Decentralized finance (DeFi) protocols could soon emerge as the world’s dominant liquidity pool if scaled effectively, according to Alex Batlin, the founder and CEO of cryptocurrency custody platform Trustology. Cointelegraph spoke to Batlin — also a co-founder and board member of the Enterprise Ethereum Alliance — at the recent BlockDown 2020 conference to discuss the outlook for decentralized finance and how DeFi is impacting crypto custody. DeFi to become predominant means of finance globally Alex emphasizes that he is “super excited about DeFi,” stating: “My macro-hypothesis for DeFi is that as and when it starts working, it potentially could be …

International banking group Standard Chartered has become the latest member of a blockchain standard-building organization, the Ethereum Enterprise Alliance (EEA). In a press release issued on Nov. 6, Standard Chartered said the move would allow it to expand its client offerings across its 60 international markets. Standard Chartered is latest EEA banking member “Technology enables us to facilitate trade and investment across our footprint markets, improving client experiences and offering new services,” Group Chief Information Officer, Dr. Michael Gorriz, commented. The EEA formed in March 2017 as a collaborative effort exploring the development and implementation of blockchain solutions across economic …

The Enterprise Ethereum Alliance (EEA), an organization that aims to establish standards in the blockchain sector, has published a collection of use cases for blockchain in telecommunications. Blockchain solutions for telecoms The EEA shared the announcement with Cointelegraph on Aug. 28. According to the announcement, the new document on blockchain solutions in the telecom industry was created by the EEA Telecom Special Interest Group (SIG). This document is free and open to the public, and reportedly contains information on how blockchain technology can streamline business transactions and internal operations in telecommunications. Additionally, the document purports to show how so-dubbed standards-based …

The Enterprise Ethereum Alliance (EEA) has detailed several blockchain use cases relevant to the real estate industry in a report shared with Cointelegraph on May 23. The document is reportedly the result of several months of work by the group’s members, which includes over 50 real estate companies. The report describes four use cases, the first of which is the idea of tokenizing properties to allow for more granular investment in an official way. The EEA also believes that blockchain has the potential to shorten the process of recording and transferring properties while increasing transparency and making land registries trustless. …

The Enterprise Ethereum Alliance (EEA), global blockchain community with over 500 members, will launch a “token task force” in 2019, EEA confirmed to Cointelegraph in correspondence on Feb. 13. The executive director of the EEA, Ron Resnick, said that the task force is still at the design stage and is scheduled to launch in the first half of this year. “We are creating a token task force; we will do that first half of this year,” Resnick stated, adding: “It’s going to be focused on support for fungible ERC-20 and non-fungible, ERC-721 tokens.” Resnick hopes that the new initiative will …

The Enterprise Ethereum Alliance (EEA) is opening a regional office in China, according to a press release shared with Cointelegraph on Feb. 14. According to the press release, Weijia Zhang, vice president of engineering at blockchain interoperability startup Wanchain, has been appointed as the head for the new regional office. Zhang will reportedly be responsible “for supporting the advancement and adoption of EEA’s standards by taking part in local hackathons, workshops, training sessions, and conferences.” The EEA, according to its website is “a member-driven standards organization whose charter is to develop open, blockchain specifications that drive harmonization and interoperability for …

The Enterprise Ethereum Alliance (EEA) has released a new set of specifications in an effort to provide standards for developers using private iterations of the Ethereum Blockchain, according to statements shared with Cointelegraph. At DevCon4 today in Prague, the EEA announced the release of its Enterprise Ethereum Client Specification V2 and Off-Chain Trusted Compute Specification V0.5. The former is a development of common standards, which aims to ensure that Ethereum developers will write code that “[motivates] enterprise customers to select EEA specification-based solutions over proprietary offerings.” The Client Specification V2 will essentially offer a label of sorts, which means a …

The Enterprise Ethereum Alliance (EEA) and Hyperledger announced October 1 they would join each other’s organizations as “Associate Members” in order to support enterprise blockchain adoption. The EEA, an enterprise blockchain organization created in March 2017 by Santander, JPMorgan, and a variety of other members, focuses on improving the privacy, scalability, and security of Ethereum (ETH) blockchain applications. Brian Behlendorf, Executive Director of Hyperledger at the Linux Foundation and Ron Resnick, Executive Director of the Enterprise Ethereum Alliance, explained the impetus for the decision to join together in a blog post: “This will enable more active and mutual cross-community collaboration …

About 90 percent of currently active U.S. companies’ blockchain initiatives will ultimately be abandoned. This statistic comes from a study by Forrester Research, cited by Bloomberg in an article July 31. The U.S. market research firm Forrester Research predicts that most of blockchain-powered projects initiated by American companies will be put on hold in 2018. Specifically, Forrester Research estimates that in a whopping 90 percent of cases, the projects will “never become part of a company’s operations.” The researcher also claims that “some companies,” which have been striving to incorporate the widely touted distributed ledger technology (DLT) in their businesses, …

The Enterprise Ethereum Alliance (EEA), the world’s largest open-source Blockchain initiative, has recently added 34 new members expanding to a total of 150 organizations. Mastercard and Cisco Systems The EEA is a non-profit consortium that is focused the developments of Ether or in the broader sense, the whole Ethereum Blockchain. Among their 34 new members are Mastercard and Cisco as well as the Scotiabank and Government of Pradesh. While Cisco is clearly on the list of the new members in the press release, the absence of Mastercard's name has brought confusion to the Ether community in Reddit. But actually, the …