Enterprise-Centered Ethereum Requirements Consortium EEA to Kind 'Token Activity Power' | CryptoTechBuzz
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Enterprise-Centered Ethereum Requirements Consortium EEA to Kind ‘Token Activity Power’

The Enterprise Ethereum Alliance (EEA), world blockchain group with over 500 members, will launch a “token process drive” in 2019, EEA confirmed to Cointelegraph in correspondence on Feb. 13.

The chief director of the EEA, Ron Resnick, mentioned that the duty drive continues to be on the design stage and is scheduled to launch within the first half of this 12 months.

“We’re making a token process drive; we are going to try this first half of this 12 months,” Resnick acknowledged, including:

“It’s going to be centered on assist for fungible ERC-20 and non-fungible, ERC-721 tokens.”

Resnick hopes that the brand new initiative will contribute to entreprise tokenization and construct public confidence in crypto. Furthermore, the group will reportedly deal with the problem of interoperability between completely different blockchains.

The EEA, in line with its web site, is a group centered on creating requirements to assist enterprises undertake Ethereum-based blockchain know-how.

At present, Feb. 14, the EEA introduced that it’s opening a brand new department in China, as Cointelegraph reported. Weijia Zhang, vp of engineering at blockchain interoperability startup Wanchain, has been appointed as the brand new workplace’s director.

In October 2018, the EEA partnered with one other main blockchain group, Hyperledger, the open-source blockchain platform from the Linux Basis. The 2 consortiums joined one another’s organizations as “Affiliate Members” as a way to assist enterprise blockchain adoption.

As Cointelegraph beforehand reported, main trade gamers consider that tokenized belongings would be the fundamental development in crypto trade within the coming years. As an example, Tyler and Cameron Winklevoss, Bitcoin bulls and founders of the crypto buying and selling platform Gemini, consider that the preliminary coin providing (ICO) “loopy city” of 2017 is now over and that tokenized belongings are coming to the fore.

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