Ethereum Blockchain. New Way to Arrange and Keep Digital Data.
Electronic money has been on the slow rise for a number of years, with most notable the Bitcoin. But how exactly do you manage this and have a standard system? That is where Blockchain comes into play. Blockchain is essentially a way to arrange and keep data digitally, where it can be shared across networks and accessed by those who need it, without requiring it to be centrally located. Blockchain has become very popular with banks and other financial institutions. One of the most appealing reasons people are interested in this technology is the lack of third party interference.
The most popular platform for Blockchain is a new enterprise called Ethereum. Ethereum is being used in payment systems, crowd funding, gold investing, and many other cloud computing functions. The use of Ethereum has a world wide application, which has sparked the creation of the Enterprise Ethereum Alliance (EEA). The goal of the EEA is to ensure that Ethereum has a bright and continuous future. The founding members of the EEA include Accenture, Banco Santander, BlockApps, BNY Mellon, CME Group, ConsenSys, IC3, Intel, J.P. Morgan, Microsoft, and Nuco. The EEA expects that the demand for this technology will continue to increase and completely change the way we view financial institutions.