Ethereum 

The Enterprise Ethereum Alliance Launches the EEA Mainnet Initiative

The Enterprise Ethereum Alliance (EEA) is setting up a technical group working on collaboration between the mainnet and enterprises. The working group, called the EEA Mainnet Initiative, intends to accelerate and lead cooperation between the EEA’s enterprise and startup members, as well as those who work on the mainnet’s technology and interoperability solutions, according to a press release shared with Cointelegraph on Aug. 6. EEA Mainnet Initiative to work on interoperability and scalability solutions The Mainnet Initiative will seek to improve its knowledge about how public network components match the…

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Cryptocurrency 

Ethereum Blockchain Solutions for Enterprise Business: Pros and Cons

Ethereum currently is known as the most popular public blockchain network for the development of decentralized applications (DApps) and smart contracts. Its prospective blockchain protocol is one of the few cryptocurrency projects actually achieving real-world adoption, with dozens of applications that can be divided into 11 major categories: open finance, decentralized exchanges, gaming, collectibles, marketplaces, developer tools, identity, governance, infrastructure, token-curated registries and Ethereum Request for Comments (ERC) token standards. Thus, it appears to be leading the field of enterprise blockchain solutions. Ethereum is contributing to the revolutionizing of the…

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Cryptocurrency 

Waves to Use Vostok as Utility Tokens for New Enterprise Blockchain Solution

Waves CEO Alexander Ivanov has announced a new department for enterprise projects that will be fueled by Vostok (VST) tokens.  According to a July 18 press release, Waves is opening a new company department called Waves Enterprise, which will employ a corporate blockchain solution of the same name. The Waves Enterprise solution is a management system for businesses that need to handle data sets containing private information. As per the report, VST tokens will be the utility token for Waves Enterprise, and will be exchanged for a variety of network-based…

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Cryptocurrency 

Enterprise Blockchain on the Rise Despite Criticisms

In the announcement for the launch of its blockchain security testing service, IBM X-Force Red highlighted the rise of enterprise blockchains and said that “organizations are seeing real efficiencies and cost savings from its use.” IBM also highlighted the IDC’s 2018 Spending Guide, which forecasts worldwide blockchain spending to grow to $9.7 billion in 2021. This arrived on the back of a Forbes article in February that explored the reasons “Why 2019 May Become The Year Of Enterprise Blockchain,” which also highlighted Deloitte’s 2018 global blockchain survey that found 95…

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