November 12, 2019 – Leading bank Standard Chartered announces that it has joined the Ethereum Enterprise Alliance (EEA), a members-driven standards organization aiming to develop open, blockchain specifications to drive interoperability for businesses and consumers worldwide.
Announced last week, Standard Chartered will collaborate with industry leaders to create Ethereum-based enterprise technology best practices, open standards, and open-source reference architectures. Standard Chartered said it views blockchain as important to banking and commerce in the digital era. With blockchain, transactions can be verified, secured, and processed in real-time.
EEA is composed of hundreds of companies from every region across a variety of industries, from technology, banking, government, marketing, etc.
Standard Chartered is already working with its industry partners to explore the use of blockchain. It can be remembered that when Globe’s Gcash (Mynt) announces a successful cross-border blockchain-based remittance between Hong Kong and the Philippines, the partner in HK is Alipay but it was Standard Chartered that provided the underlying banking infrastructure to support the initiative. At that time, Global Head of Transaction Banking for Standard Chartered Lisa Robins said, “As the world’s 3rd largest recipient of global remittances, this new service will make it easier, cheaper, and more secure.”
Standard Chartered is joined by over 250+ members of the EEA, including Accenture, Intel, ConsenSys, and the Ethereum Foundation to promote standardization of blockchain specifications worldwide.
This article is published on BitPinas: Standard Chartered Joins Ethereum Enterprise Alliance