/ / NEWS

Synechron Enters the Enterprise Ethereum Alliance Monday, May 22, 2017 - New York

  • Enterprise Ethereum Alliance expands dramatically
  • Announces 86 new members in the Ethereum Ecosystem
  • Biggies like DTCC, Deloitte, Infosys, National Bank of Canada, Rabobank, Samsung SDS, Toyota and more part of the alliance

Synechron Inc., the global financial services consulting and technology services provider, is pleased to announce that it has joined the Enterprise Ethereum Alliance (EEA), a newly formed enterprise collaboration focused on Ethereum Blockchain Technology, along with 86 other companies. Comprised of the most advanced enterprises and startup blockchain innovators, EEA is designed to build, promote, and broadly support Ethereum-based technology best practices, standards, and a reference architecture, EntEth 1.0.

Apart from Synechron, the new members of EEA are global players including 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, CryptoMKT, 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, 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.

Commenting on the inclusion, Faisal Husain, Co-Founder & CEO, Synechron stated: "As a consulting firm focused on digital, business consulting and technology initiatives, Synechron has worked with global clients on everything from blockchain use case development to platform selection and application building. This has given us experience across all of the major blockchain platforms, and we’re seeing clients gravitate towards Ethereum for use cases that could in the future require a mix of public and private participants. That said, the Enterprise Ethereum Alliance is doing important work to bring Ethereum from its public origins to a permissioned blockchain platform that can handle the heightened security requirements of industries like financial services. As part of the EEA, we expect to contribute to this effort through open source code contribution and by sharing our insights from building working Blockchain applications. This will all help to address issues like security, privacy, scalability, and interoperability critical for blockchain’s long-term success in financial services."

The Enterprise Ethereum Alliance (EEA) was formed earlier this year seeking to evolve Ethereum so that it can serve as an enterprise-grade technology. EEA’s research and development is focused on privacy, confidentiality, scalability, and security. EEA is also investigating hybrid architectures that span both permissioned and public Ethereum networks as well as industry specific application layer working groups.

Julio Faura, chairman of EEA and Head of Blockchain R&D at Santander expressed, “The enthusiasm around EEA is 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.”

Synechron along with EEA and its associate members aim to collectively develop industry standards and facilitate open source collaboration. This collaborative framework will enable the mass adoption widely, otherwise unachievable in individual corporate silos and provide insight to the future of scalability, privacy, and confidentiality of the public Ethereum permission less network.

About Synechron
Synechron is a global consulting and technology organization providing innovative solutions to the financial services industry through its three main business focus areas: digital, business consulting, and technology. Based in New York, the company has 18 offices around the globe, with over 7,500 employees producing over $450m in annual revenue. For more information on the company please visit the website or our LinkedIn community.

About Enterprise Ethereum Alliance (EEA)
The Enterprise Ethereum Alliance connects Fortune 500 enterprises, startups, academics, and technology vendors with Ethereum subject matter experts. Building upon the only smart contract supporting Blockchain currently running in real-world production – Ethereum – the Enterprise Ethereum Alliance defines enterprise-grade software capable of handling the most complex, highly demanding applications at the speed of business.

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