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I don’t know if the Enterprise Ethereum Alliance (EEA) is something you have heard of before?
If not then I would like to explain what the EEA is and also talk a bit about why it matters and how it can help drive blockchain adoption and Ethereum success.
Some of the world’s biggest and most well-known brands are today members of the EEA. And they are actively working on creating tomorrow’s solution built on the Ethereum blockchain.
Right now the blockchain space is a very explorative space. There is yet no real mass adoption in terms of millions of people aroiund the world that are using blockchain technology in their lives.
Right now when I look around this space by visiting online blockchain and crypto forums, researching new technologies and businesses, I find that another key indication of why blockchain technology is still in its infancy space is due to the people engaging with it.
I primarily find three types of users that engage with the space and tech:
1 ) First is the people that building stuff
These are the people building for Ethereum, EOS, Bitcoin, etc. Either they come from a very technical background and are focused on solving the scalability and adoption issues. Or they are coming from a more entrepreneurial / business area
2 ) The second group is the big businesses exploring the value and ROI of blockchain
Here we got businesses of various sizes exploring the use cases of blockchain. And how they could move into using it for any future products or services.
They could be creating their own internal blockchain teams. Or using a consultancy to help them navigate and understand the potential of blockchain.
3 ) And last we’ve got the investors (retail and institutes) who are looking to profit from cryptocurrencies
And the final group is the investors. Retail investors like you and me. Or the bigger firms and investment companies that are looking to profit from trading or holding cryptocurrencies.
Or even investing in the blockchains themselves as VC investors or similar.
But outside of these three groups of core users there lack any clear understanding or purpose that blockchains, or even cryptocurrencies play.
But that could hopefully also be changed by the fourth group of people. The advocators.
And here we can see several groups of people with a passion and interest in this space continuously buildign and networking for the advancement of blockchain.
And EEA being one outlet, others can be found in other decentralised groups and communities. Often tied to Ethereum. But they are evident for most blockchains.
What is the Enterprise Ethereum Alliance (EEA)?
It is an open member-led organisation with a specific interest in the development of Ethereum, and Ethereum-based products and services.
If you visit their website you can find a clearer purpose of the EEA by reading their mission statement:
“Enable organizations to adopt and use Ethereum technology in their day-to-day business operations.”
So the EEA both creates technical and industry specifications and blockchain certifications. Which different users can take advantage of and gain a better understanding of blockchain and Ethereum.
They also have open membership groups where people from different industries and roles can meet up to discuss, collaborate and work within different sectors. This could be for new financial services, healthcare, automobile, insurance, etc.
So a meetup part where you can find others with similar interest and explore different options together.
Who is the Enterprise Ethereum Alliance (EEA) for?
The EEA is as the name says for Ethereum and enterprises.
Specifically you could say the EEA is for:
- Helping enterprises learn about Ethereum and blockchain
- Helping them to figure out how to build new stuff on Ethereum (private or public Ethereum)
- Bring businesses, developers and Ethereum developers and startups together (think DeFi and business collaborations)
- Create technical documents, guides and industry standards
The EEA wants to build movements, help to create technical guidance, run events, etc. Both businesses that want to explore how they can use and build on Ethereum in the future.
Then you have Ethereum with all the developers and startups that are currently building the future of dApps.
It’s been evident that since the birth of the blockchain and the launch of Ethereum that this technology needed help to go from the idea phase or proof of concept to real-world products and with global spread and mass adoption.
Here the EEA comes in. But so does other groups and member-led organisations, and DAOs. DGOV being one of them.
So ultimately the EEA wants to build a foundation and springboard for new Ethereum-based services and products.
Similar to the blockchain space where we’ve got numerous amount of new blockchain platforms, like Ethereum and the rest we need ways to better collaborate between different blockchains we also need better ways to collaborate between different businesses.
So that’s fundamentally what the EEA wants.
Who are part of the EEA today?
How can the EEA help Ethereum and blockchain adoption?
Some of you with who are a bit more familiar with Ethereum and the EEA might argue that lots of these enterprises that are building on Ethereum aren’t actually building on the public version of Ethereum.
That’s true for several reasons:
- Due to the current issues around Ethereum’s capacity (scalability, etc) – yet
- Due to the fact that many businesses are still exploring and they rather do so in a close environment – initially at least
- And lastly there are parties that will never fully build on the public version of Ethereum because they want certain control aspects and limit exposure/accessibility.
But the last category isn’t a bad category, nor bad for Ethereum. There are many use cases where the last group of privately built Ethereum blockchains might need to speak with other private blockchains.
And here the public Ethereum comes in to fulfil this need. So just because some businesses are building on private blockchains today doesn’t mean they will continue to do so in the future.
It’s about timing and value. And right now the public version of Ethereum can’t meet the needs of these businesses in current for.
But Ethereum 2.0 will take the next step to make this possible.
