Categories: Ethereum

Enterprise Ethereum Alliance Kicks Off New Regional Office in China

Click here to view original web page at smartereum.com

According to recent reports, the EEA (Enterprise Ethereum Alliance) is finally going to open a new regional office in China. The report came to light via an official press release to Coin telegraph on Thursday February 14.

Ethereum (ETH) Price Today – ETH / USD

Wanchain’s VP of Engineering to Head New EEA Regional Office in China

As per the report from the press release, Smartereum understands that Weijia Zhang, who serves as the vice president of engineering at the Blockchain interoperability firm, Wanchain, has been appointed to serve as the head for the EEA’s new regional office in China. Zhang’s range of duties will reportedly be handling or facilitating the advancement and adoption of the Enterprise Ethereum Alliance’s standards by fully taking part in local hackathons, training sessions, workshops, and conferences the report reveals.

EEA New Office Designed to Help its Chinese Members Leverage EEA Standards

According to the Enterprise Ethereum Alliance’s website, the EEA is “a member-driven standards platform or organization whose goal is to push for open, Blockchain specifications that facilitate interoperability and harmonization for businesses and consumers alike on a global scale.” As per the press release, the EEA’s new office has been designed to help the EEA members in the Chinese nation leverage EEA standards and other related resources.

We can recall from a previous report by Cointelegraph in October of last year when the EEA released a fresh set of specifications in a bid to offer standards for developers who use private iterations of the Ethereum (ETH) network. This is a part of the EEA’s initiative to facilitate the use of its basic processes and standards for users.

Additionally in the same month of October 2018, news also came to light that the Hyperledger Blockchain platform and Enterprise Ethereum Alliance announced that they were going into a collaborative process in a bid to help each other’s organizations (as “Associate Members”) support the adoption of enterprise Blockchain. Hyperledger, in a similar vein to the EEA, is a protocol designed with the aim of enhancing the development and deployment of cross-industry Blockchain tech.

Signature Bank Is Moving Millions on a USD-Backed Digital Currency

In other reports, while the crypto space is still amused at JPMorgan’s plan to move the USD around through the Blockchain technology, a smaller NY bank has already started doing this for two months now.

Since it’s launch at the start of this year, Signature Bank’s Signet system has gone on to on-boarded over 100 clients who are utilizing it to send millions of dollars to each other every day, 24/7, the bank’s executives reveal.

Signature is among the few banks in the United States that will offer deposit accounts to crypto startups, a group that includes New Yorkers at Silvergate Bank and Metropolitan Bank in San Diego.

However, while these clients were the first to adopt the Signet offering, the bank had revealed that non-crypto businesses have begun to sign up as well.

Additionally, added to the previously revealed American PowerNet, an electrical power trading startup that made the Signet project the payments platform for its energy customers, said Signature is bringing two other “ecosystems” that embraces the rapid movement of funds and property.

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

Bitcoin Is Up Against An Extremely Important And Powerful Resistance Zone On The Monthly Chart: The Kijun-Sen (Base Line)

We can identify the price action causes of why price is finding it difficult to move higher by analyzing longer… Read More

37 mins ago

BTC ATM goes missing and no one notices

When you think of thieves stealing an ATM, the mind jumps to the idea of an exciting crime. Maybe there’s… Read More

37 mins ago

Major Swedish Bank Orders Negative Interest Rate on Euro Deposits

Sub-zero interest rates have become the norm in some countries, especially in Europe. Nordic nations such as Sweden and Denmark… Read More

37 mins ago

Researchers Concur Current Bitcoin Market Cycle is Only Just Beginning

Bitcoin price cycles can be influenced by a number of factors, FOMO and public sentiment is one, and mining profitability… Read More

37 mins ago

Hopes for Bitcoin as China’s Renminbi Drops to 11-Year Low

A recent plunge in the bitcoin price is looking to negate some of its losses as China’s currency weakens to… Read More

37 mins ago

Why Bitcoin Rules in the ‘Insane’ World of Negative Interest Rates

Central banks around the world are on a negative rate binge to further a compelling case for bitcoin.. | Source:… Read More

38 mins ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More