• Sat, 16 Feb 2019, 07:34 AM
  • All times are UTC
  • Edition:
    International
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. >

The commenting service is available only after having logged in.
More
  • Bitcoin (BTC) $3,633.94 (+0.06%)
  • Ethereum (ETH) $123.08 (+0.07%)
  • XRP (XRP) $0.302500 (-0.23%)
  • Litecoin (LTC) $43.76 (+2.47%)
  • EOS (EOS) $2.82 (+0.11%)
  • Bitcoin (BTC) $3,633.94 (+0.06%)
Feb 15, 2019 (Friday)
10:50
Dutch firm ElaadNL taps IOTA technology for autonomous smart grid PoC
09:39
Rabobank pumps ‎€80M into venture fund to drive fintech and agtech investments
09:06
Enterprise Ethereum Alliance to launch token task force in 2019
07:21
BitTorrent unveils new payment card for BTT tokens
06:09
Luxembourg lawmakers pass blockchain bill into law
05:11
Canadian crypto exchange Coinsquare acquires StellarX
04:12
JP Morgan reveals key details of Quorum Blockchain-based JPM Coin
03:41
Samsung SDS develops blockchain accelerator technology to enhance transaction processing speed
Feb 14, 2019 (Thursday)
12:11
JP Morgan to trial own cryptocurrency ‘JPM Coin’ for instant client payments: Report
11:04
Intel announces new product to accelerate blockchain deployment
09:47
Huobi Wallet adds support for Japanese and Korean languages
09:11
US CFTC includes cryptocurrencies in 2019 examination priorities
07:24
Nasdaq to launch Brave New Coin Bitcoin and Ethereum indices on February 25
06:07
Italian interbank blockchain project enters pre-production phase
05:14
Enterprise Ethereum Alliance opens regional office in China
04:16
UC Berkeley launches blockchain accelerator for early stage startups
03:39
Former JPMorgan Chase executive joins blockchain startup Vakt as CEO
Feb 13, 2019 (Wednesday)
11:46
New feature to enable Coinbase Wallet users to backup private keys on Google Drive and iCloud
10:52
Hyundai Commercial partners with IBM to create blockchain-based commercial financing platform
09:45
Gibraltar Blockchain Exchange lists ICNQ token on GBX-DAX
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft