Wipro announces joining Enterprise Ethereum Alliance (EEA) as Founding Member to Develop Enterprise-Grade Blockchain Solutions in a press release on May 4, 2017.
Wipro is a leading global information technology, consulting and business process services company that delivers solutions to enable its clients do business better. It delivers winning business outcomes through its deep industry experience and a 360 degree view of “Business through Technology.” By combining digital strategy, customer centric design, advanced analytics and product engineering approach, Wipro helps its clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, Wipro has a dedicated workforce of over 170,000, serving clients across 6 continents.
Wipro has been actively working on Ethereum to develop enterprise blockchain-based industry solutions and assets on a number of industry use cases. These solutions include Delivery versus Payments (DvP) settlement for securities and capital markets, skip-trace consortia for banking, peer-to-peer (P2P) insurance for the sharing economy, anti-counterfeit solution for supply chain traceability and many more.
Ethereum is an open-source, blockchain-based distributed computing platform, featuring smart contract functionality. The EEA seeks to augment Ethereum adoption as an enterprise-grade technology, with research and development focused on privacy, confidentiality, scalability and security.
Wipro’s Blockchain Innovation Lab, is part of its Blockchain COE (Center of Excellence), fast tracks the provisioning of blockchain environments to build use-case specific blockchain industry solutions. The COE focus is to enable client businesses innovate and to stay in tune with the emerging technology trends in blockchain by conducting proof of technology experiments around areas like scalability, performance and security of blockchain platforms. To enable enterprise level talent development on blockchain technologies like Enterprise Ethereum, Wipro has also created a Blockchain Academy to build in-house competency through a multi-level program.
"The EEA benefits from a diverse, yet enterprise-focused membership base. Wipro brings a global perspective on IT strategy and operations to this alliance. We are very pleased to have Wipro as a member as we launch the Enterprise Ethereum Alliance." - Jeremy Millar, founder of Enterprise Ethereum.
“We are excited to be a part of the founding team of the Enterprise Ethereum Alliance and contribute towards key aspects such as security, privacy and scalability as they will be the key determinants in accelerating blockchain adoption within enterprises. Enterprise Ethereum is a great way to fast-track enterprise adoption and Ethereum is one of the fastest growing technology platforms used by our clients for developing and deploying enterprise blockchain.” - Krishnakumar N Menon, Vice President, Service Transformation, Wipro Limited.
“It’s great to have Wipro as a founding member of the Enterprise Ethereum Alliance. Having organizations like Wipro driving purpose-built solutions and accelerating innovation for businesses, adds significant credibility to the Enterprise Ethereum ecosystem.” - Marley Gray, Principal Blockchain Architect, Microsoft.
Enterprise Ethereum Alliance
Enterprise Ethereum Alliance (EEA) is a collaboration of enterprises to promote, develop and implement enterprise grade Ethereum-based blockchain applications across industries for specific business use cases. Enterprise Ethereum is an alliance created in partnership with the leading banking, technology and blockchain firms to produce the industry standard, open source, free to use blockchain solutions that will be the foundation for businesses going forward.
It is a nonprofit organizations which will guide the engineering of a standard blockchain technology based on the Ethereum blockchain and customized for the needs of all enterprise members. The group aims to provide the tools to make Ethereum, which currently faces scalability and privacy challenges, more usable for companies. It is backed by some of the biggest names in the sectors of finance and software - Intel, Microsoft, J.P. Morgan, BP and Accenture. More than 30 companies had joined the alliance so far.
“Enterprise Ethereum Alliance also fosters collaboration within the emerging community of blockchain developers. We look forward to working actively with the members of this alliance to shape the blockchain adoption by enterprises.” - Wipro Limited.
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