On July 18, 2017, the Enterprise Ethereum Alliance published a press release claiming that — with the 34 new members and the total size of 150-plus participants — the EEA became “the world’s largest open-source blockchain initiative.” According to the consortium, which focuses on developments on the Ethereum blockchain, the newest members of EEA represent a “wide variety of business sectors, including technology, banking, government, healthcare, energy, pharmaceuticals, marketing, and insurance, as well as a number of fast-growing Ethereum startups.” The main concept of the nonprofit is to “build, promote, and broadly support Ethereum-based technology best practices, open standards, and open source reference architectures.” There was a bit of confusion in the Ethereum Reddit community since Mastercard was not listed among the new members in EEA’s press release.
CEOs and representatives of many of the newly joined members of the EEA expressed their gratitude and commitment toward the project.
Via joining the Ethereum community, OTP will be able [to] achieve its goals smoothly.
Through the common standards and best practices evolving in Ethereum Enterprise Alliance, our IT systems will be more secure and highly developed,” László Popovics, head of IT innovations at OTP Bank — the leading bank in Hungary and one of the largest independent financial service providers in Central and Eastern Europe — wrote.
Morgan and Intel as the most prominent names among the founding members — aims to standardize blockchain tech for enterprise settings.