SettleMint joins the Enterprise Ethereum Alliance

20 October 2017
SettleMint joins the Enterprise Ethereum Alliance

We are happy to announce that we have joined the Enterprise Ethereum Alliance.

SettleMint’s core mission is to bridge the gap between organisations and blockchain technology. This mission implies that we need to be at the forefront of defining how the interaction with blockchain technology, in all its forms and implementation, is crucial. Since we do a lot of work on the Ethereum blockchain, both in public as in other setups, joining the Enterprise Ethereum Alliance is an obvious decision.

For those of you that do not know the Enterprise Ethereum Alliance:

The Enterprise Ethereum Alliance connects Fortune 500 enterprises, startups, academics, and technology vendors with Ethereum subject matter experts. Together, we will learn from and build upon the only smart contract supporting blockchain currently running in real-world production – Ethereum – to define enterprise-grade software capable of handling the most complex, highly demanding applications at the speed of business.

In working groups, we will participate in defining Ethereum in enterprise settings, work with, and on, features that make Ethereum the best solution for enterprise-grade smart contracts.

SettleMints ambition is to accelerate the adoption of blockchain technologies by three years. We believe in the benefits that distributed systems will bring to the world, whether bringing banking to the unbanked, insurance to the uninsured, or for stamping out corruption in for instance voting and land titling. Two critical inhibitors to rapid adoption are limited capabilities and an absence of standards for use across industries as well as between counterparts within an industry. SettleMint’s technology addresses the first inhibitor, and we are happy to be part of the Enterprise Ethereum Alliance as it sets out to solve the second inhibitor in a collaborative and cross-sectoral model. This approach will be crucial in moving from a nascent to a common technological component in real-world, enterprise-grade applications. - Matthew Van Niekerk, CEO SettleMint

At this point, there is not just “one” blockchain, and best practices are still emerging. That is why we are, besides the Enterprise Ethereum Alliance also a part of the MultiChain partner network and are actively seeking collaboration with other blockchain vendors to help bring about the decentralised future.

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