08.14.2017

Ethereum Group Gains Momentum

08.14.2017

A month after Enterprise Ethereum Alliance officials first announced the formation of its technical steering committee and initial working groups, contributions from the open-source community are starting to ramp up.

Since the project’s official launch earlier this year, it has grown to approximately 150 members that span multiple industry verticals, including some of the largest global banks.

Dhyan Raj, Synechron

“We’re seeing a considerable uptick in demand from our clients to build applications on Ethereum and Quorum following the launch of the EEA,” Dhyan Raj, principal, technology at Synechron, told Markets Media. “It shows that the group’s focus on making this platform fit for purpose for the enterprise is resonating with financial services firms.”

The technology consultancy, which is a member of the EEA’s banking working group, has contributed Quorum Maker development tool, according to company officials.

“When companies like Synechron open source tools they have built to speed their Quorum application development process, the entire Enterprise Ethereum community benefits,” said Amber Baldet, chairperson of the EEA’s banking working group and blockchain program lead at J.P. Morgan, in a prepared statement. “Community driven development is still new to the financial services industry, and Synechron’s leadership sets a great example for how collaboration accelerates innovation.”

The utility can auto-configure a Quorum network through the use of a QA wizard, according to Raj.

“Doing the same processes manually can take days or longer, depending on the resources of individual firms for their projects,” he said. “The tool allows for faster, more nimble and error-free development work, which is critical in the developing applications and networks.”

Synechron also plans to contribute additional internally developed tools to the EEA community in the coming months.

“We feel that open sourcing tools to the developer community will be what helps blockchain platforms and applications continue to grow,” he added.

Pension funds, sovereign wealth funds, endowments and other institutional asset owners are sitting on vast troves of data -- but extracting value from that data is more challenging than ever.

#AssetOwners #DataQuality

Technology costs in asset management have grown disproportionately, but McKinsey research finds the increased spending hasn’t consistently translated into higher productivity.
#AI #Fiance

We're in the FINAL WEEK for the European Women in Finance Awards nominations – don't miss your chance to spotlight the incredible women driving change in finance!
#WomenInFinance #FinanceAwards #FinanceCommunity #EuropeanFinance @WomeninFinanceM

ICYMI: @marketsmedia sat down with EDXM CEO Tony Acuña-Rohter to discuss the launch of EDXM International’s perpetual futures platform in Singapore and what it means for institutional crypto trading.
Read the full interview: https://bit.ly/45xRUWh

Load More

Related articles

  1. Outlook 2016: Alexander Lehmann, LSEG

    DMI will deliver blockchain-powered scale and efficiencies for the full asset lifecycle.

  2. This makes a traditionally hard-to-access market available to crypto-native investors and institutions.

  3. Pool tokens allow a range of already tokenised assets to be put together into a new token.

  4. Investors can access a tokenized real-world asset structured as a bond for storage service provider BoxDepo.

  5. This project in Hong Kong is a milestone for automating fund issuance & lifecycle management.

We're Enhancing Your Experience with Smart Technology

We've updated our Terms & Conditions and Privacy Policy to introduce AI tools that will personalize your content, improve our market analysis, and deliver more relevant insights.These changes take effect on Aug 25, 2025.
Your data remains protected—we're simply using smart technology to serve you better. [Review Full Terms] | [Review Privacy Policy] By continuing to use our services after Aug 25, 2025, you agree to these updates.

Close the CTA