International banking group Ethereum Enterprise Alliance">Standard Chartered has turn resolute be the most recent member of a blockchain standard-building group, the Ethereum Enterprise Alliance (EEA).
In a press launch issued on Nov. 6, Standard Chartered explicit the transfer would enable it to increase its consumer choices throughout its 60 worldwide markets.
Standard Chartered is newest EEA banking member
"Technology enables us to facilitate trade and investment across our step markets, up client experiences and offering new services," Group Chief Information Officer, Dr. Michael Gorriz, commented.
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The EEA intentional in March 2019 as a cooperative effort exploring the event and implementation of blockchain options throughout commercial enterprise sectors. Its rank base now runs into the tons of, with participation from entities together with Microsoft, Hyperledger and many different worldwide Sir Joseph Banks akin to Santander and Russia's Sberbank.
A proper tie with Hyperledger, which itself provides enterprise-grade blockchain instruments, got here in October final yr.
The EEA in addition publishes knowledge materials akin to blockchain requirements paperwork, amongst which was a devoted effort for the telecoms trade August.
Increasing blockchain maneuvers
"We are excited to be a part of the EEA and look forward to opportunities where we can collaborate with other leading industry players to deepen blockchain research and application in the banking sector," Gorriz added.
Standard Chartered has already made inroads into blockchain utilization. As Cointelegraph reported, the commercial enterprise institution not too lang syne accomplished a provide chain funding scheme and used the know-how to ship a cross-border letter of credit score transaction.
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