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Enterprise Ethereum Alliance promotes public Ethereum

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Today the Enterprise Ethereum Alliance (EEA) announced that the Executive director of the public Ethereum Foundation’s Aya Miyaguchi is joining the EEA board. Additionally, the EEA is launching a working group called the EEA Mainnet Initiative to encourage collaboration between the public blockchain ecosystem and enterprises.

Aya Miyaguchi commented: “As blockchain adoption accelerates, it’s important that the Ethereum Foundation works to connect businesses with the latest research and development coming from our worldwide community, and that we convey our challenges and experiences while better understanding those impacting industries.”

Joseph Lubin, the co-founder of Ethereum and ConsenSys, pointed to enterprise interest in Ethereum. “Major organizations from the big four and big tech to pharma, major financial service companies, central banks, and large energy companies are all turning significant attention to Ethereum,” he said.

However, many of the organizations are still focused on private permissioned versions of Ethereum. Although some are putting a toe in the water for public blockchains.

Three months ago Societe Generale issued a covered bond on the public Ethereum blockchain. However, this was, in essence, an internal transaction. BBVA uses a private Hyperledger Fabric blockchain for negotiating a bond issuance but usually registers the final issuance with a hash or fingerprint on the public Ethereum test net.

Euronext, the world’s sixth-largest stock exchange by market capitalization, has invested in Tokeny Solutions which tokenizes assets, equity and investments on the public Ethereum blockchain.

One of the strongest proponents of public blockchain amongst the big four is EY. Its blockchain leader Paul Brody recently said: “I strongly believe that the only way blockchain ever delivers on the kind of vision we have is if we use one global public blockchain.” Ethereum is EY’s platform for choice.

Backing up that opinion, EY has invested in Zero-Knowledge technology to keep data private on the public blockchain.