For me the main benefits of what the Enterprise Ethereum Alliance can do for Ethereum and blockchain adoption are:
1 ) Bring awareness to blockchain technology, how it works and what value it could bring to the businesses
2 ) Create a more standardised way for businesses to collaborate and work together with new industry standards, guidance, and certificates
3 ) Generate new businesses leads that will bring more business to Ethereum and increased interest and awareness to the entire blockchain space
4 ) Help Ethereum-based startups in different sectors meet with new businesses and help them go from startup to successes
How can I become part of the EEA?
If you are intrigued by the idea of the Enterprise Ethereum Alliance and you are wondering if it could be of interest to you but not sure how, or why exactly?
Then I think it definitely be something worth looking into. Specifically if you are today:
- Working for enterprise businesses that yet have ventured into blockchain technology. Maybe the EEA can help you learn how this could bring you future value and revenue
- You are working for an Ethereum-based startup and you are looking for businesses to use your products or services. Or you are trying to find out more from the industry about what use cases are sought after
- You are working in the financial, automotive, insurance, telecom, etc business and you want to discuss use cases of blockchain and Ethereum with other likeminded business people
If you are curious and think the EEA could be something for you then visit their website and learn more!
In many ways the EEA is just another one of hundreds of industry membership groups. And these can sometimes be very promising as an idea or concept but difficult in reality to reach that potential.
The EEA is doing a lot of intersting work and sometimes it can also be hard to see the value it always bring to the table. At least if you are a true fan of Ethereum the public blockchain or an investor of ETH and you want the public version to grow in usage and adoption.
But sometimes these initiatives and even private blockchains can have a positive longterm effect on ETH and create a ripple effect.
I am following the EEA from the sidelines to see what value they will help to generate for Ethereum and other blockchains. And then as an investor of ETH I also hope that it can be one of many positive things that will help to drive the price of ETH up.
Find other guides:
- What is 2FA?
- Best ways to buy ETH with PayPal
- Best Ethereum wallets
- Buy ETH with a credit/debit card
Hello and welcome to Go Cryptowise.
My name is Per Englund and I’m a long-term fan and investor and trader of Bitcoin and other cryptocurrencies. I caught the attention of Bitcoin like many other several years ago, but it was first around 2016/2017 that I truly got into cryptocurrencies and blockchain technology.
I have since traded, bought, researched and learnt about this new emerging space to the fullest. When not producing crypto-content I create and design new products and businesses. And I want to combine my business experience with my passion to create meaningful content for all our readers.
And I am bringing this vision to my writing and how Go CryptoWise work.
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Get in touch with me to find out more about Go CryptoWise and what we care about.
MicroStrategy Completes Another $1 Billion Bitcoin Buy
MicroStrategy, the company, spearheaded by one of Bitcoin’s biggest proponents, MicroStrategy, has just confirmed the purchase of another 19,452 BTC.
- In an announcement published today, February 24th, MicroStrategy, the largest independent publicly-traded business intelligence company, has revealed the purchase of 19,452 bitcoins.
- The company paid approximately $1,026 billion in cash for the BTC.
- The average price at which MicroStrategy executed the trades is approximately $52,765 per coin, which includes the expenses and fees.
- With this, the company now sits on approximately 90,531 bitcoins, currently worth just shy of $4.6 billion.
- This equates to 0.43% of the total supply of Bitcoin that will ever be in circulation.
Speaking on the matter, Saylor said:
The Company remains focused on our two corporate strategies of growing our enterprise analytics software business and acquiring and holding bitcoin. […] The company now holds over 90,000 bitcoins, reaffirming our belief that bitcoin, as the world’s most widely-adopted cryptocurrency, can serve as a dependable store of value. We will continue to pursue our strategy of acquiring bitcoin with excess cash and we may from time to time, subject to market conditions, issue debt or equity securities in capital raising transactions with the objective of using the proceeds to purchase additional bitcoin.
- The move was somewhat expected. As CryptoPotato reported earlier in February, the company revealed its price to offer convertible senior notes to raise money and buy Bitcoin.
Simplex Partners With Opera to Bring In-Browser Crypto Purchases
Users of the popular browser Opera will have the option to purchase cryptocurrencies directly from it following a partnership with the crypto-fiat processor Simplex. The integration will also enable users to set up personal cryptocurrency wallets to store the newly-purchased digital assets.
Opera Users To Buy Crypto From The Browser
Founded in 2014, Simplex describes itself as a company that has “been changing the status quo of crypto on/off ramps.” In a press release shared with CryptoPotato, the Israel-based firm announced its latest endeavor to bring cryptocurrencies to the masses.
Simplex has partnered with the multi-platform web browser Opera. As a result, Opera users will “be able to buy and sell cryptocurrency instantly within the privacy-centric browser.”
The statement reads that this strategic partnership comes amid times when the retail investors are looking for an easy way to enter the cryptocurrency space as the bull run has garnered their attention once more.
As such, being able to create their own digital asset wallets without having to leave the browser that enables them to buy, sell, or simply HODL their coins would enhance mass adoption, the firm said.
