Hewlett Packard Enterprise, the tech giant with some $50 billion in yearly revenue, has joined the Ethereum Enterprise Alliance (EEA) according to an announcement made yesterday. Markus Ogurek, HPE’s Global Financial Services Industry Lead, said:
“Joining the EEA is a significant step for Hewlett Packard Enterprise in making blockchain enterprise-ready and accelerating our customers’ journey to production.
Our commitment to the EEA will help enterprise-grade blockchain technology adoption and will enable clients to innovate in most demanding applications.”
They are the latest tech giant to enter the blockchain space as interest in the new technology continues to increase in various industries, from finance to fishing.
HP was further joined by another 46 new members for EEA, making it the biggest blockchain consortium by far. That includes a number of blockchain projects, but also more banks, the University of South Wales and the National Association of Realtors.
The real estate market is seeing the implementation of blockchain technology towards tokenizing property to allow it to trade like shares, while other projects are using it to facilitate international property purchases.
Land registries, in particular, have seen some development, with Dubai blockchenizing theirs as the rich city states moves towards its aim of processing all transactions through the blockchain.
Interestingly, the Singapore University of Social Sciences has joined, presumably to study the culture of the 14 new committees that have been formed.
The organization is now so big, they might soon have committees within committees all the way down. The four new ones have a committee for marketing, as well as for the tech aspects such as standards, integration and for the ethereum based private blockchain Quorum.
The organization describes itself as “an industry-supported, not-for-profit established to build, promote, and broadly support Ethereum-based technology best practices, open standards, and open-source reference architectures.”
That includes “hybrid architectures that span both permissioned and public Ethereum networks as well as industry-specific application layer working groups.”
It’s unclear, however, what they have achieved since founding, with pressure increasing for real products and results, especially as a number of blockchain projects are launched, with some verging on live production.
But no one really expected 2017 to go beyond mainly piloting and prototyping. However, 2018 might be a decisive year for the underlying technology that has ushered in a movement.