing blockchain technologies, with potential to provide exceptional benefit to enterprises. We look forward to active collaboration with the members of the alliance, and believe that there will be significant synergy opportunity to drive the adoption of blockchain in the enterprise space.”
Blockchain technology has applications which can benefit more sectors than FinTech. Toyota Research Institute’s CFO & director of mobility services Chris Ballinger expressed that the technology might fast track innovations like self driving cars.
“Blockchains and Distributed Ledgers are disruptive technologies with the potential to positively impact future mobility by accelerating the development of autonomous driving, lowering costs to consumers, and making more efficient use of the existing mobility infrastructure. Toyota Research Institute supports the Enterprise Ethereum Alliance and its members in promoting common standards and tools to accelerate the adoption of this technology and the potential benefits for Toyota's customers.”
See a full list of the new EEA members here:
“Access, Adapt Forward, Alchemy Limited, AlphaPoint, Antony Welfare, Aquarius Capital Management, AutoBoard Systems, Axcent LLC, Bancor, BigchainDB, Blk Technologies, Blockchain Hub Limited, BlockCypher, Brian Ray, Broadridge, CareChain, CCA, Clause, Clearmatics Technologies, Clozer Technologies, CoinFund, Coinplug, ConsenLabs, Consensus Base, Couger, C ryptoMKT, CYPHA GmbH, Dapps.ai, Datarella, DeliverThat, De Cooperatieve Rabobank U.A, Deloitte, The Depository Trust & Clearing Corporation (DTCC), DigixGlobal, Dinosaur Dog, ElectricChain, Elevondata Labs Inc. , Etherisc, Fundacion CTIC Centro Tecnologico, Gem, Global Consent Limited, Global Trade Guardian - LexEcon Consulting Group, Hashed Health, Hijro, Illinois Department of Financial and Professional Regulation, Infosys, InGauge Trading Technologies Inc., Ian Pilon, Infrachain Asbl, Intelligent’er Re’Development, ING, iPaynow, Jiangsu Huaxin Blockchain Research Institute, Kaula, Ledger, Libra, Melonport, Merck KGaA, Darmstadt, Germany, MME, Mitsubishi UFJ Financial Group, Model Communities Association, Musicoin, National Bank of Canada, Noah Perius, Nordic Alliance, NXN, Parkview Ventures, Qingxin Technology, Red Chalk Group, Samsung SDS, San Francisco Stock Exchange, Smart Contract Japan , SmartU Electronics Trading L.L.C, State Street Emerging Technologies Center, Synechron, Taishin Financial Holdings, Taiwan FinTech Association, Tecnalia Research & Innovation, Toyota Research Institute, TraderLynk Ltd, Trust Stamp, UNLP, Utocat, Vanbex Group , Wall Street Blockchain Alliance, and Zerocoin Electric Coin Company.”
Additional membership information for those interested in joining the EEA can be obtained by reaching out to firstname.lastname@example.org.