Indian IT services and consulting company Wipro has joined the Enterprise Ethereum Alliance (EEA) as a founding member. The goal is to develop enterpr
Indian IT services and consulting company Wipro has joined the Enterprise Ethereum Alliance (EEA) as a founding member. The goal is to develop enterprise-grade blockchain solutions.
Wipro has announced in a press release (available at: wipro.com) that they will collaborate with EEA to promote, develop and implement enterprise grade Ethereum-based blockchain applications across industries for specific business use cases.
Ethereum is an open-source, blockchain-based distributed computing platform that features smart contract functionality, added the company`s statement. Wipro has been working on Ethereum to develop enterprise blockchain-based industry solutions and assets. Some of them has reportedly been said to include Delivery versus Payments (DvP) settlement for securities and capital markets, skip-trace consortia for banking, peer-to-peer (P2P) insurance for the sharing economy, anti-counterfeit solution for supply chain traceability and others.
“The EEA benefits from a diverse, yet enterprise-focused membership base. Wipro brings a global perspective on IT strategy and operations to this alliance. We are very pleased to have Wipro as a member as we launch the Enterprise Ethereum Alliance.”, said Jeremy Millar, founder of Enterprise Ethereum.
“It’s great to have Wipro as a founding member of the Enterprise Ethereum Alliance. Having organizations like Wipro driving purpose-built solutions and accelerating innovation for businesses, adds significant credibility to the Enterprise Ethereum ecosystem.”, commented Marley Gray, Principal Blockchain Architect, Microsoft.
“Enterprise Ethereum Alliance also fosters collaboration within the emerging community of blockchain developers. We look forward to working actively with the members of this alliance to shape the blockchain adoption by enterprises.”, as Krishnakumar N Menon, Vice President, Service Transformation, Wipro Limited, explained in a statement.
Wipro is also known to encourage in-house blockchain development by creating a “Blockchain Academy” for its employees.