LOS ANGELES, May 17, 2018 (GLOBE NEWSWIRE) -- Ivy, a blockchain-based financial services company looking to change the way banking transactions are done, announced today that it has joined the Enterprise Ethereum Alliance (EEA), the world's largest open source blockchain initiative.
As a member of the EEA, Ivy will collaborate with industry leaders in pursuit of Ethereum-based enterprise technology best practices, open standards, and open-source reference architectures and work to contribute to the alliance as and liaise with its fellow banking and financial members.
“A membership with an organization like the EEA is invaluable,” noted Gary Fan, President of Ivy. “It gives us greater ability to tap the collective expertise of the alliance and work with other EEA members in the banking and financial sectors to drive forward world-changing Ethereum based products and services.”
With more than 500 member companies, the EEA membership base represents a wide variety of business sectors from every region of the world, including technology, banking, government, healthcare, energy, pharmaceuticals, marketing, and insurance. The EEA’s industry-focused, member-driven working groups are each tasked with creating and delivering specific advancements to the development and use of Ethereum-based technologies.
For all media inquiries regarding Ivy, please reach out to Jed Wallace: firstname.lastname@example.org.
About Enterprise Ethereum Alliance
The EEA is 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. The EEA is helping to evolve Ethereum into an enterprise-grade technology, providing research and development in a range of areas, including privacy, confidentiality, scalability, and security. The EEA is also investigating hybrid architectures that span both permissioned and public Ethereum networks as well as industry-specific application layer working groups.
EEA will collectively develop open industry standards and facilitate collaboration with its member base and is open to any members of the Ethereum community who wish to participate. This open-source framework will enable the mass adoption at a depth and breadth otherwise unachievable in individual corporate silos and provide insight into the future of scalability, privacy, and confidentiality of the public Ethereum permissionless network. For additional information about joining EEA, please reach out to email@example.com or visit www.entethalliance.org.
Ivy is a blockchain-based platform for FIAT and Cryptocurrency business transactions which require verification in the international monetary system. The Ivy Network utilizes IVY tokens which will carry Know your Customer (KYC) and Know Your Transaction (KYT) data to meet the verification requirements for transactions.
In a truly global financial market place, there is a very real need for fast and secure transactions that meet KYC and BSA/AML requirements for not just traditional FIAT currency, but also cryptocurrencies as well. Ivy bridges the gap between the centralized traditional banking and payment systems and the decentralized blockchain ledger to leverage the best of both worlds - fast, decentralized processing that meets the regulatory requirements of Financial Institutions around the world.
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