Alapt

Cryptocurrency news

Standard Chartered became a member of the Ethereum Enterprise Alliance

Standard Chartered became a member of the Ethereum Enterprise Alliance

International banking company Standard Chartered has joined the Ethereum Enterprise Alliance (EEA) to present its financial Offerings in the markets of 60 countries.

“Thanks to blockchain, we can improve customer service and offer them new services, expanding our presence in the field of trade and investment,” said Michael Gorriz, Director of information technology at Standard Chartered.

Recall that the EEA was established in March 2017 to conduct in-depth research on the application of the latest technologies in the economy. Currently, members of the Alliance include Microsoft, Hyperledger, Santander, Sberbank, and other international organizations.

Standard Chartered started studying blockchain back in 2015 to find a universal solution for reducing the cost of money transfers and servicing credit cards. In February, the company implemented the Linklogis platform for blockchain-based supply chain Finance.