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   1542

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.

Switcheo to Launch Cross-Chain ETH-NEO Atomic Swaps

Developers says that the technology of atomic swaps has been known for few years, but is not popular, since its implementation in practice is quite complicated
25 April 2019   70

Switcheo announced the official launch of the atomic swaps feature for the Ethereum and NEO blockchains.

From now on, Switcheo users have access to the inter-block exchange of their own token exchange, SWTH and ETH, which allows for the transfer of assets between two markets represented on the trading platform and makes Switcheo the first decentralized exchange that implements this functionality.

A challenge with existing trustless exchanges is that trades are confined to individual blockchains, limiting the market combinations that can be offered to users” says . With the launch of the new feature, users can now trade conveniently between ETH and NEO markets, while retaining full custody of their funds.
 

Ivan Poon

CEO, Switcheo

According to the developers, the technology of atomic swaps has been known for several years, but is not widely used, since its implementation in practice is quite problematic. Switcheo lead developer John Wong explained that his team spent a lot of time adapting the process to the user's needs and achieved the desired result.