Fnality International joins Enterprise Ethereum Alliance
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Fnality International joins Enterprise Ethereum Alliance 13 January 2020London Reporter: Maddie Saghir
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Fnality International has become a member of Enterprise Ethereum Alliance (EEA), the defacto standards organisation for enterprise blockchain.
As an EEA member, Fnality International will be able to collaborate with industry leaders in pursuit of Ethereum-based enterprise technology best practices, open standards, and open-source reference architectures.
Meanwhile, the Fnality Payment System will be an essential enabler for the development of new tokenised assets and the marketplace that will accompany them, Fnality noted.
Adam Clarke, CTO of Fnality, commented: “Fnality is all about enabling settlement in tomorrow’s financial market infrastructure.”
“Settlement requires all the parties involved to collaborate and cooperate; the EEA’s role is an essential part of that process and we are excited to work with the EEA and the other members to maximise the value of the new technology across the community,” Clarke added.
The EEA membership base represents hundreds of companies from every region of the world across a wide variety of business sectors, including technology, banking, legal, government, healthcare, energy, pharmaceuticals, marketing, and insurance.
Fnality is the commercial realisation of a four-year research and development project that delivers a “payment system to support peer-to-peer markets and tokenisation”.
Fnality was set up by a consortium of financial institutions, including Banco Santander, BNY Mellon, and Barclays.
Mizuho Bank was the most recent to join Fnality’s group of 14 founding shareholders.
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