EEA created work groups for various economy sectors

Ethereum Enterprise Alliance (over 300 participants) works on implementing Ethereum technology in different sectors of human life
28 December 2017   1122

The world's largest blockchain consortium, the Ethereum Enterprise Alliance (EEA), has created three working groups to implement Ethereum technology in such areas as digital identification, multi-platform compatibility and the energy sector. This is reported by CCN.

Identity, energy and multiplatform interoperability are three areas where EEA members see real advantages to using Ethereum technologies in 2018. Working groups allow them to innovate, test new ideas and stay competitive.
 

Jeremy Millar

Board member, EEA

The Energy Working Group will develop standards and infrastructure for Ethereum solutions in the oil, refining, municipal and other sectors.

The Ethereum Platform Compatibility Working Group will be responsible for adapting the technology to all operating systems and infrastructure elements.

In total, the number of EEA participants exceeded 300 in a year. The consortium is structured consist of 17 committees and working groups engaged in the introduction of technology in various industries.

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   226

One of the world's largest asset managers, Fidelity Investments, announced the launch of a unit focused on providing institutional investors with Bitcoin and Ethereum services. The Forbes reports.

The new division received the name Fidelity Digital Assets and, possessing a staff of 100 employees, will provide a platform for trading cryptocurrencies and consulting services 24/7.

The platform already has first customers, but its launch for a wider range of investors is scheduled for the beginning of 2019.

This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors are starting to think seriously about this space.
 

Tom Jessop

Founding head, Fidelity Digital Assets

In particular, Fidelity Digital Assets will offer a transaction service that, using internal cross-connect and order routers, will trade through third-party liquidity providers.

One of the most popular offers by the company can also be a service for storing Bitcoin and other cryptocurrencies. It is physical storage, distributed in different geographical locations and offering the so-called "cold" storage of digital assets. This way of storing cryptocurrencies without access to the Internet and with a multi-level control system is considered to be one of the safest and most resistant to hacking today.

As the CEO of Fidelity Investments, Abigail Johnson, said, the goal of the new platform is to make digital assets like Bitcoin more accessible to investors.

Fidelity Investments is considered the fifth largest asset manager in the world, offering investment and custody services to 13,000 consulting firms and brokers. In total, the company manages assets worth $ 7.2 trillion.