The Entreprise Ethereum Alliance added 48 new members on the 18th of October. With this addition, the EEA has now a total of 200 members in less than 10 months. The entreprise Ethereum alliance is now the largest open source Blockchain initiative. Our research Team looked at the new entreprise Ethereum alliance internal working structure to understand what it could mean for Ethereum price.
Entreprise Ethereum Alliance added new members
New members include
Oracles Network, 1Up Systems PTY LTD, Aigang Network, Audiology Live Corporation, Australian Digital Commerce Association (ADCA), bitfwd project- University of New South Wales, Blockchain Development Company, Blocksafe Foundation, BTM Blockchain Technology Malaysia Sdn Bhd, Cambridge Blockchain, Crypto Valley Association, CSA Consulting and Solutions Ltd, Dash Core Group, DLT Labs, Donnelley Financial Solutions, Eximchain,Infinity Blockchain Labs, InfoObjects Inc., Investrata Foundation for Social Entrepreneurship (IFSE), LIFElabs, Lunyr Inc., Maintio Ltd., Metaps Plus, MyBit Foundation, Nanchang Buluo Chain Tech. Ltd. Co., National Association of REALTORs, Open ANX Foundation Limited
SettleMint, Singapore University of Social Sciences, SmartContract, WeChain.
Entreprise Ethereum Alliance added new working groups
What is also interesting, is the addition of new official working groups to the Alliance. Earlier this year, July 2017, this is what the internal structure of the Entreprise Ethereum Alliance looked like:
- Technical Steering Committee
- Token Working Group
- Banking Working Group
- Healthcare Working Group
- Insurance Working Group
- Advertising Industry Working Group
- Legal Industry Working Group
- Supply Chain Working Group
With the addition of the new members, the EEA approved 5 new working groups:
- The Quorum Working Group
- The Communications Protocol Working Group
- The Integration and Tools Working Group
- The Standards Working Group
- The Marketing and Communications Committee
The first observation we have is that July’s work groups were focused by industry. The priority back then is to introduce these industries to the Blockchain technologies and show them how they could benefit from the disruptive tech that is the Blockchain and Ethereum’s smart contracts.
We believe the outcome was a success as many fortune 500 members are now working on their own or in collaborations on pilots to uncover the potential of Ethereum and the Blockchain tech in their respective industries.
We derive from the new workgroups’ structure that phase 2 will be focused on structuring the use of Ethereum, organizing the Ethereum community communications and protocols, Structuring ICOs and marketing. If successful in executing this phase, it will be great for increasing Ethereum’s use and mass adoption.
The Enterprise Ethereum Alliance counts also some “Embryonic” working groups. These are groups the self-formed, had meeting but didn’t submit a charter yet for approval as an official working group within the EEA. What caught our attention is the Phyton group.
Current state, the ethereum node reference implementation is go lang, the smart contract language is Solidity and parity is another implementation of an ethereum node written in c++. These are all new languages (Other that C++) so it limits how many developers can participate. Introducing Python, which is more widely used among developers could be a smart move for Ethereum.
So far, we like the addition of the new members and the creation of these new groups means that the Alliance is maturing and potentially signaling a new phase for Ethereum and Ethereum price.