Two leading blockchain consortium Hyperledger Project and Ethereum Enterprise Alliance (EEA) has signed an agreement to work together on the development of standards in the application of blockchain technology, and a wide exchange of experiences in an open community. To this end, they formally become associate members of each other and will be able to participate in activities of working groups joint meetup, conferences, etc.

It is expected that this cooperation will eliminate a number of barriers that cause concern among companies considering the introduction of technology into their work. So, in the non-profit Alliance EEA, which consists of more than 500 financial and technology companies and funds, I believe that standardization of approaches will give potential customers the opportunity to select and reduce risks in the event of having to change platform.

“It’s a time of great opportunity… Cooperation through associate membership is more opportunities for both organizations to work more closely”, says EEA Executive Director, Ron Resnick (Ron Resnick).

For nearly 270 organizations participating in the Hyperledger Project this collaboration also promises the possibility of access tokens and smart contracts in Ethereum public. Hyperledger developers can create codes that meet the specifications of EEA, and to certify them in the program, which is an affiliate organization intends to launch in the second half of 2019.

Recall that the third leading blockchain consortium – R3 – bringing together more than 200 large companies, is considering holding an initial public offering (IPO). His representatives in the summer began to discuss this issue with the consultants and noted the interest in the proposal among potential buyers. Earlier in mass media appeared information about the possible bankruptcy of R3, however, the head of the project David Rutter (David Rutter) provided documents, from which it is clear that although the R3 is in a difficult financial position, anonymous sources “exaggerate”.