JP Morgan, Santander Said to Join New Ethereum Blockchain Group

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New details have emerged about a soon-to-be-launched initiative focused on enterprise uses of the ethereum protocol.

Dubbed Enterprise Ethereum, the project’s founding membership is said to include major financial institutions, tech giants and natural resources companies. According to sources, participating firms include JP Morgan, CME Group, BNY Mellon, Banco Santander, Microsoft, Red Hat, Cisco, Wipro and British Petroleum, among others.

Blockchain startups BlockApps, Brainbot Technologies, ConsenSys, Nuco and Tendermint – as well as the Ethereum Foundation, the non-profit that oversees its code creation – are also said to be involved.

Many of the companies on the list above have already worked with ethereum, such as JPMorgan, which has developed several projects based on that codebase. Notably, Enterprise Ethereum appears to include both existing and former stakeholders in the R3 blockchain consortium.

The initiative is perhaps the most significant to date in terms of enterprise interest and the scale of development being discussed. It also signals a deepening of interest among financial firms in the ethereum platform, albeit one focused in part on implementations that are separate yet compatible with the public ethereum network.

What’s more, sources say that members plan to work on initiatives that would relate to both the public ethereum network as well as permissioned or private version.

More companies are expected to join the effort, sources suggest.


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