Technology giant Microsoft is reportedly among several other industry firms alongside banks and financial institutions coming together to form a new blockchain working group called the ‘Enterprise Ethereum Alliance’. The coalition of tech firms and banks aim to accelerate the adoption of Ethereum’s public blockchain technology in corporations and enterprises, according to a Bloomberg report. Flocking to Ethereum With companies like Microsoft pushing toward development and service offerings, Ethereum, as a smart contracts-based public blockchain is seeing a number of adopters in the corporate space. Companies and financial institutions working on their own private blockchains are increasingly choosing to fork Ethereum. In early 2016, a year revealing several blockchain prototypes and proof-of-concepts, one of the earliest known cases of a banking collective using a blockchain to transfer value came to light. A total of 11 banks across four c...
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