• Sat, 20 Jul 2019, 09:38 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

LG CNS joins Enterprise Ethereum Alliance

Fri, 18 Jan 2019, 04:55 am UTC

LG CNS, a subsidiary of electronics giant LG Corporation, has joined Enterprise Ethereum Alliance (EEA), a member-led organization that aims to drive the use of Ethereum blockchain technology.

Launched in 2017, EEA is focused on developing a set of open-source, standards-based blockchain specifications that can be trusted and utilized globally for the betterment of all businesses and consumers. It currently has more than 500 members including the likes of Microsoft, Santander, JPMorgan, Accenture, BNY Mellon and many others.

LG CNS is already a member of Hyperledger, which it joined in July 2018, and the blockchain consortium led by R3, which it joined in 2017.

The company said that the three initiatives – EEA, Hyperledger, and R3 – have different blockchain technologies, but deal with enterprise technology.

“An enterprise blockchain is a “Permissioned blockchain”. Unlike the public blockchain, only pre-agreed users can join the network,” LG CNS explained (via online translation).

In May 2018, LG CNS launched Monachain – a blockchain platform aimed at digital authentication, digital currency, and digital supply chain management. The following month, it was selected by the Korea Minting, Security Printing & ID Card Operating Corp. (KOMSCO) to establish a blockchain open platform.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,603.50 (+1.82%)
  • Ethereum (ETH) $226.23 (+2.93%)
  • XRP (XRP) $0.327500 (+3.27%)
  • Litecoin (LTC) $99.27 (+1.36%)
  • Bitcoin Cash (BCH) $312.92 (+1.69%)
  • Bitcoin (BTC) $10,603.50 (+1.82%)
Jul 19, 2019 (Friday)
11:17
Crypto Technicals: XRP/USD grinds lower along 200H SMA, break below 5-DMA to see further weakness
11:12
Binance Jersey announces listing of GBP-backed stablecoin ‘BGBP’
10:32
Rape and sexual harassment case against bitcoin developer blows up
10:15
New Jersey accuses blockchain firm Pocketinns of selling $410K unregistered securities
09:59
Crypto Technicals: LTC/USD struggles at 110-EMA, bias bearish
09:58
Blockchain firm Algorand joins International Swaps and Derivatives Association
09:22
Neo, Ontology partner to develop blockchain interoperability protocol
07:35
Consumer advocates call on Libra partners to withdraw collectively from Facebook's crypto project
07:31
Apple's Steve Wozniak invests in blockchain-based energy efficiency firm 'Efforce' in Malta
07:28
Cryptocurrency exchange ErisX joins U.S. Chamber of Digital Commerce
07:26
LibertyX exceeds 1,000 bitcoin ATMs in the U.S. via new partnership
06:59
Blockchain interest dropping, DLT in trouble?
06:37
Waves founder launches Waves Enterprise to develop corporate blockchain solutions
06:03
IRS goes after cryptocurrency users misreporting transactions
05:05
Facebook's Libra, other cryptocurrencies pose risk of global economic destabilization: G7
04:42
Anchorage receives charter to open crypto custody shop in South Dakota
04:27
Bank of Thailand's DLT-focused Project Inthanon advances to Phase III
Jul 18, 2019 (Thursday)
11:52
MOBI launches first vehicle identity standard on blockchain
11:49
FATF approves Japan’s plan to establish global network for crypto payments: Report
11:13
Crypto Technicals: ETH/EUR downside pauses shy of 200-DMA, bullish divergence on intrday charts keeps scope for upside
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft