The Enterprise Ethereum Alliance Expands To China With New Regional Office

The Enterprise Ethereum Alliance Expands To China With New Regional Office

Human existence is made adventurous by the ease with which we form alliances to consolidate our common goal. There is usually an expressive interest which can better be advanced when an association is formed.

Fiat monetary system is governed in a specific region or country by its established Central ban or Apex financial body and these central banks have alliances which helps above all else to strengthen the stability and economic value. The move to create an umbrella body to help reinforce specific interest has gained traction in the cryptosphere since digital currencies plugged itself aright in the financial scheme of things.

Some of the associations that advance the interest of cryptocurrency include but not limited to International Decentralized Association of Cryptocurrency and Blockchain IDACB, United States Blockchain and cryptocurrency Association USBCA, and Enterprise Ethereum Alliance EEA.

The Enterprise Ethereum Alliance EEA

The EEA is a member-led industry organization whose objective is to drive the use of Ethereum blockchain technology as an open-standard to empower all enterprises. The Enterprise Ethereum Alliance boasts of members who are thought leaders from around the globe with a shared vision to create enterprise-ready solutions. The EEA has four operational mandates that are to build an open source standard specification, to address enterprise requirements, evolve alongside the public ethereum blockchain and to boost members in achieving global interoperability.

The Enterprise Ethereum Alliance has a robust membership and the association creates world-class Enterprise Ethereum Client Specifications and testing and certification programs that ensure interoperability, multiple vendors of choice, and lower costs for all registered members.

The Expansion Drive

At the heart of every company/body is the vision to expand so that its impacts and value addition can be felt broadly. The Enterprise Ethereum Alliance has such growth plan. The company is headquartered in Wakefield Massachusetts United States of America, with regional offices in Tokyo Japan, Seoul Korea and the body announced on February 13th, their expansion in Asia with an office in Beijing, China. In a statement contained in their press release;

“As part of our efforts to accelerate the global adoption of Enterprise Ethereum standards and associated certification programs, the EEA has opened regional offices in Japan, Korea, and now China as part of the organization’s ongoing efforts to open more offices around the globe. For each office, we identify an accomplished individual who is passionate about blockchain for the benefit of everyone,” said EEA Executive Director Ron Resnick. “Zhang’s blockchain expertise and leadership will help to accelerate blockchain adoption in China and support activities of EEA’s growing member base”

Good News For Investors

This move would go a long way in contributing to the rapid achievement of the core goals of the association. The Enterprise Ethereum Alliance is the brainchild of the Ethereum foundation and it connects, as has been said various tech companies such as Microsoft, Intercontinental Exchange ICE, Amazon and others who see a future for cryptocurrencies especially those built on the ethereum Blockchain. All these surely bring the hope of a better future for altcoins for investors.

Bitcoin (BTC), Ethereum (ETH), XRP (Ripple), and EOS Price Analysis Watch (Feb 19th)