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Enterprise Ethereum Alliance [EEA] partners with Hyperledger; both make joint announcement

Priyamvada Singh

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Enterprise Ethereum Alliance [EEA] partners with Hyperledger; both make joint announcement
Source: Pixabay

On 1st October, the Enterprise Ethereum Alliance [EEA] announced its partnership with Hyperledger, an open source collaborative effort built to advance cross-industry blockchain technologies. In a blog post shared by both the parties, it was stated that the two have become the Associate Members mutually within each other’s organizations.

The prime agenda of this collaboration is to drive mass adoption of the blockchain technology in the business world. Brian Behlendorf, the Executive Director of Hyperledger and Ron Resnick, the Executive Director of EEA co-authored a blog on the occasion. Here, Resnick stated:

“Collaborating through mutual associate membership provides more opportunities for both organizations to work more closely together. In addition, Hyperledger developers who join the EEA can participate in EEA Certification to ensure solution compliance for projects related to the Enterprise Ethereum Client Specification.”

This collaboration will especially be applicable across Interest Groups, Working Groups, global conferences and meetups. Furthermore, Hyperledger will provide support to the EEA community in software implementations for the specifications and standards that EEA chooses to work on. Behlendorf said:



“Great open standards depend upon great open source code, so this is a natural alliance for both organizations”

Enterprise Ethereum Alliance is an initiative to establish a connection between big industry players, such as JP Morgan, Intel, Microsoft, CME Group, Accenture, Ernst & Young, Infosys and more with startups, technology vendors and academics.

Hyperledger is a project to advance the blockchain industry and is hosted by the Linux Foundation. Other groups involved in the joint effort are leading institutions across several sectors, such as banking, supply chains, the Internet of Things, manufacturing, finance and technology.





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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.

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Montana State makes a move in favor of crypto-space as the law recognizes utility tokens as not securities

Priya

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Montana state makes a move in favor of crypto-space as the law recognizes utility tokens as not securities
Source: Unsplash

The United States has always been the highlight of the cryptocurrency space in terms of its regulation, with some states introducing laws in its favor and others deciding to not make an official stance. In terms of laying crypto-friendly rules and regulation, Wyoming has always been one of the most recognized state, while the most hostile one is deemed to be New York.

Colorado made headlines earlier this year, with the Digital Token Act that exempts utility tokens from state securities law being signed by the governor in early March 2019. Notably, in the same month, Wyoming State Senate also passed House Bill 70, Utility Token Bill.

Now, another state has joined the bandwagon by making a similar move. Drew Hinkes, Attorney at Carlton Fields, stated that the State of Montana recognizes utility tokens and exempts it from state securities law. The initial announcement pertaining to this bill was made in February 2019, where Montana House Bill was introduced to “Generally revise laws relating to cryptocurrency”.

The Attorney stated on Twitter,

To this, Caitlin Long, the Co-Founder of Wyoming Blockchain Coalition stated,



“Congrats to #Montana for joining #Wyoming & #Colorado in recognizing that #utilitytokens are not securities under state law!”

Montana also made headlines because of news pertaining to cryptocurrency mining regulation. According to a local news portal, Missoula County commissioners had directed its staff to outline an interim law that regulates the cryptocurrency mining industry. The decision to introduce laws on crypto-mining was made due to concerns pertaining to electricity consumption, with the county prompting the use of renewable energy for mining.

Commissioner Cola Rowley had stated,

“This isn’t throwing ice on economic development or saying that industries aren’t welcome here because we’re an unfriendly environment that hates progress. Cryptocurrency and economic development – bringing businesses here – are two very different things.”





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