“Now Opera users can access Simplex’s extensive range of supported cryptocurrencies from within the browser wallet itself, and move between fiat and cryptocurrency with ease, enjoying competitive rates.” – reads the announcement.
Back in late 2018, Opera became the first web3 and blockchain-ready browser upon launching web3 support, dApp explorer, and its native crypto wallet for Android. Shortly after, Opera made the same upgrades for its desktop and iOS versions. The cryptocurrency wallet currently supports Bitcoin (BTC), Ethereum (ETH), and Tron (TRX).
A Member of the Visa Network
As recently reported, Simplex reached another milestone as it became a principal member of Visa in Europe. Consequently, the EU-licensed financial institution can now offer fiat to crypto solutions to users wishing to utilize digital assets for regular payments.
Following the partnership with Opera, the firm touched upon its relationship with Visa as both collaborations could help with its core mission to “democratize cryptocurrencies and pioneer new and innovative capabilities for the entire fiat to the crypto ecosystem.”
It’s also worth noting that Opera has now joined another browser in providing instant cryptocurrency purchases. Binance partnered with the Brave Browser last year, but it enabled only users of the popular exchange to interact with digital assets.
Student Coin Tokensale Now Live Till April 30
[PRESS RELEASE – Please Read Disclaimer]
After 12 years of existence, it was about time for crypto to be recognized as it deserves. Step by step, blockchain technology made its way to public institutions after it conquered vendors and business enthusiasts.
With all the issues that came with bank services, no wonder people are so hyped over the idea of crypto payments – which provide users with data and financial security.
Tokenization got its spotlight due to all the solutions they offer in terms of fair payments, loans, and votes.
And to bring the crypto area one step forward, a dedicated team developed one of the most intriguing utility tokens that will forever change the way we see crypto – the STC token, available on its dedicated ICO since February 1st.
What is an STC token?
STC is the core utility token of the Student Coin blockchain project – that makes possible the creation of personalized tokens without strong technical knowledge.
Having an account on the platform allows you to create:
- Personal tokens – unique assets tied to a single account;
- Startup tokens – assets that help you take a step forward to your dreams;
- Corporate tokens – unique assets dedicated to a single company;
- DeFi tokens – assets that allow you to perform various bank activities without the intervention of third parties;
- NFT Tokens – transferable tokens that make possible the switch between platforms.
All these tokens are valued based on the STC Token, and they can be used for exchanges, trades, even crowdfunds.
Why is the STC token special?
The thing that makes the STC token superior to other tokens is its focus on the most important people in the world’s economy – students.
They are the next generation of employees, which will mark the success of current and future companies. To give people the chance to better education, there’s a need to make university programs more accessible.
But it’s not that easy. Reducing tuition fees will lead to a lower budget to afford qualitative researchers, teachers, programs, international collaborations, and so on.
Until now, the solution was bank loans. However, with our unpredictable economy, people lost trust in bank services. And who can blame them?
Therefore, Student Coin’s team came with a solution that decentralizes student loans – crowdfunding with personal tokens.
How does it work?
The future student creates its personal token. This token is put on the Student Coin market. The STC holders purchase the tokens until the student receives the money needed for tuition. After the student graduates and finds a job, a part of his salary will be locked to pay the loan. The STC holders receive a cyclical profit payment for their involvement.
This project is sustained by over 500 top universities worldwide, including Harvard University, the University of Manchester, and the University of Copenhagen.
A simple way for students to get the funds they need to achieve their dreams. At least, that’s the main focus, but this process can also be done for visionary entrepreneurs.
And that’s not the only reason why Student Coin studs out. Holding STC tokens give users the chance to vote in the project’s development and even sign petitions if they’re needed. It’s an entire ecosystem created to give people what they need and raise the utility of cryptocurrencies.
How can you buy STC tokens?
To get your STC tokens as soon as possible, make sure you don’t miss the Student Coin Launchpad ICO, available until April 30th.
Although it started just 23 days ago, the team already raised $2 million worth of STC tokens and completed 35 phases.
Every phase finished till now had a hard cap of 100K USD, and the price increased by 0.0002 USD with every reloads.
Joining the ICO doesn’t just give you access to these tokens in advance, but it also gives you additional assets.
If you recommend the ICO to your friends and send them a unique referral link, you can earn 20% of ETH invested by every friend of yours, alongside 30% of their STC purchases.
Your friends also get an additional 5% of STC purchased.
Who is behind Student Coin?
Student coin is backed by a dedicated team of 44 people from 12 different countries, ready to expand crypto usability and create solutions for the world’s needs. Among them, you can find the former CTO of IBM for Europe, for example, or the president of the Harvard University Club of Poland.
By the end of 2021, the team plans to develop and implement STC Exchange, STC Terminal, and even an STC App, alongside listing the token on major crypto exchanges.
So, if their innovative ideas caught your attention, join the ICO and make sure to follow them on social media to be up to date with their features.
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