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.
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.