150 Members: Indian Government, Mastercard Join Enterprise Ethereum Alliance
A state government in India, Mastercard and Cisco are among 34 new members of the Enterprise Ethereum Alliance.
The Enterprise Ethereum Alliance is revealing its newest members.
As with previous announcements, entrants are divided between legacy institutions and startups building on the ethereum blockchain. Included on the list is Mastercard, Cisco Systems, Scotiabank, Loyyal Corporation and QIWI Blockchain Technologies, among 29 other firms.
But the member that perhaps stands out most in this latest batch of companies is the government of the rapidly growing Andhra Pradesh state in India, the first state government outside the US to join the alliance.
The special chief secretary and IT advisor to the state's chief minister, J.A. Chowdary, described in a statement the government's ambition to leverage the membership as a way to turn the region into a financial technology tech hub.
The state of Andhra Pradesh, perhaps best known for its capital, Hyderabad, is only the second government to join the EEA, following the State of Illinois, which joined in May.
Other new members include Antibiotic Research UK, the Technical University of Munich and Ypse IT Solutions. Blockchain startup Bloq is also included on the list, but was previously reported by CoinDesk as having joined the initiative.
Still, today's announcement brings the EEA's total membership to 150 organizations, all of which have joined the consortium since its launch this February.
The EEA describes itself as a standards group designed to help enterprises build their own interoperable technology, mostly using private versions of the ethereum blockchain.
EEA's chairman of the board, Julio Faura, said in a statement:
Disclosure: Mastercard is an investor in CoinDesk's parent company, Digital Currency Group.
Hyderabad image via Shutterstock
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.