New EEA Exec to Extend Membership to All Projects Utilizing the Ethereum Blockchain; Including DeFi

Regardless of the size of companies involved, he remains optimistic that the EAA could morph into an industry leader

  • Enterprise Ethereum Alliance hires Daniel Burnett, a former Blockchain standards Architect at ConsenSys, to pick up the reins as the new EEA head.
  • The EEA top brass all seem to agree that alliances should be able to accommodate all the companies that leverage Ethereum to carry out their core businesses.

News has just emerged that the Enterprise Ethereum Alliance, the business-oriented wing of Ethereum, has onboarded Daniel C. Burnett in the capacity of Executive Director. With the former EAA head – Ron Resnick – opting out, with an intent to focus on the Interwork Alliance token initiative.

Formerly working at ConsenSys, an Ethereum solution centered provider, the incapacity of Blockchain Standards architect, Burnett intends to extend the EEA’s purview to accommodate the Decentralized Finance realm.

In his opinion, all those whose core businesses revolve around the utilization of Ethereum should join in the EAA, citing both crypto exchanges and tooling vendors. He, however, wasn’t keen to mention what kind of framework that would come in play to regulate the lucrative DeFi sector swells now locking in amounts north of $2Billion.

Other EAA top brass seems to share the same sentiment with John Wheelan, the Digital Investment Banking lead at Banco Santander, also doubling as EAA Board chair citing that it is about time to onboard companies leveraging Ethereum infrastructure.

Regardless of the size of companies involved, he remains optimistic that the EAA could morph into an industry leader, collaborating with financial watchdogs once the DeFi realm fully integrates with legacy financial systems.

Meanwhile, Ethereum is trading at $246.68 and has been ranked second by Coinmarketcap with a market cap of $27,549,985,644. Coinmarketcap has since recorded trading volumes of $9,672,108,271 in the last 24 hours, with 111,682,816 ETH in circulation as per this writing.

Highly Anticipated Eth2.0

Firms currently leveraging the Ethereum Ecosystem have started gearing up in preparation for the new Ethereum update, dubbed Eth 2.0, that will migrate the Blockchain’s PoW approach to PoS in a bid to mitigate scalability crunches.

ConsenSys backed Codefi recently launched an Enterprise focused staking project for ETH 2.0 staking-as-a-service platform test run that comprises of several crypto bigshots: Binance, Crypto.com, Huobi Wallet, Trustology, MaxiPort, and DARMA Capital. The involved parties are to offer feedback on the several components on the platform during the testing phase.

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Lujan Odera
Lujan Odera
Lujan is a blockchain technology and cryptocurrency author and editor. He has worked in the field of cryptocurrencies and blockchain technology since 2015 helping him gain enough experience to be the writer he is today. He is known for his simple writing style that allows novices to understand the field in the simplest way.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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