KDDI joined Enterprise Ethereum Alliance

Japanese telecom giant joined the Enterprise Ethereum Alliance
01 October 2017   712

The Japanese telecom giant KDDI Corporation has joined the Enterprise Ethereum Alliance (EEA). This is reported by CoinDesk.

Occupying the 219 line of Fortune Global 500 rating, KDDI also cooperates with Couger, Trident-Arts and law firm Kentauros Works, testing technology solutions based on smart contracts developed by EEA.

In particular, representatives of KDDI noted that the solutions created on the basis of smart contracts can be effectively used to facilitate payments between companies. In addition to blockchain, the Japanese giant also plans to explore the possibilities of other innovative technologies, including artificial intelligence and the Internet of things that, according to KDDI representatives, can help in the development of "next-generation service platforms".

This proof-of-concept will extend beyond blockchains utilized by existing business and will validate business and technical issues and benefits for Open services built on platforms such as the Ethereum and includes non-financial interactions, and Smart Contracts for coordination with partner company services.

KDDI team

What is Enterprise Ethereum Alliance?

Enterprise Ethereum Alliance is a non-profit holding company, which includes mainly large companies and well-known start-ups. At the moment, the alliance includes more than 150 participants.

EEA aims to use Ethereum technology for corporate needs, focusing on aspects such as security, privacy and scalability.

Ethereum Scaling Solution Raiden to Launch Last Testnet

As noted by the developers, after implementing the new solution, the Ethereum network will be able to provide more than a million transactions per second
20 July 2018   163

On Thursday, July 19, at the Dappcon developer conference in Berlin, the last test network of Raiden for the Ethereum blockchain was launched, CoinDesk reports.

The release includes a minimal implementation of the scaling solution, which will allow the transfer of Ethereum tokens outside of the main blockchain. This is the last test phase before the introduction of technology into the core network of Ethereum.

It's the first step towards going to the mainnet. We really want people to really test this so we have a user interface, we have an API and we've created an open Github for everything they could find, so if we go hopefully bug-free on the mainnet.

Lefteris Karapetsas

Core Developer, Raiden

According to him, the new release represents an early implementation for the core network and contains a new rewritten code of smart contracts and payment channels that can be restored in case of unintended closure.

Also, Karapetsas urged developers to join the test network to help detect possible bugs, adding that a bounty program will be launched to encourage this activity.

The release date for the main network has not yet been assigned, but the developers intend to follow this earlier promise and launch Raiden this summer.

Karapetsas also promised to publish regular updates and code optimizations after the full release, adding that Raiden will complement other Ethereum scaling solutions that are currently being developed.

Raiden is essentially the payment channel network for ethereum, it's supposed to help us scale token transfers. The long term goal would be to have people use Raiden from a mobile device and be able to make off-chain token transfers just from their phone. That would be the long term vision, it would probably work in combination with various scaling solutions, sharding, plasma, a sort of hybrid.

Lefteris Karapetsas

Core Developer, Raiden

Raiden is developing from the 2015 and is written mostly on Python. The project is much like the Lightning Network. As noted by the developers, after implementing the new solution, the Ethereum network will be able to provide more than a million transactions per second.